08/08/2019
ABN Amro flags possible money laundering fines in latest blow to shares
AS was forced to pay a record $900 million fine in September for failing to spot criminal activities financed through its accounts.
Legal, Regulation & Compliance
08/08/2019
SFO Tells Corporations How to Cooperate in Ongoing Investigations
The office investigates high-level corruption, bribery and fraud in England, Wales and Northern Ireland.
08/08/2019
Italian tax authorities ask for information on UBS clients
The bank is facing two separate investigations in Italy and a court case in France over allegations it enabled cross-border tax cheats to hide assets in Switzerland.
08/08/2019
Hargreaves Lansdown shrugs off Woodford woes with full-year asset jump
Market gains added a further 400 million pounds.
08/08/2019
Carey Olsen advises Ulster Bank
Silver Stream is one of the largest independent providers of residential care for older people in Ireland
08/08/2019
ABN Amro flags possible money laundering fines in latest blow to shares
The results are a side issue here”, KBC Securities analyst Jason Kalamboussis said, highlighting potential money laundering fines and further fallout from the investigations.
08/08/2019
National Crime Agency launches new Unexplained Wealth Order
The court was told the woman had suspected links to alleged paramilitary criminals, linked to the smuggling trade, and was asked to explain how she purchased six properties worth GBP 3.2 million, in what is only the fourth order of its kind.
08/08/2019
Invesco hits back after accusation over bail out
The report alleges Mr Barnett "bailed out" Burford Capital after one of the firm's investments went wrong.
08/08/2019
Skandinaviska Enskilda Banken v Conway: unjust enrichment or an unjust outcome?
SEB’s argument was rejected at first instance and by the Court of the Appeal.
08/08/2019
The Charity Commission's Revitalising Trusts programme aims to redirect funds from inactive charities to community foundations
Charities can seek assistance from UKCF or the Commission to discuss these options.
08/08/2019
FCA and TPR campaign: Pension scams
FCA and TPR join forces to warn pension savers as part of latest ScamSmart campaign
08/08/2019
Kleinwort appears at Tribunal in unequal gender pay claim
Kleinwort Hambros has appeared at an employment tribunal facing a claim of gender discrimination over an employee's pay.
08/07/2019
Wealth manager in administration after FCA intervention
Following solvency advice the directors of SVS decided to place the company into special administration, the FCA said.
08/07/2019
NHS pensions for senior clinicians: new changes announced to improve care
The Department of Health and Social Care will open a new public consultation proposing full flexibility over the amount senior clinicians put into their pension pots.
08/07/2019
The AML Compliance Officer in a World of Heightened Risk
In a climate of heightened risk, alongside severe penalties and enforcement actions, the appointment of the Anti-Money Laundering Compliance Officer, with the right level of expertise and institutional support, is of pivotal importance.
08/07/2019
ECB to test five Croatian banks as country aims for euro entry
Croatia last month submitted a formal bid to join the European Exchange Rate Mechanism (ERM-2), an early stage on the path to membership of the euro currency.
08/07/2019
UBS Accounts Probed as Italian Agency Extends Tax Crackdown
The agency, which asked Swiss officials for assistance in December, is pressing for information on account holders who failed to provide UBS with sufficient evidence of tax compliance.
08/07/2019
Strong Performance for Leeds Office Boosts Law Firm
Managing partner Claire Clarke said: "It’s been another great year for Mills & Reeve and we are delighted that the hard work of everyone who works at the firm has been formally recognised through a number of major award wins and accolades.
08/07/2019
London trader charged in Germany for VAT fraud
Freitas is the first employee of the Deutsche Bank’s London office to be charged in connection to the investigation by Frankfurt’s Attorney General.
08/07/2019
SVS Securities bites the dust as traders face lenghty freeze on withdrawals
The Financial Conduct Authority (FCA) emphasised that, should customers suffer any shortfall due to wrongdoing or poor accounting at SVS, the Financial Services Compensation Scheme will cover losses up to £85,000.