12/23/2018
Beneficial ownership register to be made public by 2023
The U.K. chose the year 2023 because it was the date set by a previous government under David Cameron for the worldwide sharing of beneficial ownership information.
Legal,Regulation,Tax & Compliance
12/21/2018
Higgs & Johnson Lauded as Leading Firm by Legal 500 Caribbean
The firm received the highest ranking (Tier 1) and was recognized for a number of its practice areas including commercial transactions, real estate and development, litigation and private client and wealth management.
12/21/2018
Swiss Government Says Existing Finance Laws Can Apply to Crypto
The Federal Council is a seven-member body that serves as the executive branch of the Swiss national government.
12/21/2018
Statement on treatment of Gibraltar in our Handbook after Brexit
As part of our Brexit preparations, we will make a rule to preserve the existing Handbook treatment in respect of Gibraltar in the post exit day Handbook.
12/21/2018
UK Government note clarifies “no deal” and data protection
The note confirms that separate draft regulations and more detailed guidance will be published in the next few weeks but, in the meantime, it clarifies at a high level a number of key issues for organisations both within the UK and outside but doing busin
12/21/2018
City banker found guilty of murdering woman with pestle
Zahid Naseem bludgeoned Christina Abbotts to death in West Sussex attack
12/21/2018
The golden opportunity created by the post-financial crisis compliance boom
But equally, there has been a substantial body of what many would classify as new or expanded regulation which may have followed after the crisis in time, but has not truly been a response to it.
12/21/2018
Merrill to Pay $6 Mln for Favoring ‘Insiders’ with IPO Shares
IPOs Included Facebook, Inc., General Motors Co., LinkedIn Corp., and Twitter Inc.
12/21/2018
Julius Baer sells its domestic business in the Netherlands
In its strategic push to focus on core markets, Julius Baer has agreed to sell its domestic business in the Netherlands to Wealth Management Partners N.V.
12/20/2018
Diversity in financial services and the challenge to be met by Christopher Woolard, FCA
Speech by Christopher Woolard, Executive Director of Strategy and Competition at the FCA, delivered at Ropemaker Place, London.
12/20/2018
Santander fined £33m for failing to pass on inheritances
The Financial Conduct Authority has fined Santander £32,817,800 for failing to effectively process the accounts and investments of deceased customers.
12/20/2018
ESMA tells firms to provide clients with information on the implications of Brexit test
The statement is addressed to UK firms that provide services in EU27 Member States, as well as EU27 firms that deal with clients based in the UK.
12/20/2018
High-flying investment bankers, reclusive billionaires, and 'The Wolf of Wall Street': a guide to the major players in Malaysia's 1MDB scandal
A Malaysia Development Berhad billboard at the flagship Tun Razak Exchange development in Kuala Lumpur.
12/20/2018
Ukraine's central bank files Swiss court claim against PrivatBank's former owner
It said it had failed to reach an out-of-court agreement with the second wealthiest person in Ukraine, who is being asked to repay 6.64 billion hryvnias
12/19/2018
Singapore central bank bans former Goldman Sachs' banker for life
This follows Mr Leissner’s admission to criminal charges brought against him by the United States Department of Justice.
12/18/2018
TMF Group to acquire fund administration business in Channel Islands from State Street
The acquisition is a key milestone in TMF Group’s drive to further grow its PERE fund administration business.
12/17/2018
French luxury dynasty in court battle over 'Mona Lisa' of Ferraris
My brother and sister have never accepted that (my father) gave this car to me
12/17/2018
A Billionaire Hit by Sanctions Makes Life Hard for Nordic Banks
The billionaire is suing Svenska Handelsbanken AB for refusing to accept cross-border transactions
12/17/2018
UK govt to stop use of illicit money in property purchases by foreigners
The phenomenon has turned the real estate markets of North American and European cities into the savings accounts of wealthy foreigners - some of whom face allegations of corruption or crime back home.
12/17/2018
Guernsey regulator clarifies collateral rules for ILS cells
The regulator, the Guernsey Financial Services Commission (GFSC), has clarified a number of issues around the authorisation process for ILS cells following talks with the Guernsey International Insurance Association.