08/15/2016
Scotland has become a money-laundering factory for Soviet criminal gun-runners
Now Mafia monitoring group CRiME has warned that Scotland has become a money-laundering factory for criminal gun-runners hiding behind SLPs.
Legal, Regulation & Compliance
08/15/2016
UK regulator delays publishing findings of asset management review
FCA pushes back publication of the findings of its investigation into the asset management industry
08/15/2016
Charity regulator defends role after scandals
Charity Commission chairman says trustees should have been alert to bad practices
08/15/2016
SMR: what do financial institutions need to know? Neil Vernon, CTO at Gresham
On March 7th, one of the most important and controversial financial regimes since 2008 came into force – The Senior Managers Regime (SMR).
08/15/2016
JFSC signs MoU with Liechtenstein’s Financial Market Authority
The JFSC has MoUs (either on a bilateral or multilateral basis) with regulators in over 90 countries.
08/14/2016
Curaçao, St. Maarten have Dijsselbloem concerned
The Dutch Caribbean countries are primarily responsible for their own affairs and intervention by The Hague is only possible when there is insufficient redress.
08/12/2016
Acquiring a UK Business: key legal issues for US purchasers - Withers
The devaluation of sterling has resulted in some of our US clients exploring acquisition opportunities in sectors where they perceive value
08/12/2016
How ambitious millennial interns are taking over London's banks and law firms
With the execs off sunning themselves, ambitious millennials are running the show at London’s banks and law firms this summer.
08/12/2016
Funds - Ireland - Quarterly Update Q2 - Maples and Calder
April - June 2016
08/12/2016
King & Wood Mallesons holds off on profit distributions following recapitalisation vote
This should be viewed in the context of the recent announcement made with regards to the recapitalisation of the firm and a tax bill which was payable at the end of July.
08/11/2016
British Banker Back In Court Over Hong Kong Double Murder
No details of the hearing, which organised aspects of the trial, can be reported at this stage due to restrictions imposed by the court.
08/11/2016
FCA policy statement on increasing transparency and engagement at renewal in general insurance markets
The FCA has published a policy statement (PS16/21).
08/11/2016
Poland Starts Work on Toughening Banks’ Swiss-Franc Burden
Stocks and the Polish currency rallied on the day the proposal was unveiled as investors bet the solution will be less costly than assumed under an earlier plan.
08/11/2016
Consultation on ‘Code of Conduct’ for Isle of Man Insurance Companies
The MIA recognises the need for an insurance regulatory framework which meets relevant international standards but which is also sufficiently proportionate to allow our members to continue to attract business.
08/11/2016
A new era of entrepreneurs? by Dr Stuart Thomson, Head of Public Affairs, Bircham Dyson Bell
Certainly no one in the business community is talking the economy down and they are up for the fight that the Brexit result has delivered. However, entrepreneurs are concerned about the future.
08/11/2016
UK international and cross-border arbitration rules face post-Brexit shake-up
As it stands, law firm Baker Botts has stressed to Financial Director, the law that matters is the Brussels I Regulation
08/11/2016
App-only bank Mondo just got a banking licence
Mondo aims to create a digital-only bank for the mobile generation that offers things like instant notifications of transactions and balances.
08/11/2016
UK's biggest rogue trader on the drive to make profits at any cost at the heart of banking
He was found guilty of two counts of fraud in 2012 at Southwark Crown Court and sentenced to seven years in prison.
08/10/2016
Qumu Gains Award-Winning Law Firm as a Customer
The Qumu platform will streamline the creation, management and distribution of video content to employees and clients.
08/10/2016
Bank of Russia set to expand its efforts to mop up liquidity glut
As the second year of deficit spending floods the country’s financial system with cash, the inflows are weaning lenders off central bank funding.