01/14/2019
Javid and Hammond team up to tackle £14bn of economic crimes
New UK taskforce will crack down on money laundering, corruption, fraud and bribery
Legal, Regulation & Compliance
01/14/2019
Cyprus: FCA Temporary Permission Regime For EEA Firms And Funds
TPR will allow inbound firms to continue operating in the UK within the scope of their current permissions
01/14/2019
Investec letter leaves deposit door ajar
The bank wrote to all of its Irish depositors last week confirming that all deposits held in their Investec account - along with any performance return - will be transferred to them on March 8.
01/14/2019
Italy lures retired foreigners with low tax regime
Spoiled for choice – Italian government offers prospective residents sun, good food and low taxes
01/14/2019
Regulator crackdown on lucrative golden visa schemes
The OECD examined more than 100 world countries offering citizenship and permanent residence
01/13/2019
Here’s Why Libor’s End Is a Headache for Switzerland
But the stakes are especially high in Switzerland
01/11/2019
Credit risk mitigation
An automatic confidentiality disclaimer generated by your IT system on emails will not, of itself, be regarded as binding on the Bank of England.
01/11/2019
Aberdeen Standard inks pension and investment deal with Virgin
Joint venture is expected to transform Virgin Money’s retail investment proposition
01/11/2019
Plan to free 'mortgage prisoners' revealed by FCA
Banks and building societies would still need to agree to take on these customers.
01/11/2019
The slow-burning effects of Europe’s new data rules
PSD2 and Open Banking, a year on
01/10/2019
Egyptian asset manager Rasmala bought by Italy's Azimut
Deal marks the Italian firm's first move into Africa
01/10/2019
Playboy adviser reveals how he took £4.5m from clients
He was sentenced to eight years in prison.
01/10/2019
Our powers to ban a promotion or advert
This power acts against the promotion or advert, not the firm itself. (It works differently from other powers we have when firms generally don't comply with our rules
01/10/2019
Brexit: further proposals to prepare our regulatory regime
The FSCR does not allow EEA firms to take on new business after 29 March 2019.
01/10/2019
Man Group to fight $156m Kuwaiti lawsuit
A Kuwaiti state pension fund has sued the hedge fund in a UK court
01/10/2019
Danske Bank, ex-CEO are sued in U.S. over money laundering scandal
It is common for shareholders to sue companies in the United States after what they consider unexpected share price declines.
01/10/2019
Royal Court issues letter of request to High Court
Again, while counsel was unaware of any case where the English courts had assisted the Royal Court, there have been several occasions where it has done so in respect of Jersey companies.
01/10/2019
Appleby advise on Santander banking transfer in Jersey and Isle of Man
The Jersey team consisted of Partners Wendy Benjamin, Michael Cushing, David Dorgan, Tim Hart, and Richard Sheldon, supported by Senior Associate Gemma Whale, Associate Dilly Wright and Paralegal Angharad Prescott.
01/10/2019
Deutsche Bank prosecutors obtain client list during raid
List contains names of individuals and entities mostly located outside Germany
01/10/2019
Crime Probes Haunt Central Bankers From Black Sea to Baltics
Officials charge, question central bankers in criminal cases