04/19/2021
ABN Amro to settle money laundering probe for $574 million
ABN AMRO will continue to make every effort to fulfil its role as gatekeeper.
Legal,Regulation,Tax & Compliance
04/19/2021
Credit Suisse Sued in U.S. Over Recent Botches
Credit Suisse is grappling with the fallout from the $10.1 billion shutdown of Greensill supply chain finance funds and a $4.7 billion loss booked from the downfall of Bill Hwang’s hedge fund-style family office Archegos.
04/19/2021
Swiss Crimefighter Wins U.N. Policy Role
Thelesklaf later criticized the alpine nation as ineffectual at combating the scale and variety of criminal money that is flowing into Swiss banks.
04/16/2021
UK tax compliance and enforcement for wealthy individuals
Cases are chosen for the programme if there is a significant amount of tax at risk and it is thought that compliance interventions by the HRWP will add value.
04/16/2021
Post _ Brexit Disputes With UK Parties - Continued Uncertainty As Decision On Lugano Awaited
For Irish entities dealing with UK counterparties, issues of dispute resolution may be more complex as a result.
04/16/2021
HSBC wins London court fight with liquidators of bank owned by Allen Stanford
Liquidators of Stanford International Bank, which was incorporated in Antigua, complained that HSBC bosses should have been quicker to freeze Stanford International accounts.
04/16/2021
Brexit: the impact of new immigration rules on English football
Points are based on a variety of factors including: number of international appearances, the rank of the selling club, and the quality of the league from which the player will be transferred.
04/15/2021
Joint PRA and FCA Statement on the FSB Peer Review on remuneration
The Financial Stability Board published its report on the Peer Review of the United Kingdom.
04/15/2021
Regulating the UK as a global financial centre
Speech delivered by Nausicaa Delfas, Executive Director of International, Interim Chief Operating Officer and Executive Director of International, at City & Financial Global's Future of UK Financial Services Regulation Virtual Summit.
04/15/2021
Self regulatory organisation VQF hunts for new CEO
VQF is still authorised as an SRO to regulate financial intermediaries in the parabanking sector who have to abide to the AMLA, but not to FinIA and FinSA.
04/15/2021
Landlords warned to tread carefully with tax rules on holiday lets
It has to be let on a commercial basis with a view to making a profit – letting to family and friends at reduced rates does not count.
04/14/2021
VP Bank appoints CEO of VP Bank Asia
With more than twenty years of experience in international banking gained in Hong Kong, Singapore and Switzerland, Pamela is a proven and well-respected leader in the Asian region and beyond, with an excellent track record in the family office and interme
04/14/2021
Swiss money laundering probe eyes Lebanon central bank chief: report
Contacted by AFP, the Swiss attorney general's office confirmed Tuesday that its aggravated money laundering probe involving Lebanon's central bank was ongoing, but refrained from further comment.
04/14/2021
MAS Imposes Composition Penalty of S$1 million on Bank J. Safra Sarasin
The penalty amount took into consideration BJS’s remediation actions to address deficiencies that were identified by MAS.
04/14/2021
AML systems and controls – an ever-increasing area of focus
Mr Steward addressed how seriously the FCA takes this crucial area of regulatory focus and reiterated the requirement for firms to have in place systems and controls that are purposeful and efficient in managing financial crime risk.
04/13/2021
Entry into force of double taxation agreements with Brazil and Saudi Arabia
The agreement between the Swiss Federal Council and the Government of the Kingdom of Saudi Arabia for the avoidance of double taxation with respect to taxes on income and capital entered into force on 1 April 2021.
04/13/2021
The war against money-laundering is being lost
The global system for financial crime is hugely expensive and largely ineffective
04/13/2021
Pandemic sees clients delay decision making
The research, commissioned by Octopus Investments and conducted by VouchedFor1, revealed that six in ten (61%) advisers had clients who delayed financial decisions due to the pandemic.
04/13/2021
Collapse of Jersey-based Football Index faces new UK probe
A government source was quoted as saying that "something appears to have gone very wrong here
04/13/2021
Cyprus Launches New Registry that Identifies Company Owners
The plan included the establishment of the UBO registry - an already existing obligation under the EU’s 4th anti-money laundering directive.