10/15/2018
UK’s largest businesses hit with £59m in fines by HMRC for ‘careless’ behaviour last year
Fines levied for ‘careless’ behaviour can be costly for businesses.
Legal, Regulation & Compliance
10/15/2018
CYBG completes acquisition of Virgin Money
The deal sees the creation of the UK’s sixth biggest bank and the first national banking competitor to the status quo
10/15/2018
Judge says Fos decision may be illegal
London's High Court heard Berkeley Burke was made to repay the £29,000 pension fund of Wayne Charlton.
10/15/2018
RBS chief cannot guarantee end to scandals under his watch
Ross McEwan was speaking around the 10-year anniversary of the bank's £45 billion Government bailout in 2008
10/15/2018
ESG wake-up call for pension laggards
Policymakers are trying to steer more UK schemes towards sustainable investing
10/15/2018
Battle to recruit ESG specialists intensifies
Applications are up but the right skills are hard for funds to find
10/14/2018
Consumer rights if there's no Brexit deal
How consumers’ rights would be protected if the UK leaves the EU with no deal.
10/14/2018
Universal Wealth Management: Police probe Ipswich firm
They have since been released but remain under active police investigation.
10/14/2018
Head of British standards-setting body warns of rise in AI risk to financial markets
The global algorithmic trading market is expected to grow to US$18.16 billion by 2025 from US$8.79 billion in 2016 – but are the technology, artificial intelligence and electronic trading systems involved regulated strictly enough?
10/12/2018
The new ‘McMafia’ law will go some way to tackling corruption, but Brexit plans could make it even worse
You want money laundering? You got it.
10/12/2018
London remains a safe haven for the world’s dirty cash
The government’s new unexplained wealth orders are a hopelessly weak weapon against money laundering
10/12/2018
Global Financial Markets Regulatory Review
Reported items include proposed legislation, rule changes, disciplinary actions, litigation, and other news.
10/12/2018
Committee sets out expectations for Bank of England and FCA’s Brexit analysis
The Committee asked the three organisations to publish their analyses in good time before Parliament comes to vote on the Brexit deal.
10/12/2018
Basel AML Index reveals slow progress in combating money laundering
The findings tie into recent high-profile probes involving countries generally considered low-risk.
10/12/2018
Tax, Fiduciary and Philanthropic Requirements in 60 Countries - RESEARCH
A similar report was first produced by the two organizations in 2015.
10/12/2018
Court in France denies UBS bid to drop money laundering charge
After seven years of investigation and aborted settlement talks, UBS will also answer charges that it illegally solicited clients in France
10/12/2018
MOF publishes first draft of Brexit Tax Implementation Act
To mitigate the most disadvantageous tax consequences resulting from Brexit, the draft law clarifies that Brexit itself will not constitute a “harmful event” for purposes of certain German tax law provisions.
10/12/2018
EU mulls blacklisting its own Member States
Lawmakers and campaigners questioned whether countries like Luxembourg, Malta, Ireland or the Netherlands should be considered tax havens due to their tax rules.
10/12/2018
Baker McKenzie admits to shortcomings in sex assault inquiry
The Solicitors Regulation Authority, the profession’s watchdog, is conducting its own investigation into the incident.
10/11/2018
Carey Olsen supports Epiris on launch of £821 million buyout fund
The fund's strategy will be focussed on targeting UK-headquartered business with an enterprise value of between £75 and £500 million, investing between £40 million and £150 million of equity in each investment