02/27/2019
European Commission speech on FinTech
Speech at the Afore Consulting - 3rd Annual Fintech Conference
Legal, Regulation & Compliance
02/27/2019
Cyprus pushes to bring crypto assets under EU money laundering rules
Тhe EU directive sets a new legal framework for European financial regulators to monitor crypto-related businesses and service providers in order to protect against money laundering and terrorism financing.
02/27/2019
European banks in money laundering scandals: what lessons for the EU?
Over the past few years, the European Union (EU) has strengthened its anti-money laundering rules and regulations.
02/27/2019
Time to act – Luxembourg’s UBO Register coming into force
All of these registers are designed to contribute to global government efforts to increase financial and business transparency.
02/27/2019
Commission Welcomes Agreement on EU Rules on Covered Bonds
The agreed rules aim to foster the development of covered bonds - financial instruments issued by banks to fund the economy
02/27/2019
Santander hit with £91m fines as branch closures loom
The company set aside the money in the 2018 financial year and expects the payouts to happen in 2019 as it continues to review the situation.
02/27/2019
Barclays and Bank of Ireland sued over film finance tax evasion scheme
It said it was not possible to predict the possible aggregate impact of the litigation, but said it “could be significant”.
02/27/2019
EU Parliament and Council reach political agreement on low carbon benchmarks
EU Paris-aligned benchmarks, which have the more ambitious goal to select only components that contribute to attaining the 2°C reduction set out in the Paris climate agreement.
02/26/2019
FCA plans to return £2.5m to UCIS 'land banking' victims
These schemes involved the unlawful selling of plots of land.
02/26/2019
Calls for adviser charges comparison site
The main concern that we have with it is that it enables high charges, with layers and layers of them, which means that funds that are transferred are losing more money than they need to through more expensive charges.
02/26/2019
EBA publishes revised Guidelines on outsourcing arrangements
The recommendation on outsourcing to cloud service providers, published in December 2017, has also been integrated into the Guidelines.
02/26/2019
Andrew Bailey keynote speech on MiFID II at the European Independent Research Providers Association
Speech by Andrew Bailey, Chief Executive of the FCA, on the Markets in Financial Instruments Directive at the European Independent Research Providers Association.
02/26/2019
BoE, FCA and CFTC joint statement on continuity of derivatives trading and clearing post-Brexit
UK and US authorities are taking measures to ensure the UK’s withdrawal from the EU
02/26/2019
Land banking scam victims urged to contact regulator
Of the £32.8m defrauded, only £2.5m has been returned to the watchdog by the firms involved
02/26/2019
Delivering connected thinking
Overall, the impact of globalisation is fairly poorly understood.
02/26/2019
German authorities seize 50 million euros in ‘Russian Laundromat’ investigation
The Russian laundromat is thought to be the one of the world’s largest money laundering operations.
02/26/2019
Switzerland and Ukraine sign protocol of amendment to double taxation agreement
The protocol implements the minimum standards for double taxation agreements and also adapts the DTA to the current treaty policy of the two states.
02/26/2019
FCA predicts £1bn saving for investors under Mifid
The unbundling of research costs was a component of the Mifid II rules introduced in January 2018
02/26/2019
Morning Coffee: Top trader's revenge on the bank that fired him. Fresh horrors at SocGen
As of last week, he's succeeded in that too: Barclays must now pay Fotheringhame £948k ($1.2m) in compensation for firing him in 2016 at the behest of the New York Department of Financial Services, which alleged that Fotheringhame was a key pla
02/26/2019
EU Demands Belize Remove Harmful Tax Regimes
The Code Group also found that, in general, the Income and Business Tax Act does not impose substance requirements for companies benefiting from the tax exemption.