04/15/2015
Deutsche Bank fined $8.4m by Dubai regulator
Those contraventions include misleading the DFSA, failures in DBDIFC's internal governance and systems and controls and in its client take-on and anti-money laundering processes.
Legal, Regulation & Compliance
04/15/2015
Cyprus Court Freezes Russian Billionaire Kerimov's Assets
A Cypriot court has ordered a freeze on assets belonging to Suleiman Kerimov over the Russian billionaire's dispute with fugitive and former politician Ashot Yegiazaryan
04/15/2015
UK regulator hits BNY Mellon with record fine
The Custody Rules are there to protect safe custody assets if a firm becomes insolvent and to ensure those assets can be returned to clients as quickly and easily as possible. Each regulated firm is required to ensure they have adequate systems, controls
04/15/2015
NAB staff sacked over UK scandal
NATIONAL Australia Bank has sacked staff involved in a UK scandal over the mis-selling of income protection products that resulted in a record STG20.7 million ($A40.12 million) fine.
04/14/2015
Ogier Guernsey advises on £5.6 billion acquisition of Friends Life by Aviva
Ogier Guernsey has advised Friends Life Group Limited, a London-listed Guernsey company, on its acquisition by Aviva plc, which has created the UK's largest insurance, savings and asset management firm.
04/14/2015
UK regulator fines NAB's Clydesdale Bank $30 million
In addition, between May 2012 and June 2013, Clydesdale provided false information to the Financial Ombudsman Service in response to requests for evidence of the records Clydesdale held
04/14/2015
Asset managers under threat as regulation mounts
Asset managers are likely to find themselves buried under even more regulation in years to come after an International Monetary Fund paper raised questions about the sector’s systematic risks, experts have said.
04/14/2015
International law firm extends leading commodities practice with Partner hire
He has extensive experience of trading and investment transactions
04/14/2015
Law firm expands its private client team
She will lead the International Estate Planning across our team, which is a growing part of our portfolio.
04/13/2015
Finding the IBOR That Fits Your Institution’s Needs
In searching for an Investment Book of Record (IBOR), financial institutions (FIs) need a solution built to address the need to record, process and distribute investment data in the different views required by stakeholders.
04/13/2015
Alleged 'Nazi' Android FBI Ransomware Mastermind Arrested In Russia
Four other suspects thought to be members of the cybercriminal gang, who were said to have a penchant for Nazi iconography, were also detained.
04/13/2015
Debevoise Advises Exponent on £1 Billion Fund
The fund will continue Exponent's investment strategy of investing in UK-headquartered businesses operating in the upper middle-market. It will target companies with enterprise values between £75 million and £350 million which operate in
04/10/2015
ESMA accused of not understanding fund management
The European securities regulator's latest draft proposals over the issue of paying for broker research fail to grasp how managers make investment decisions, a forum hears
04/10/2015
One of Britain's biggest lawsuit funders is sold off
Loss-making Therium is backing an investor dispute with Lloyds Banking Group
04/10/2015
'It's only a bit of fraud, I'm not a murderer,' moans £112k conman
Grandfather Craig Tovey, 53, is jailed for two years after impersonating legitimate bank account holders in scam
04/10/2015
Deutsche Bank faces record $1.5bn Libor fine
Deutsche Bank is set to be hit with a fine worth more than $1.5bn(£1.02bn) in what would be the biggest penalty imposed for manipulating Libor
04/10/2015
Moscow court rules Bank of Scotland employee to be held in custody
His house arrest was extended in absentia.
04/09/2015
New rules ensuring 'disguised' investment management fees will be taxed come into force
Rules designed to ensure that investment managers pay income tax on certain fees
04/09/2015
Constructive notice of fraud for banks
The assets in Papadimitriou were the proceeds of a sale of antiques which had been misappropriated by a Mr Symes.
04/09/2015
Dentons US and McKenna Long to Combine
On the Heels of Dentons' Historic Combination in China, US Merger Brings Clients of Both Firms Advantages in North America and Around the Globe