07/23/2019
“I am not in a position, and I don’t think any other CEO of any bank would be in a position, to say that everything looks dandy today,” said Anders Karlsson, acting president and CEO of Swedbank
07/23/2019
SLAL did not dispute the FCA’s findings.
07/23/2019
The risk of criminals exploiting UK trusts to launder money is assessed to be low
07/23/2019
Guernsey has always operated with the infrastructure necessary to support substance.
07/23/2019
The recently announced amendments will place extra responsibility on the directors of the Dutch entity.
07/23/2019
'Numerous' companies that are behind on preparations for the new requirements now have extra time to get ready
07/23/2019
It claims that the draft Bill already captures circumstances in which an overseas entity is being used by a trust to hold land in the UK, in that the trustees of a trust, if exercising significant influence or control over the overseas entity, must provid
07/23/2019
Demand for advice on regulatory fallout from Brexit helps top firms
07/22/2019
In one case a former army veteran handed over £34,000 to invest in truffle-free farms that were never cultivated.
07/22/2019
Wily middlemen are helping rich foreigners to gain British residency without revealing the full source of their wealth
07/22/2019
Some 36% of StanChart's shareholders voted against the bank's 2019 directors' remuneration report at its annual shareholder meeting in London
07/22/2019
This means they shall no longer benefit from the relevant passporting regime and, as a result, will not be able provide their services in Luxembourg without authorisation by the CSSF.
07/22/2019
Slow, inefficient and high-handed are all epithets flung at the UK financial watchdog
07/22/2019
Although the article refers specifically to Jersey, the comments are directly applicable to Guernsey and the general principles can also be applied in relation to BVI and Cayman structures (albeit with some different nuances).
07/22/2019
If a bank in the euro area has excess liquidity (more deposits than loans granted), it pays a penalty of 0.40%
07/22/2019
Field has asked whether the remuneration committee agrees with the view recently expressed by Winters to the FT that investors were “immature” for focussing on his pension arrangements.
07/22/2019
Banks avoid new criminal law, as government relies more on public-private model to fight money laundering.
07/21/2019
Bank denies claims of deceit made by Amanda Staveley’s PCP Capital
07/21/2019
The Irish legal action lodged last week is the latest of several taken over commission that Dubliner Juerg von Geitz alleges he is owed for referrals of high net worth and, in some cases, high profile Irish clients
07/19/2019
By combining compliance and financial crime with risk management, Deutsche hopes to break free from the shadows of its past, something which should allow it to become more dynamic in its regulatory obligations.