06/12/2018
Cryptoassets and Financial Crime
Following a risk-based approach does not mean banks should approach all clients operating in these activities in the same way.
Legal, Regulation & Compliance
06/12/2018
FCA drops Scottish Widows from life insurance inquiry
The FCA began an investigation into the country’s biggest life assurers in March 2016, looking into what they told customers about exit fees on their products.
06/12/2018
Hedge fund manager who duped victims out of £22m and blew it on £4m mansion, Ferrari, Vegas trips and bets must forfeit £30,000 inheritance or face extra 14 months in jail
Wilson frittered away another £100,000 on shopping sprees and £75,000 golfing on some of the world's most exclusive courses.
06/11/2018
FCA: Final rules on Sovereign controlled companies
The FCA thinks there is considerable benefit to investors if corporate issuers agree to meet these additional premium requirements.
06/11/2018
Trusts (Amendment No.7) (Jersey) Law 2018 now in force
The Trusts Law is widely regarded as the international standard for offshore trust legislation
06/11/2018
Legal heavyweights back funds-industry bid for ministerial order on Bermuda and Guernsey
The department "is evaluating the submissions from industry on this issue and no decision has been made at this point regarding the addition of these two jurisdictions", he said.
06/11/2018
FCA steps in over Invesco investment trust dispute
The fee dispute centred on the level of the performance fee payable to Invesco.
06/11/2018
STM Group independent review recommends 32 improvements
The Report provides a number of recommendations in this respect including segregation for first line and second line of defense.
06/10/2018
Russian firms involved in disputes may turn to Hong Kong as city’s rising arbitration skills shine bright
Restrictions may apply to the import or the use of services from companies registered in counter-sanctioned countries or from companies with any shareholding held by an individual or company from these countries.
06/08/2018
Irish banker's conviction marks end of long road to justice
The 2013 publication of the tapes sparked criticism around Europe and embarrassment for Ireland as it prepared to exit its bailout.
06/08/2018
Former Head of IMF to Face Trial in Spain for Alleged Fraud in Bank IPO
The trial for the IPO of Bankia, which came into being with the merger of seven lenders including Caja Madrid, will be the second time Rato sits in the dock facing serious criminal charges.
06/08/2018
EU Release Bermuda’s ‘Commitment Letter’
The list has subsequently changed, and the graph from their website below shows the evolution of the list.
06/08/2018
Beyond 25 May: The legacy of GDPR
The introduction of the rules has proved particularly timely following the Cambridge Analytica data scandal.
06/08/2018
Italy Banks From UniCredit to Intesa May Face Costly Ringfencing
The so-called ringfencing in the U.K. imposed heavy costs on the country’s biggest lenders.
06/07/2018
Bank of Portugal sees risks from incomplete EU banking union
Under plans so far agreed, the euro zone’s agency for troubled banks, the Single Resolution Board, will be given a clearer mandate to set the level of capital buffers that banks should hold against the risk of failure.
06/07/2018
Ex-Anglo Irish Bank chief convicted of fraud
Bailing out Anglo was to cost taxpayers billions of euro.
06/07/2018
Ex-Everton manager sues IFA
Former Premier League football manager Walter Smith is seeking £320,000 from his ex-financial adviser over investments made during the time he was in charge of Everton.
06/07/2018
Deloitte Will Acquire Part of US Law Firm in New Legal Venture
Alliance supports global businesses in staying ahead in a rapidly-changing global immigration environment
06/07/2018
Law No 972 on money laundering
Last week Thomas Brezzo has been appointed to report back to the National Council on Draft Law No 972, which strengthens the fight against money laundering, the financing of terrorism and corruption.
06/07/2018
Ex-Rangers boss sues his wealth advisers
The court has previously said it will not force Smith to hand over the documents.