05/31/2017
US Fed fines Deutsche Bank $41 mn for anti-money laundering
The actions were taken by the Board to address unsafe and unsound practices at the firm's domestic banking operations
Legal, Regulation & Compliance
05/30/2017
Herbert Smith Freehills - Banking litigation update
Welcome to our latest Banking Litigation update in which we highlight a number of the most important cases and developments affecting UK financial institutions over the last six months or so.
05/30/2017
New Isle of Man Enterprise Development Scheme deals completed
SPARK was appointed in March 2016 by the Isle of Man Government Department of Economic Development to run the Accelerator and Relocator elements of the £50 million Enterprise Development Scheme (EDS).
05/30/2017
You Can Run, But You Can’t Hide
Noncompliance could prove a costly mistake.
05/30/2017
Successful EBACE 2017 for Appleby
The Appleby contingent was among 13,000 business aviation professionals from more than 100 countries who attended.
05/30/2017
EU securities watchdog wants new powers post Brexit
It was responding to a European Commission consultation on whether changes are needed to financial supervision in the EU.
05/30/2017
German Authorities Target British Investor for Tax Evasion
Sanjay Shah, founder of the hedge fund Solo Capital, allegedly defrauded the Danish state of more than €1 billion. German prosecutors are on his trail.
05/30/2017
Herbert Smith Freehills - Financial regulation update
ESMA launches MAR reference data submission
05/30/2017
Isle of Man watchdog to review unregulated funds
He was responding to a question in the Isle of Man’s seat of government, the House of Keys, about the protection available for clients who invest in unauthorised schemes.
05/30/2017
Packaged Retail and Insurance-based Investment Products – FCA publishes Policy Statement
In this briefing we consider some of the key points of the PS and how they will affect firms within the scope of the PRIIPs Regulation.
05/29/2017
Oldest Russian management company declared bankrupt in Moscow
The court has found that there are indications of the organization’s bankruptcy
05/29/2017
Qatar and UK continue to count the cost of Barclays bailout
All were deemed to be vulnerable to the dramatic falls in asset values prompted by the collapse of US sub-prime real estate.
05/28/2017
The legal and accountancy firms in Wales expanding and creating new jobs
Eversheds Sutherland, Devonalds, Clarke Willmott, Kilsby Williams, JCP Solicitors, Blake Morgan and Greenaway Scott have positive news to share
05/26/2017
ESMA publishes updated AIFMD and UCITS Q&AS
The purpose of these Q&A documents is to promote common supervisory approaches and practices of both the AIFMD and the UCITS Directive and their implementing measures.
05/26/2017
Netherlands to redefine scope of dividend withholding tax act
The consultation document also proposes the introduction of a new anti-abuse rule in the context of the Dutch DWT exemption.
05/25/2017
Italian finance minister reassures over liquidity of troubled banks
Both lenders are at risk of being bailed in under EU rules
05/25/2017
Herbert Smith Freehills - Financial regulation update
FCA data bulletin - retail mediation
05/25/2017
Code of conduct unveiled for MiFID II research unbundling
Targets buy-side best practice
05/24/2017
Firm Targeting Nest Eggs of U.K. Expats Said to Face SEC Probe
About half of the salesmen in DeVere’s New York office have quit or been fired in recent weeks, they say.
05/24/2017
FCA secures eight confiscation orders totalling almost £2.2 million
The Central Criminal Court has made confiscation orders against the two final defendants who were convicted of offences following one of the FCA’s largest investigations into unauthorised activity.