08/20/2018
Controversial Russian company mulls moving from Jersey
The board said that registration in Russia appeared to be in the best interests of the company and its shareholders
Legal, Regulation & Compliance
08/20/2018
Time running out for 'disguised remuneration' scheme users to settle affairs
Flexible payment arrangements are available to anybody who has genuine difficulty paying what they owe, HMRC states.
08/20/2018
Managers adapting to new landscape of MiFID II regulations
It puts into question how managers use research and the quality of this research
08/19/2018
Tax consultant jailed as ringleader of £6.9million payroll fraud conspiracy
David Hughes fled the UK in 2011, but was arrested at Heathrow Airport earlier this year
08/19/2018
Malta wealth managers named in Venezuelan graft probe
MaltaToday has learnt that Portmann Capital Management Limited is the Maltese investment firm that is referred to in the Homeland Security Investigations criminal complaint filed in the courts of Miami
08/17/2018
Specialist UK police unit prevents £25m of fraud in first half of 2018
26 fraudsters were convicted between January and June 2018
08/17/2018
Aristocrat sues France for €351m in row over Monaco throne
He insists his legal action is not aimed at Monaco’s current ruler, Prince Albert, but the French state.
08/17/2018
Two introducers involved in £86m of transfers, FCA reveals
The firms, which traded as Avacade Investment Options and Alexandra Associates before entering liquidation, then promoted self-invested personal pensions and investments in alternative investments such as tree plantations, the FCA said.
08/17/2018
FSB: Thematic peer review on implementation of the LEI
The objective of the review is to evaluate the progress made by FSB members
08/17/2018
CPMI/IOSCO: Governance of OTC derivatives data
Aggregation of the data reported across TRs will help ensure that authorities can obtain a comprehensive view of the OTC derivatives market and its activity.
08/17/2018
Treasury Committee secures changes to Co-op Bank review
On 12 June 2018, the PRA published the review Protocol, which set out ‘the procedures under which the investigation is to be carried out and underlining the independent nature of the review’.
08/17/2018
The Advantages of Listing Eurobonds and PIK Notes in the Channel Islands
Interest paid on qualifying Eurobonds does not have to be withheld for UK tax purposes if the Eurobonds are listed on TISE.
08/17/2018
Ex-Barclays Trader Wins $190,000 Job at Bank That Fired Him
His new role as a director, however, is junior to his previous title and comes with a big pay cut.
08/17/2018
Regulator scans bank statements in scam crackdown
We have obtained five production orders so far in the course of our investigation
08/17/2018
RBC whistleblower protections under FCA scrutiny
Regulator made aware of at least five further complaints after whistleblowing former employee wins unfair dismissal case
08/17/2018
English High Court Issues Milestone Judgment in Favour of Quantum Global
Quantum Global will now focus on resolving issues in Mauritius and Switzerland
08/17/2018
UK Brexit technical notices: Government of Jersey response
Whilst Jersey’s position differs from that of the UK, in that we have a limited relationship with the European Union as set out under Protocol 3 to the UK’s Treaty of Accession, there are certain areas where the Island will be impacted.
08/16/2018
FCA criticises mortgage administrators’ ‘inflexible’ complaints handling
The regulator wanted to see if the processes involved in handling complaints posed a risk to customers, and, in some areas, found room for improvement.
08/16/2018
“Diversity is the best bulwark against groupthink”
Interview with Ed Sibley, Member of the Supervisory Board of the ECB, Supervision
08/16/2018
Accountant guilty of misleading regulator over AE
TPR had launched an investigation into Gran Caffe Londra in Knightsbridge, run by Primadell Ltd, after the company missed its deadline to confirm it had automatically enrolled staff into a pension in October 2015.