08/15/2018
FCA orders firm to cease regulated business
The FCA has not revealed why this restriction was imposed, and the Financial Ombudsman Service has had only one complaint against it, dating back to 2015, which was not upheld.
Legal, Regulation & Compliance
08/14/2018
Bankers, Celebrities Sue Over Film Deals Turned Tax Avoidance
The U.K. government has cracked down on the misuse of movie tax breaks in recent years.
08/14/2018
UK committee opens inquiry into relationship with OTs
The Overseas Territories have a special place in our constitution.
08/13/2018
Ex Dundee bank employee who conned Lloyds out of £5,700 rumbled by Facebook holiday pictures
Fiscal depute Laura Bruce told the court Fraser had exploited a loophole he had discovered while working at the Bank of Scotland call centre in Dundee to claim money back from several transactions.
08/13/2018
UK financial watchdog opens record number of cases
FCA workload focuses on financial crime, governance and culture problems
08/13/2018
Mifid II costs weigh on advisers
Mifid ll is leading advisers to take a closer look at the basic economics of their businesses.
08/10/2018
FCA warns of crypto clone firms
The warnings stated that the real, FCA authorised firms have no association with the clone companies.
08/10/2018
House of Fraser appoints administrators
The British retailer said that the business would continue trading, while administrators Ernst & Young would attempt to complete a sale.
08/10/2018
EU citizenship by investment schemes a security threat
‘The EU must not become a safe haven for criminals, corruption and dirty money’
08/09/2018
FCA cancels permissions for three firms
THIL "failed to pay the overdue balance and it has not been open and cooperative
08/09/2018
Collas Crill acts in Generali acquisition
The transaction is subject to, inter alia, the approval of the relevant competition and regulatory authorities and is expected to be finalized by Quarter 1 2019.
08/08/2018
Carey Olsen lawyers make Citywealth Leaders List
15 Carey Olsen lawyers appear in the latest edition.
08/08/2018
Cyprus targets tax avoiding letter-box companies
These guidelines are due to be incorporated into the Central Bank’s Anti-money Laundering Directive in the near future.
08/08/2018
Jersey launches consultation on tax residency claims
They published proposals are part of a consultation, which officials say would allow the island to meet the commitments made in 2017 to the EU Code of Conduct Group on Business Taxation.
08/07/2018
JAG Shaw Baker joins Withers to create global tech offering
The firm has 17 offices, now 18, across the US, Europe and Asia.
08/07/2018
FCA acted unlawfully in exercising its powers under s28A FSMA
Upper Tribunal Tax and Chancery decision of Judge Herrington on 1 August 2018.
08/07/2018
Two extradited to face fraud charges in Jersey
Bahrain and the UK cooperated to ensure the men stand trial over an alleged multi-million pound fraud
08/07/2018
Six global banks should face terror-funding claims by U.S. military vets - judge
Judge Pollak’s recommendation in Freeman v. HSBC must still be reviewed by the trial court overseeing the four-year-old case, presided over by U.S. District Judge Dora Irizarry.
08/07/2018
Irish AML Requirements Facing a Shake-Up
A significant aspect of these reforms is that certain industry sectors will find themselves within the scope of AML/CFT legislation for the first time and will be subject to direct supervision for AML/CFT purposes by competent authorities.
08/07/2018
FCA Takes Action in UBS Rape Case
The former UBS employee was sexually molested by her manager