03/08/2019
CJEU interprets concept of beneficial ownership in EU directives
The Danish companies appealed the denial through the Danish court system and the Danish Supreme Court ultimately referred the cases to the CJEU.
Legal, Regulation & Compliance
03/08/2019
Appleby announces global Female Leaders Network
The network first launched in Jersey in 2017
03/07/2019
FCA action delivers £80 million savings in fees for credit card customers
The data and analysis from this piece of work raised concerns about the application of credit card fees to customers whose management of their account indicated that they might be in financial difficulty.
03/07/2019
Agreement reached on new rules to improve SME access to capital markets
In particular, the revised rules will make it cheaper and simpler for SMEs to access public markets through the so-called 'SME Growth Markets', a new category of trading venue dedicated to small issuers.
03/07/2019
Substance checklist for directors of Jersey companies
Detailed guidance notes in respect of the Jersey legislation are expected, but directors should start to consider some essential questions now.
03/07/2019
Vast Offshore Network Moved Billions With Help From Major Russian Bank
The system enabled people to channel money out of Russia
03/07/2019
Saving the Crown Jewels in a post-Brexit world
Following the UK’s planned exit from the EU on 29 March 2019, provided that the terms of the Withdrawal and Transition Agreement can be agreed
03/07/2019
EU Agrees on New Rules to Counter Investment 'Greenwashing'
"The EU is today setting out a transparency framework to make sure that investors are well informed of the environmental and social impact of their investments," said Eugen Teodorovici, Minister of Finance for Romania, which currently holds the
03/07/2019
RBS investigates money laundering at ABN AMRO
A spokesperson said that RBS takes money laundering accusations “seriously”, but does not want to comment on the specific details of transactions.
03/07/2019
Lloyd’s Brussels granted Monaco re/insurance licence for Brexit; appoints Rochefoucauld
Following the UK’s exit from the EU on 29 March 2019, Lloyd’s underwriters will cease to be authorised in Monaco.
03/07/2019
Swedbank CEO ‘Humble’ After Laundering ClaimsSwedbank CEO ‘Humble’ After Laundering Claims
But Bill Browder, an investor known for chasing money launderers, says he has evidence supporting the television report, adding that he plans to file a criminal complaint against Swedbank.
03/07/2019
EU nations reject Commission money laundering blacklist
The list is used to increase checks and investigations on financial transactions from those countries and territories to find suspicious money flows.
03/06/2019
Russian money laundering machine shifted millions through the Netherlands
The scheme was discovered in a collection of 1.3 million banking transactions and other documents obtained by OCCRP and the Lithuanian news site 15min.lt, which stem from the two Lithuanian banks.
03/06/2019
Schroders and Hermes press HSBC to drop coal completely
They argue the bank should fall into line with peers such as Barclays and Standard Chartered
03/06/2019
Brexit might be frustrating, just not for leases
Permission to appeal has been granted, so it remains to be seen whether the Court of Appeal will agree.
03/06/2019
Anti-money Laundering & Fraud in France
The Financial Action Task Force also highlighted a significant lack of regulation and supervision of non-financial institutions and professionals.
03/06/2019
UK partnerships moved billions through Baltic to Europe, data shows
Banking leak reveals how LLPs allowed people to move money under the radar
03/06/2019
Expansive law firm lays ground to hit £20m turnover target
The effect of battening down those hatches is that now, from the comfort of 2019, the firm looks to be in a good place.
03/06/2019
Nordea Bank engaged in money laundering
Scandinavian banks are more likely to be in the news recently in connection with money laundering.
03/06/2019
ABN Amro says money laundering report unrelated to current operations
The subsidiary that came up in the investigation is no longer part of ABN Amro