07/22/2012
Majority of charity sector fraud 'going unreported'
It also questioned the effectiveness of the commission's investigations into fraud, adding that its efforts are limited to some extent by its budget.
Legal, Regulation & Compliance
07/22/2012
Finance practice hires put Irwin Mitchell in ABS driving seat
The business legal services division is a cornerstone of the firm’s growth plan (20 April 2011), which is to attract external investment and build up a £50m warchest.
07/22/2012
O’Melveny tightens Coller ties with $5.5bn fund closing
O’Melveny funds partner John Daghlian led the City team for the longstanding client on the fundraising, with the final closing announced last week.
07/22/2012
Seven more banks join FSA interest rate swaps review
The latest banks to agree to a review make up around 10 per cent of interest rate swap sales in the UK.
07/19/2012
Lombard Odier investigating alleged Libor links to staff member
Calls to Zrihen, who joined Lombard Odier in December 2010 as a member of the fixed income portfolio management team, were not picked up.
07/19/2012
MF Global to return £54m to clients
Richard Heis, the joint special administrator of MF Global UK, said: '[The] court hearing represents an important milestone in returning some £54 million of agreed client assets.'
07/19/2012
Banks file claims against Greek tycoon
Mr Lavrentiadis, who held stakes in chemicals, pharmaceuticals and media companies and a private bank that collapsed last year, is already being investigated by a Greek prosecutor for alleged criminal fraud, embezzlement and money-laundering. He has denie
07/19/2012
Italy: Milan prosecutor seeks ban on four banks for fraud
The prosecutor late Wednesday asked a Milan court to fine the banks 1.5 million euros each and asked they return their 72.5 million euros of illicit profit from the contracts.
07/19/2012
The London Stock Exchange-A Haven for Laundered Conflict Assets?
"AIM's lack of transparency means there is a black hole at the heart of its regulatory system," said Tricia Feeney, RAID's Executive Director.
07/19/2012
SFO Drops Investigation Into Two Suspects In Kaupthing Probe
Two men arrested in the Kaupthing probe are “no longer suspects and police bail is to be canceled,” the SFO said in a statement.
07/19/2012
FSA in bid to create rivals to offer more banking choice
The government wants more choice in banking which is dominated by the “big four” lenders, HSBC, Lloyds, Barclays and Royal Bank of Scotland.
07/19/2012
Ministers at odds over tax accord "loophole"
The current situation is only temporary, according to the Swiss minister
07/19/2012
WikiLeaks circumvents financial blockade with French bank account
Widmer-Schlumpf and her German counterpart Wolfgang Schäuble disagreed over whether the authorities of WikiLeaks has begun accepting donations through a French non-profit organization, as part of an attempt to circumvent a financial blockade from maj
07/19/2012
Credit Agricole says not accused of rate manipulation
The statement was issued in response to a Financial Times report that regulators were investigating Credit Agricole, HSBC, Deutsche Bank and Societe Generale for involvement in manipulating an interest rate that plays a key role in global markets.
07/18/2012
Global Investment Management Industry Continues To Face A Regulatory Avalanche Of Disparate Rules: KPMG Report
Observers, however, are beginning to see some consistency regarding the implementation of new regulations across the globe, with the U.S. and Europe setting the bar and Asia catching up.
07/18/2012
FSA issues warning over three more cloned firms
Regulator issues more warnings about firms posing as legitimate businesses, which could be used to operate fraudulent schemes.
07/18/2012
Milan Swaps Prosecutor Seeks Ban And Fines For UBS, JPMorgan
The prosecutor today asked a Milan court to fine the banks 1.5 million euros each and asked they return their 72.5 million euros of illicit profit from the contracts.
07/18/2012
Tax avoidance: HMRC could gain billions as court rules against 'artificial' scheme
The court ruled against a scheme promoted by PricewaterhouseCoopers, the accountancy firm, used by a businessman in a bid to avoid about £11m in tax.
07/17/2012
HSBC faces £640m fine for allegedly allowing drug gangs launder millions
A top executive at the bank sensationally quit yesterday in front of a US Senate hearing that exposed the scale of the scandal.
07/17/2012
FSA bans Carlisle adviser facing Aviva winding up order
Regulator acts over firm’s failure to pay fees and levies of more than £8,000.