11/30/2018
Latvia: police arrests 11 in money laundering charges
Tightened measures are also being issued on two legal entities in links to the investigation.
Legal, Regulation & Compliance
11/29/2018
Multi-family offices failing to meet Mifid II deadlines
Many believed that the regulation was not directly relevant to them, believing Mifid II would only impact much larger financial institutions.
11/29/2018
France and Germany Cut Bankers Some Brexit Slack
In a cliff-edge exit from the EU, some British industries are getting parachutes.
11/29/2018
FCA warns landlords to check insurance policy
Larksway has failed to comply with the Fos award, despite repeated requests by the Fos and the authority that it do so."
11/29/2018
Important draft guidelines issued on GDPR's extra-territoriality
The guidelines are in draft form and are subject to consultation but they help clarify key questions regarding the application of the GDPR.
11/29/2018
FCA Final Approach to Authorisation
The Approach to Authorisation and feedback statement, published today, explain the purpose of authorisation and our approach.
11/29/2018
DExEU policy paper on EU Exit
The deal the Government has struck takes into account the interests of every side of the debate, and it is the only deal that delivers for the whole of the UK. It is a deal to bring the country back together.
11/29/2018
European Commission reports on progress in risk reduction in the Banking Union
Commission reports on progress in risk reduction in the Banking Union and calls for faster progress on Capital Markets Union ahead of EU Leaders' meetings
11/29/2018
EU Council and EU Commission letter on upcoming G20 Summit
Implementation of the reforms is not complete and it remains uneven.
11/29/2018
Europe | ePrivacy Regulation update
With the ePrivacy Regulation originally targeted to be in force at the same time as the GDPR (25 May 2018), many had started to wonder whether the Member States represented on the Council would be able to resolve their differences in time for this legisla
11/29/2018
ICO’s first enforcement action under the GDPR
The significance of this enforcement is threefold.
11/29/2018
Vistra Cyprus Acquires Licence for Cypriot Investment Programme
Vistra Cyprus, being recently awarded the required licensed certificate, with registration number CIP 448, is now permitted to make such submissions
11/29/2018
Deutsche Bank investigated over Panama Papers
Fallout hits German bank more than two years after Mossack Fonseca scandal broke
11/29/2018
Deutsche Bank's Frankfurt Headquarters Raided in Money Laundering Probe
Frankfurt headquarters as part of an ongoing probe into money laundering that has implicated several European banks over the past year.
11/29/2018
Fraudster sentenced to five years for £3m investment scam
The Judge said that "not one word of what [Starling told investors] was true" and that he had consistently told his victims "a pack of lies".
11/28/2018
The Bailiwick gears up for sanctions post brexit
The Proposed Law also addresses designation under existing UN financial sanctions regimes where the Bailiwick has already implemented a related EU sanction.
11/28/2018
Danske Bank scandal spurs UK crackdown on limited partnerships
Legislation on way to control structures dubbed money-laundering vehicle of choice
11/27/2018
Italy assets rally with budget, talk of ECB bank stimulus in focus
Broad gains for the country’s government bonds and equities market
11/27/2018
Italy budget: Rome vows to stick to plans, despite EU concerns
Italy's government says it will stick to its high-spending budget plans, setting up a potential stand-off with the European Union over its deficit.
11/27/2018
FCA deepens preparations for no-deal Brexit
The most recent consultation, which is accepting comments until 21 December, looks at amendments to the Handbook and Binding Technical Standards (BTS).