05/21/2018
Russian dirty money entering UK through BOTs, report says
To combat this corruption, the report says the UK Government must show stronger political leadership in ending the flow of dirty money into the UK.
Legal, Regulation & Compliance
05/21/2018
FCA bans adviser who used client cash to buy a business
The Financial Conduct Authority has today published a Decision Notice, which sets out its decision to ban Darren Lee Newton from working in any regulated activity in the financial services sector.
05/21/2018
Linklaters becomes first magic circle firm to secure Chinese law capability
Linklaters China head William Liu said: “Market shifts indicate that outbound work and high-end domestic transactions will become ever more important for our business.
05/18/2018
Ex-Barclays trader tells court being a bank VP is like working at McDonald's
Four former Barclays bankers and one Deutsche Bank employee each face one charge of conspiracy to defraud by dishonestly manipulating Brussels-based Euribor rates between 2005 and 2009.
05/18/2018
EU to start Iran sanctions blocking law process on Friday
EU launching the process to activate the ‘blocking statute’ from 1996, on Friday morning at 10:30: Jean-Claude Juncker
05/18/2018
The insurance distribution directive and its consequences for the Luxembourg life insurance industry by Ogier
The aims and potential consequences of this overwhelming EU legislation on the insurance sector have been already presented and commented by many authors.
05/18/2018
Award Winners — Lawyers & Law Firms
Firm of the Year 2018: Hogan Lovells
05/18/2018
Panel for landmark probe into UK accounting watchdog named
The investment industry is heavily represented on the panel
05/18/2018
Six steps to fend off ‘failure to prevent’ tax evasion charges
A law firm outlines how financial advice firms can protect themselves from the criminal offence of failing to prevent tax evasion.
05/18/2018
Worrying rise in criminal and civil penalties aimed at advisers
Giving “anything but ‘vanilla’ tax planning is becoming dangerous for advisers”, as they face a rise in civil and criminal penalties aimed preventing tax evasion, James Quarmby, private client partner at Stephenson Harwood has warn
05/18/2018
FCA chief details business plan to boost fintech and innovation
Particularly exciting over the coming months will be our work with fellow regulators on a blueprint of the global sandbox – in which innovative firms can test in multiple jurisdiction, minimising time to market.
05/17/2018
FCA boss warns of data rules impact
He warned of the fact that many consumers don't understand the value of their personal data and do not really provide informed consent when they pass their data on to a company.
05/17/2018
The FCA’s Business Plan and Priorities
Speech by Andrew Bailey, Chief Executive at the FCA, delivered at the BIBA 2018 Annual Conference & Exhibition, Manchester
05/17/2018
UK foreign secretary says cayman has been will be and will remain with the uk family
The Cayman Islands is, has been, will be part of the United Kingdom family. So here’s to another 60 glorious years, if not more, of that fantastic crest,” Mr. Johnson said.
05/17/2018
UK law firm accused of failings over Azerbaijan leader's daughters' offshore assets
Child & Child set up secret company in British Virgin Islands and claimed Leyla and Arzu Aliyev had no political connections
05/16/2018
GDPR fines only insurable in two countries
The GDPR will come into force on May 25, 2018 and aims at giving control to EU citizens and residents over their personal data.
05/16/2018
Perthshire law firm continues regional growth
Managing Partner Ruth Croman comments: “The opening of our Aberuthven office represents the strategic expansion of the Macnabs brand in Perthshire."
05/16/2018
Kent stands by Neil Woodford despite massive underperformance
Over the course of 2017, Schroders delivered 12.88 per cent returns, against a customised benchmark of 12.83 per cent.
05/16/2018
Angola sovereign wealth fund takes battle to UK court
The $5 billion (3.7 billion pounds) sovereign wealth fund has been embroiled in a dispute with its former boss, the ex-president’s son Jose Filomeno dos Santos, and the Swiss-based asset manager contracted to invest money for the fund, Quantum Glob
05/14/2018
FCA secures confiscation orders totalling £1.69 million against convicted insider dealers
These confiscation orders follow an FCA prosecution in which Messrs Dodgson and Hind were convicted of conspiring to insider deal.