03/26/2018
Dutch regulator offers escape route from contentious cost rules
Watchdog provides alternative to controversial investor transaction charge disclosures
Legal, Regulation & Compliance
03/26/2018
Forex fraudster jailed again over Rihanna tickets
A court heard that while on day release Hope opened five new bank accounts which receive more than £75,000 and was mainly withdrawn in cash or used to fund his lifestyle.
03/26/2018
Revolving doors: National firms lead the pack in spate of UK and international hires
Manchester real estate head Peter Kershaw said the appointments displayed a commitment to the real estate market and the growing local market.
03/26/2018
How Pilatus banker Ali Sadr Hasheminejad played hide-and-seek with the Americans
Ali Sadr Hasheminejad regularly travelled to the United States from Malta. But an investigation into the circumvention of Iran sanctions finally caught up with him, less than a year since his private bank was plunged into a national scandal. We trace the
03/26/2018
FCA announces changes to advice on pension transfers
The new rules include requiring transfer advice to be provided as a personal recommendation that takes account of a consumer’s individual circumstances.
03/26/2018
Senior managers fear being left on the hook under new rules
Greater personal accountability may prompt executives to shun financial services roles
03/25/2018
Pilatus: the headache that won’t go away
The timing was inauspicious for a number of reasons.
03/23/2018
Staying afloat in a sea of regulatory change: priorities for 2018 - TMF
A key lesson from CRS early adopters is that FATCA and CRS are still being confused and interpreted as part of the same legislative piece, while they are two different requirements.
03/23/2018
Ukraine's failure to comply with minimum BEPS standard in 2018 threatens with EU sanctions
This means that the Ukrainian business, which is now so painfully winning European markets using the Association Agreement, might find itself in such an uncomfortable situation
03/23/2018
Authorities seize control of bank at center of Malta corruption scandal
Maltese authorities took control of Pilatus Bank that is at the center of a scandal exposed by the murdered journalist Daphne Caruana Galizia
03/23/2018
Theresa May set to ban secretive Scottish shell companies to halt flow of dirty Russian money
The Highland MP said he was very pleased the Conservative Government was at last determined to take measures to stop the flow of dirty Russian money.
03/23/2018
Banking regulation and supervision – you can't have one without the other
Speech by Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, 9th Annual EFR Stakeholder Round Table on "Financial Fragmentation or Integration", Brussels, 22 March 2018
03/23/2018
Getting Restructuring Recognised in Jersey - Appleby
High street names are in the headlines on an almost daily basis and insolvency practitioners in the UK are increasingly seeing themselves advising or appointed over businesses that span jurisdictions and aren’t just limited to the confines of the UK
03/23/2018
At A Glance Guide to Luxembourg Public Limited Companies reforms
Without amendments to their articles of association, companies will have to continue under the constraints of the old regime
03/23/2018
Basel Committee proposes revisions to minimum capital requirements for market risk
The proposals aim to address issues that the Basel Committee has identified in the course of monitoring the implementation and impact of the market risk standard issued in January 2016: Minimum capital requirements for market risk.
03/22/2018
Malta bank chief held in US over Iran links
Company had been under scrutiny by murdered journalist Daphne Caruana Galizia
03/22/2018
FCA sets out its Approach to Supervision and Enforcement
The Approach to Enforcement outlines how the FCA conducts investigations and its powers.
03/22/2018
Crooks are impersonating Monaco’s elite including Prince Albert II to scam money from high-flying victims
‘For several weeks, individuals who are part of organised groups, have been stealing the identities of high-ranking personalities in the principality and trying to establish personal contact with them … notably through electronic messages, S
03/21/2018
Swiss prosecutors charge Germans with industrial espionage - report
The Zurich prosecutor’s office was not immediately available for comment, while a German foreign ministry official said it was familiar with the case but that it does not comment on ongoing judicial processes.
03/21/2018
Nordea Wants More Bankers for Wealth Unit
The wealth business employs about 3,600 people, 500 of whom are based outside the Nordic region.