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Legal, Regulation & Compliance

09/26/2018

Chelsea FC owner ‘a threat to public security’ in Switzerland

Damning police report into Abramovich’s attempt to secure Swiss residency made public

09/26/2018

Not dealing with unexplained wealth orders can have consequences

Whereas, previously, law enforcement had to prove in court that an asset was purchased with laundered funds, unexplained wealth orders shift the burden of proof to the property’s owner.

09/26/2018

Hargreaves Lansdown broke Mifid rule

A spokesman for the company stated in accordance with Mifid II it had written to, and emailed, clients affected by this rule.

09/26/2018

Russian banks to be able to block suspicious money transfers

The signs of unauthorized transfers should be defined by Russia’s Central Bank.

09/26/2018

Ex-Deutsche Bank Trader Pleads Not Guilty to Spoofing

Chanu is seeking to be released on bond to Dubai in the United Arab Emirates, where he currently works at a trading company, his lawyer said.

09/26/2018

Blenheim Capital Group founder told to pay wife or face jail

A judge had approved the agreement and ordered Mr Rogan to pay.

09/26/2018

European countries have been 'oblivious' in fighting money laundering, says Latvian minister

The Latvian ABLV, the Danish Danske Bank and the Dutch ING have all recently been involved in scandals over money laundering and financial crime.

09/26/2018

ECB speech on interest rate benchmark reform

Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the ECB’s Money Market Contact Group meeting, Frankfurt am Main, 25 September 2018

09/25/2018

EU lawmakers move to tighten rules on London-based investment banks

The proposed new rules would reduce the scope of the so-called equivalence regime, which allows foreign financial firms to operate in the EU without branches there if regulations in their home countries are seen as equivalent to those in the EU.

09/25/2018

Deutsche Bank warned over money-laundering as auditor appointed

German watchdog brings in KPMG to ensure the bank does more to uncover hidden cash

09/25/2018

Tesco Bank faces huge fine as FCA gets tough over cyberattacks

The banking arm of Britain's biggest retailer is contesting a proposed £30m-plus fine from the City watchdog, Sky News can reveal.

09/25/2018

EBA launches its 2018 EU-wide transparency exercise

In 2018, the sample of banks will be aligned with the one used for the 2018 EBA RAR and the exercise will be based exclusively on supervisory reporting data.

09/24/2018

Services to asset managers are now the biggest growth driver.

On the regulatory side, things have changed as well over the past years.

09/24/2018

Regulator says scandal bank board 'heads are on the block'

CEO Thomas Borgen, 54, has resigned and Chairman Ole Andersen says that several employees have been reported to the police.

09/24/2018

Former Deutsche Bank trader said arrested in Italy

“We confirm Andreas Hauschild was arrested on a European arrest warrant last month in Italy."

09/24/2018

Maples and Calder in Jersey becomes TISE Listing Member

This new membership serves as a welcome addition to Maples and Calder's provision of specialist listing services for the Cayman Islands and Ireland.

09/21/2018

GDPR made it impossible for banks to provide advisory services

GDPR has forced banks to reconsider the data they collect and how it’s being used.

09/21/2018

Digital wealth manager launches partnership with venture capital firm

Tiller Investments, the online wealth manager, has struck an agreement with West Hill Capital.

09/21/2018

Dutch asset managers join class action against Volkswagen

Other Dutch pension funds and providers declined to state whether they were among the litigants.

09/21/2018

Murder for £10 BILLION fortune

Janowski allegedly spent €250,000 to hire contract killers

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