08/16/2017
OneCoin Promoters Fined €2.6 Million by Italian Consumer Watchdog
The companies were sanctioned for utilizing pyramid scheme tactics and misleading investors through promotional materials and events.
Legal, Regulation & Compliance
08/16/2017
FRC consults on non-financial reporting guidance
High quality reporting enhances transparency and trust in business.
08/16/2017
PwC Fined $6.6 Million in Largest-Ever Sanction From Regulator
The admitted acts of Misconduct include failures to obtain sufficient appropriate audit evidence and failures to exercise sufficient professional scepticism.
08/16/2017
The UK company: a tax-efficient business vehicle for international investors
This article is the third of a series of articles that examines tax aspects of the UK company which make it an attractive international business company, or “IBC”.
08/16/2017
UK banks behind schedule in post-Brexit preparations - ECB
Frankly, the banks are not as far advanced as we would like them to be,” Sabine Lautenschlaeger, who represents the ECB’s supervisory arm on the board, said in a newsletter article.
08/15/2017
Do Mifid II and the GDPR have conflicting aims?
Mifid II brings a much higher set of expectations around conversation monitoring than previous legislation.
08/15/2017
FOS pension transfer and Sipp complaints rise
Half of the cases that made it through to an Ombudsman ruling were upheld.
08/15/2017
Wrongful Arrests Cops probing ‘Putney Bridge jogger’ reveal a SECOND man has been wrongly arrested after millionaire cleared of pusher crime hits out at police
Eric Bellquist says his wrongful arrest has left him 'very upset'
08/15/2017
UK wine investors get scammed
It is the latest in a series of fine wine investment scams uncovered in the UK in recent years.
08/15/2017
UK Trust Register - Withers
UK Regulations set out to implement the UK register of trusts were published in draft earlier in 2017 and came into force on 26 June 2017.
08/15/2017
British cybersecurity expert pleads not guilty to US charges
Hutchins is required to wear a GPS monitor, but Duffin said the court will consider removing that requirement once Hutchins has found a home in Los Angeles and is complying with the terms of his bond.
08/15/2017
HMRC is taking action after the Rangers EBT ruling: issues facing trustees
The issues that affected trustees should now consider are as follows.
08/15/2017
2017 non-dom changes confirmed: how can trustees and individuals prepare?
On 13 July 2017, the government announced that it expects to introduce a Finance Bill as soon as possible after the summer recess, re-enacting the withdrawn-provisions.
08/15/2017
BVI liquidators battle lawyers over legal costs in London court
The liquidators of Peak accepted that the Bank Monies were secured by the Candey’s charge
08/15/2017
Failed Italian Banks Flunked Capital Tests, ECB Says
The move was approved days later by the European Commission.
08/14/2017
Europe’s financial watchdog pressed to investigate asset manager fees
Ireland’s central bank finds evidence of unjustifiably high charges and confusing information
08/14/2017
Tudor and Brevan Howard abandon Mifid
Two large hedge fund companies have dropped their licences for the EU regulation
08/14/2017
Germany seeks arrest of Swiss secret service members
The Swiss financial sector was rocked by a series of data leaks to Germany.
08/14/2017
PPI-claims boss probed over £11.6m payout
HMRC is scaling up its inquiries into so-called disguised remuneration schemes.
08/14/2017
Central Bank of Ireland urges ESMA to probe asset managers' fee disclosures
Following own review