12/15/2017
Dutch Unit Of Russia’s Alfa Bank Raided In Money Laundering Inquiry
Amsterdam Trade Bank is suspected of violating anti-money laundering laws by withholding information on “unusual transactions” made by clients
Legal, Regulation & Compliance
12/14/2017
FCA and PRA consultations on extension of SMCR
The FCA and PRA have published consultations relating to the extension of the Senior Managers and Certification Regime (SMCR). The date for the implementation of the new rules will be announced and set by HM Treasury (HMT) in due course.
12/14/2017
Private investments in Cyprus – a bright future
This has restored Cyprus's reputation among private investors as an investment hub that offers a vast array of opportunities.
12/14/2017
Ogier Jersey and BVI teams advise on £95.5 million Bristol real estate deal
The investors are advised by Knight Frank Investment Management, and Ogier worked with lead counsel Ashurst.
12/14/2017
Funds tsar forced to say sorry over attack on City
Industry complains over outspoken criticism of hidden costs
12/14/2017
Rise of the specialist law firm
The combination of advancing technology and seismic shifts in the legal market has seen the growth of niche law firms across the legal sector, including here in the North East.
12/13/2017
Herbert Smith Freehills - Financial regulation update
PRA policy statement on Pillar 2A capital requirements and disclosure
12/13/2017
United kingdom FSR insights 2018 outlook
This is welcome news for firms who are focussing on finalising and implementing new internal processes.
12/13/2017
Initial Coin Offerings: A Look to 2018
In addition, the SEC noted that the exchanges upon which tokens are traded in the secondary market would have to be registered with the SEC
12/13/2017
£9.1 million of fraud prevented in Banking Protocol's first year
The Post Office is also part of the Banking Protocol.
12/13/2017
English high court confirms that sharia non compliance will not affect the enforceability of an english law agreement in an islamic finance structure
The claimant has applied to the Court of Appeal for permission to appeal.
12/13/2017
Fraudster given 400 extra days in prison
All money recovered from Mr Peters will be used to compensate the victims of his crimes.
12/13/2017
JERSEY: Substantial Comfort for Fund Managers
There are very few other jurisdictions which can compete with that sort of depth and breadth of alternative fund experience and capability.
12/13/2017
PSD2: new security guidelines for businesses in the payments market finalised
Officially the guidelines will apply from 13 January 2018
12/13/2017
ECB to keep oversight of France's Credit Mutuel after court win
Credit Mutuel Arkea said in a statement it contested the interpretation of the European law and it would appeal.
12/12/2017
Tax firm negligent for not warning about risks of avoidance scheme
Barker argued that a reasonably careful firm, with the expertise it claimed to have, should have warned him of the risks associated with the scheme and the chance that his family members would be excluded from the benefits.
12/12/2017
UBS leads MiFID II data blockchain project with five partners
Under the new regulatory framework, every institution is expected to have an individual LEI
12/12/2017
Six guilty in relation to £2.7m boiler room scam: FCA
Due to reporting restrictions the defendants cannot yet be named.
12/12/2017
FCA slammed for failings linked to passporting Cyprus adviser
Townsend also criticised a lack of openness in a decision letter from the FCA
12/12/2017
Herbert Smith Freehills - Financial regulation update
FCA future approach to competition and authorisation