05/18/2016
Fears scammers could target 'master trusts'
The government will provide new protection to savers in master trust pensions to stop them falling victim to scams.
Legal, Regulation & Compliance
05/17/2016
Property ownership transparency measures may not catch ultimate beneficial owners, says expert
Plans to force disclosure of the beneficial owners of foreign companies that hold or wish to buy UK property, or to bid for government contracts.
05/17/2016
FEMR implementation report delayed by Herbert smith freehills
The Chairs of the Fair and Effective Markets Review (FEMR) have announced that they will provide a full implementation report to the Chancellor of the Exchequer and the Governor of the Bank of England (BoE) in July 2016.
05/17/2016
Why corporate law may be making Scotland a soft touch for international criminals
Their headquarters, as our sister paper, The Sunday Herald, revealed, turned out to be modest homes in schemes in Edinburgh or Inverness.
05/17/2016
Competition watchdog pushes retail banking reforms
As a result, nearly 60% of personal customers have stayed with the same bank for over 10 years and over 90% of SMEs get their business loans from the bank where they have their current account.
05/16/2016
A watchdog with the ‘right touch’ sounds ominously like one with a ‘light touch’
Regulatory capture is often a prelude to catastrophe, as we saw when the banking industry collapsed in 2008.
05/16/2016
Authorities put Scotland tax haven industry in the crosshairs as concerns rise on Eastern European corruption links
Major Scottish law firms are engaged in the business of creating thousands of shell companies for the eastern European market.
05/16/2016
Accountant loses £3million court battle with his sister over fund their father set up to save them from a second Holocaust
Alan Hamilton was furious his sister Carolyn was given more money
05/16/2016
Nomura Blames Biggest-Ever Loss on ‘Incompetent’ Bond Trader
A Nomura Holdings Inc. trader who failed to tell his bosses about the deteriorating performance of a client that helped cause the bank’s biggest-ever trading loss was "at best incompetent or at worst deceitful,”
05/16/2016
Video Reveals Truth Behind Viral Photos Of Knightsbridge Car Sprayed With 'Cheater' Graffiti
Photographs of a vandalised car went viral earlier this month , as it seemed a scorned lover had sprayed a Revere Range Rover with red paint as an act of revenge.
05/16/2016
BHS: How £1 deal led to £8MILLION fees bonanza for City advisers behind takeover
The administrators Duff & Phelps are now close to finding a new buyer with an announcement expected as early as Wednesday.
05/16/2016
Ireland's first US whistleblower millionaire: is it only a matter of time?
We don't pay whistleblowers for helping regulators - but the SEC will pay serious money for info on US corporate wrongdoing
05/16/2016
Norway Wealth Fund Will Seek to Join Class Action Against VW
The fund, which according to data compiled by Bloomberg owns 1.64 percent in Volkswagen, said it’s acting “to safeguard” its holding in the carmaker.
05/16/2016
London hedge fund faces £140m fine over corrupt payments
Investigators are also reportedly considering charges against the company’s former London boss Michael Cohen, who headed the office from the late 1990s to 2013, and Vanja Baros, Och-Ziff’s former Africa director.
05/16/2016
MFSA Warns that Alpha Capital Markets is Unauthorised in Malta
The company has allegedly been misleading investors by pretending to be regulated.
05/16/2016
China asks Britain for advice on creating financial super-regulator
The UK Treasury has lobbied hard to become China's partner of choice on a range of financial issue
05/16/2016
Proskauer Makes Real Estate Push In London With DLA Hire
Proskauer Rose has made a strategic play to capture work in London's burgeoning real estate market with the hire of DLA Piper's global co-chair of hospitality and leisure, Joanne Owen.
05/15/2016
Cyprus Needs An Anti-Money Laundering Champion
Back in 2012, organisational change and leadership expert Marina Theodotou and I co-authored a report for PwC entitled ‘Professional services: driving growth and jobs in Cyprus’.
05/13/2016
Former DeutscheBank broker sentenced to 4½ years for insider trading
Dodgson’s is the longest jail term ever imposed for insider trading in the UK topping the four years that the former head of Blue Index, a brokerage specialising in contracts-for-difference, received for the crime in 2012.
05/13/2016
Hargreaves Lansdown Founder Named in Panama Papers
One of the founders of Hargreaves Lansdown has been named in a leaked database of major offshore investors.