12/07/2017
Using artificial intelligence to keep criminal funds out of the financial system
Speech by Rob Gruppetta, Head of the Financial Crime Department at the FCA, delivered to the FinTech Innovation in AML and Digital ID regional event, London.
Legal, Regulation & Compliance
12/07/2017
Finance and secured lending in Luxembourg
Luxembourg’s flexible and lender-friendly treatment of security interests continues to be very attractive to international banks.
12/07/2017
British Judge Tosses Out Russian Claim Against Fund Manager Browder
Cites lack of disclosure about political background to case.
12/07/2017
Offshore advisers fear new regulatory burden from HMRC
Offshore advisers have given a cautious thumbs-up to additional requirements to tell HM Revenue & Customs when they set up complex offshore schemes but have expressed concern that legitimate schemes could be targeted as well as abusive ones.
12/07/2017
Scottish Secretary to challenge RBS chief over ‘withdrawal from half of Scotland’
The Scottish Secretary is to challenge RBS chiefs over its “withdrawal from half of Scotland”.
12/06/2017
Growing Keystone Law joins the AIM marke
The firm intends to use the rest of the capital in order to support its growth strategy which will, in the short term, focus on organic growth.
12/06/2017
FCA regulatory sandbox update
The FCA has published a list of firms that have been successful in their applications to begin testing in cohort 3 of the FCA's sandbox. The FCA received 61 submissions for the third phase, of which 18 applicants met the sandbox eligibility criteria.
12/06/2017
Numis warns that Mifid rules shake-up won’t help pensions
Small and mid-cap brokers have been under pressure for years, with many predicting the near demise of the sector.
12/06/2017
Five effects of regulation
‘The pace and relentlessness of the changes required, exacerbated by legacy infrastructure and siloed operations, comes with a significant price tag, and is something that many wealth managers are still underequipped to deal with.
12/06/2017
FCA fines Bluefin £4m for misleading customers
Bluefin’s independence was compromised by its culture which promoted business strategies, including a policy which focused on increasing the business placed with its parent company, over treating customers fairly.
12/05/2017
EU decision reaffirms Guernsey’s status as a cooperative jurisdiction
Guernsey Finance Chief Executive Dominic Wheatley said it was no surprise that the island continued to be endorsed as an excellent and cooperative international finance centre by the EU.
12/05/2017
Wealth manager hits the acquisition trial with £1m deal
Under the terms of the deal, the combined maximum purchase price is £1.1m, payable in cash over the next 26 months in four tranches, dependent upon performance criteria being met.
12/05/2017
Deutsche Bank receives Mueller subpoena over Trump
Mueller has demanded that Germany’s largest lender share data on its client relationship with US president
12/05/2017
German banking regulator 'cannot believe' there will be no Brexit deal
After all those Irish border skirmishes, here's some better news on Brexit.
12/05/2017
British couple sue Nigerian billionaire prince for £1.8million after he pulled out of buying their £5million seven-bed London mansion leaving them 'stranded on the property market'
Couple were planning to sell £5million London mansion to Nigerian prince
12/05/2017
Guernsey welcomes EU reaffirmation of 'cooperative jurisdiction' status
The Code Group's screening process initially involved 92 non-EU countries and jurisdictions.
12/05/2017
Belgian Authorities Raid Bank Linked To Offshore Companies Found In Panama Papers
Belgian police raided the offices of state bank Belfius as part of a probe into possible tax avoidance by companies exposed in the Panama Papers
12/04/2017
RPT-French c.Bank Chief Sees Basel III Capital Rules Deal This Week
France Has Been A Key Hold-Out For Completing The Basel III Rules
12/04/2017
French central bank chief sees Basel III capital rules deal this week
While much of the Basel accord is already implemented and a final deal has been near several times, a deal this week would end years of effort to harmonize banking rules.
12/04/2017
Merger for chesham legal firm
The combined firm will have 225 staff in 20 teams based in Uxbridge, Chesham and Chorleywood, with a combined turnover of £20m.