09/21/2016
U.K.’s May, at U.N., Seeks to Assure Allies Over ‘Brexit’
New British leader stresses need for global cooperation
Legal, Regulation & Compliance
09/21/2016
Tony Blair shuts down advisory firm that made him millions
Tony Blair Associates courted controversy by taking clients such as oil groups and Kazakh government
09/21/2016
Apple ‘Picked on’ by Europe, Irish Billionaire O’Brien Says
The final amount payable could be as much as $19 billion, the largest tax penalty in a three-year EU campaign against corporate tax avoidance.
09/21/2016
Data on UK firms using passports for business in Europe
The House of Commons Treasury Select Committee has published a letter from Andrew Bailey, Chief Executive of the FCA, to Andrew Tyrie, Chairman of the Committee, regarding the number of UK authorised firms that currently hold single market passports. The
09/21/2016
Revealed: How Brits are losing millions to UK’s biggest scam while the government stands by
While other countries have banned this business, a regulatory loophole has left UK victims completely unprotected – despite police saying it is now the biggest fraud in Britain.
09/21/2016
National law-firm advises on first deal for Foresight Regional Investment Fund
This deal will, no doubt, ensure that Euxton Group goes on to even greater success, regionally and beyond.'
09/20/2016
Judge backs Coutts in claim over unsuitable advice
The case against Coutts was brought by Les and Janet O’Hare, a couple from Warrington
09/20/2016
Law firms with Belfast operations could set up new offices in Dublin
Northern Ireland now has an international and comprehensive legal cluster which includes top firms
09/20/2016
Appleby retains place as Isle of Man's highest-rated law firm
The Legal 500 UK guide confirms Tier 1 status in seven practice areas for Appleby Isle of Man
09/20/2016
KPMG to set up India support bench for UK legal team
The accountancy giant is recruiting lawyers with 7-10 years’ post qualification experience, preferably including time with another professional services firm or other in-house role.
09/20/2016
FCA orders payday lender to hand back £34m
The FCA imposed a cap last year on the amount that short-term credit providers can charge, which it estimated at the time would wipe out all but a handful of payday lenders.
09/20/2016
Investigate companies for tax dodging
Apple has more than $215 billion in profits hidden offshore on which it could owe the American people more than $60 billion in taxes.
09/20/2016
French central banker urges presidential candidates to heed deficit targets
The European Commission has been criticized for not punishing countries that overrun EU budget and debt targets, after it spared Spain and Portugal this summer despite their excessive budget deficits.
09/20/2016
HM Treasury policy paper on UK compliance with PAD
HM Treasury (HMT) has published a policy paper on how the UK has met its responsibilities under the EU Payment Accounts Directive (PAD).
09/19/2016
Earnings secrecy to end in junk-bond market under EU rules
Companies must distribute price-sensitive information, including results, to meet toughened inside-trading rules, EMSA said
09/19/2016
Britain reportedly faces multi-million pound fines if trade talks are opened before quitting the EU
The government is warned the EU could punish the UK for talks at the World Trade Organisation, or bilateral negotiations.
09/19/2016
Russian court recovers $21.5 million from Cypriot offshore on request of Trust bank
This is not the first claim Trust Bank has filed against various offshore firms.
09/16/2016
Graft trial ends for French ex-minister 'rooted in fraud'
The story of the fraud, allegedly perpetrated between 1992 and 2013, reads like a cross between a cheap airport novel and an international financial crime manual.
09/16/2016
Europe Said to Threaten Revolt Over Bank Capital-Rule Revamp
The Basel Committee is racing to finish work on the post-crisis capital framework known as Basel III by the end of the year
09/16/2016
FCA update on aging population and financial services
The FCA intends to launch its Ageing Population Strategy in summer 2017.