08/21/2018
FCA exempts ambulance chasers from FSCS
For this reason, we have decided to collect a substantial proportion of our project costs in the first year
Legal, Regulation & Compliance
08/21/2018
Helping Russia against Browder will be costly for Cyprus, lawyer says
Should Cyprus continue cooperating with Russia, Browder could be convicted in absentia which damages his reputation
08/21/2018
Scot put on FBI most wanted list for investment fraud
Precious metal scam defrauded $400,000 from at least 12 victims
08/20/2018
Dawood Ibrahim's finance manager Jabir Moti nabbed in London
He was arrested by the officials of the Charring Cross Police Station in London.
08/20/2018
EU may force banking jobs away from UK after Brexit, warns City boss
Standard Chartered’s Tracy Clarke says tougher demands could see more jobs than planned shift to Frankfurt, Paris and Dublin
08/20/2018
Billionaire racehorse owner launches court case against Lloyds Bank subsidiaries
Trevor Hemmings’ Manx Capital was among a group that secured a £200m settlement from RBS in 2017
08/20/2018
Expats fear for their life savings after collapse of foreign exchange firm Premier FX
The firm suspended business on July 27
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
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.