30 Jun, 2020 More time needed: SFO granted another extension to seize London properties By James Reid Last Friday the Serious Fraud Office (SFO) was granted a further extension in its attempt to seize UK properties and cash worth...
24 Jun, 2020 FCA powers for LIBOR transition: firms beware By Tim Plews Yesterday, the Chancellor made various statements on financial regulation in the context of the forthcoming Financial Services Bill,...
24 Jun, 2020 The Council of the EU calls for greater financial crime powers By Francis Bond The Council of the European Union (the Council) has called for a series of cross-continent actions designed to tackle financial crime....
19 Jun, 2020 U-Double-No: the NCA has been denied the chance to appeal their first UWO defeat By Max Hobbs In April this year, we commented on the first setback by the National Crime Agency (NCA) in their use of unexplained wealth orders...
18 Jun, 2020 Happy anniversary, EMIR Refit – a reminder to calculate the AANA of your OTC derivatives transactions By Edward Karsten Along with the planned changes to EMIR trade reporting which came into force on 18 June 2020, entities that previously calculated (or...
18 Jun, 2020 Russian courts and the exclusive jurisdiction over sanctions related disputes By Nikolas Ireland Francis Bond On 19 June 2020, amendments to the Arbitrazh Procedure Code come into effect as a result of a new Russian Federal Law No. 171-FZ - known...
18 Jun, 2020 AML enforcement: the FCA impose a significant fine on Commerzbank for AML failings By Max Hobbs Commerzbank has been fined £37,805,400 for anti-money laundering failings by the Financial Conduct Authority (FCA), which yesterday...
17 Jun, 2020 Green shoots of ESG-linked lending appearing in fund financing By Rachel Richardson Substantial developments towards environmental, social and governance (ESG) principles have been incorporated into all types of financial...
17 Jun, 2020 Roadmap to Recovery – what next for the construction industry? By Alex Crockford The Construction Leadership Council’s (CLC) Covid-19 Taskforce has released a Roadmap to Recovery outlining its strategy to drive the...
15 Jun, 2020 Under the spotlight: EU action against money laundering in the banking sector By Helen Harvey In the wake of a number of high-profile money laundering (ML) scandals in the banking sector, the European Court of Auditors (ECA) has...
12 Jun, 2020 Still friends? FCA launches investigation into Amigo Loans By Adam Caines Basra Marjan What has happened? The Financial Conduct Authority (FCA) has started an investigation into Amigo Loans (Amigo), a London Stock Exchange...
12 Jun, 2020 European Commission report: assessing AIFMD By Samuel Brooks Nine years since the adoption of the Alternative Investment Fund Managers Directive (the Directive), the European Commission (the...
11 Jun, 2020 ELTIF reform on the horizon? By Samuel Brooks Tiffany Cox The High Level Forum (HLF) on the Capital Markets Union (CMU) has issued its final report on the CMU, including a series of...
10 Jun, 2020 Who knew? Company directors may soon be jointly liable for furlough fraud By Max Hobbs Last week, HMRC announced plans to penalise company directors who intentionally breach the rules of the UK Government’s furlough scheme...
09 Jun, 2020 Case closed: Financial Reporting Council ends investigation into Tesco accountants By James Reid The Financial Reporting Council (FRC), the audit watchdog, has announced that it is dropping its investigation into several Tesco...
09 Jun, 2020 The future of the office By Cate Taylor The end of the office? A look at the office landscape after Covid-19 “I spend around £35m on property in a year. I would much rather...