04/04/2018
Managing the complexity of Luxembourg structuring and product options - Ogier
The use of European labels is an integral part of Capital Markets Union (CMU) and they will grow in importance as CMU develops.
Legal, Regulation & Compliance
04/03/2018
Nigerian gangs making MILLIONS from phones nicked in UK phone theft epidemic
Sun investigators discovered 'UK used' iPhones for sale in Nigeria's largest city amid Britain's epidemic of moped yobs, often armed with acid, robbing pedestrians of their smartphones
04/03/2018
Leading offshore law firm shortlisted for 'Best Offshore Law Firm' Award
The award rewards firms that have demonstrated a consistently high standard in providing offshore legal services to the hedge fund sector.
04/03/2018
Standard Life platform charges questioned after Phoenix deal
Phoenix has previously told FTAdviser it "will not be changing their terms and conditions in any way", including the fees and charges currently in place for the products.
03/31/2018
HSBC is investigated over £134m ‘tax evasion’ scheme
Ten defendants, including City bankers and financial advisers involved in selling the scheme through Zeus, had previously been charged with cheating the public revenue, an offence that can lead to lengthy custodial sentences.
03/30/2018
HSBC Will Pay $100 Million to Settle Libor-Rigging Lawsuit
Investors claimed HSBC colluded with banks to reduce payments
03/30/2018
Central Bank fines wealth firm
However, the Central Bank said it identified failures by BCWM which has admitted to the breaches regarding necessary arrangements for opening client asset accounts.
03/30/2018
UK Privilege in Internal Investigations Remains in Flux
As UK courts reshape the landscape of privilege law in the internal investigations context, a recent decision offers guidance but not clarity.
03/29/2018
Money laundering in UK property to be probed by MPs
The Treasury Select Committee said it will investigate the scale of money laundering in Britain following claims the UK – in particular the London property market – has become the “destination of choice” to launder money.
03/29/2018
Asset managers snub UK pension fund code on fees
Franklin Templeton, Kames and HSBC among funds yet to back greater disclosure initiative
03/29/2018
Ex-UBS trader loses appeal against confiscation order that forced wife to sell family home
If it were right, the sophisticated criminal would be astute to apply the proceeds of his criminality
03/29/2018
The Treasury Committee is launches a new inquiry into economic crime
The Committee is now welcoming written evidence. Witnesses for oral evidence sessions will be announced in due course.
03/29/2018
Commentary from Cannes - Appleby
The week generated some common themes:
03/28/2018
ECB revokes licence of Estonian bank amid money laundering probe
Latvia has also moved to ban shell companies - entities often used in money laundering.
03/28/2018
UK workers face mandatory pension contribution increase
Minimum contributions will increase again from 6 April 2019, to 5% for employees and 3% for employers.
03/28/2018
Nucleus and Zero Support launch GDPR guide for advisers
GDPR to take effect on 25 May
03/28/2018
Solicitor-client privilege could be next victim of the Panama Papers | Julius Melnitzer
The trouble is that truth and accuracy are often at odds with optics.
03/28/2018
World-first property beneficial ownership register set for green light
The UK government is to publish legislation to introduce the world’s first public register of beneficial ownership register of overseas companies and other bodies that own UK property or participate in UK government procurement.
03/28/2018
Ogier advises on establishment and listing of TruFin plc on AIM
TruFin plc is the holding company of an operating group comprising three growth-focused businesses in FinTech and banking
03/28/2018
UBA expands presence in London, gets licence for banking activities in UK
Following this authorization, UBA is now the only Sub-Saharan African bank to conduct banking activities in New York and London