Jun 30, 2020 More time needed: SFO granted another extension to seize London properties By Neill Blundell James Reid Last Friday the Serious Fraud Office (SFO) was granted a further extension in its attempt to seize UK properties and cash worth...
Jun 25, 2020 Deferral of DAC6 regime: UK on board By Macfarlanes The Directive on Administrative Cooperation, or DAC6 as it is commonly known, has been causing a number of headaches in the tax world....
Jun 25, 2020 Tax and the green recovery from Covid-19 By Macfarlanes As the country begins to emerge from Covid-19 induced lockdown and businesses prepare to reopen, tax remains a hot topic. The Institute...
Jun 24, 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,...
Jun 24, 2020 The Council of the EU calls for greater financial crime powers By Neill Blundell Francis Bond The Council of the European Union (the Council) has called for a series of cross-continent actions designed to tackle financial crime....
Jun 19, 2020 U-Double-No: the NCA has been denied the chance to appeal their first UWO defeat By Neill Blundell 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...
Jun 18, 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...
Jun 18, 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...
Jun 18, 2020 AML enforcement: the FCA impose a significant fine on Commerzbank for AML failings By Neill Blundell Max Hobbs Commerzbank has been fined £37,805,400 for anti-money laundering failings by the Financial Conduct Authority (FCA), which yesterday...
Jun 17, 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...
Jun 17, 2020 Roadmap to Recovery – what next for the construction industry? By Alexander Crockford The Construction Leadership Council’s (CLC) Covid-19 Taskforce has released a Roadmap to Recovery outlining its strategy to drive the...
Jun 15, 2020 Under the spotlight: EU action against money laundering in the banking sector By Neill Blundell 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...
Jun 12, 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...
Jun 12, 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...
Jun 11, 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...
Jun 10, 2020 Who knew? Company directors may soon be jointly liable for furlough fraud By Neill Blundell Max Hobbs Last week, HMRC announced plans to penalise company directors who intentionally breach the rules of the UK Government’s furlough scheme...