03/28/2016
Russian investor, funds settle U.S. press release hacking case
Seven Defendants Agree to Pay Nearly $18 Million in Hacked News Release Scheme
Legal, Regulation & Compliance
03/28/2016
Elite syndicate in Revenue deal for 'aggressive' tax avoidance
Settlement means investors' names will not be published
03/28/2016
City wary of Chinese approaches as deals flounder
The watchdogs have powers to block a change of control for a bank that has large trading activities in the City.
03/28/2016
Must step up when EU door opens
Agriculture sector faces challenges as CETA looms
03/28/2016
EU mulls easing bank failure rules to align with global standards
The paper, dated this month and seen by Bloomberg, “explores possible options” for implementing the FSB rule in the EU and isn’t binding on the Brussels-based commission.
03/28/2016
US Treasury rules FBME ‘still a money laundering concern’
The CBC took over the operations of FBME in 2014 after the latter was named a “financial institution of primary money-laundering concern” FinCEN.
03/28/2016
Malta company served as main transit point for Costa Rican money-laundering operation
While the company is registered in Malta, Woodtree Equipment Ltd’s owners are based in the British Virgin Islands, according to filings with the Malta Financial Services Authority’s registry of companies.
03/28/2016
Russia considering sanctions against UK for facilitating tax evasion through Caribbean territories
Russia is blaming the United Kingdom for failing to end local legislation that allows companies with bearer shares to exist in the BVI and that allows non-UK nationals to form such entities.
03/28/2016
How The Royal Mint is Attempting to Redefine “Legal Tender” for Collector Coins
Royal Mint Refusal to Redeem Commemorative Coins at Face Value Calls Into Question Value of Modern Collector Issues from the UK
03/24/2016
Wafic Saïd sues Barclays over cutting ties
He is seeking an order under the Data Protection Act to force the bank to turn over any information it has that it relied on in its decision to sever its relationship with the 76-year-old Monaco resident and Conservative party donor.
03/24/2016
Credit Suisse CEO, Blindsided by Risk Buildup, Cuts Jobs
Since taking over in July, Thiam, 53, has pledged to focus on wealth management while shrinking the riskier securities businesses
03/24/2016
Bank of England: Don’t wipe out international banking
The Bank of England has been one of the leading regulators pushing for banks to raise bigger financial buffers to protect themselves against a financial downturn
03/24/2016
REGIS-TR enhances services for Swiss reporting requirements
REGIS-TR will provide market participants with a one-stop shop for all European regulatory reporting, including transaction, position and valuation reporting for FinfraG.
03/24/2016
'Flash Crash' Trader Sarao Loses Extradition Ruling in U.K. Court
The ruling comes nearly a year after his arrest at his parent’s house near London’s Heathrow Airport made headlines
03/24/2016
Flexibles Must Act to Reverse Outflows Europe's hard-hit strategic bonds need to cut fees
She adds that some funds should consider ditching their performance fee, even though this has been largely irrelevant given the losses.
03/23/2016
Banco Popolare, BPM expected to approve merger on Wednesday: source
Trading in shares of the two banks is suspended ahead of statements due after the market close.
03/23/2016
Recent changes to BVI legislation - Withers
The BVI's response to the UK government's call to the Overseas Territories for greater transparency in beneficial ownership has been incorporated in recent changes to BVI legislation.
03/23/2016
Credit Suisse, CIA-Funded Palantir to Target Rogue Bankers
The Zurich-based lender plans to expand Signac to monitor all employee behavior, catch breaches of conduct rules, and eventually offer the service to other banks.
03/23/2016
Danske Bank reported to police over anti-money laundering lapses
enmark's financial regulator has reported Danske Bank, the country's largest bank, to the police for violating Danish anti-money laundering rules.
03/23/2016
Launch of Ashurst Advance creates integrated platform for future innovation
This combination will bring significant advantage to clients by ensuring that work of the highest quality is delivered by the right people