Regulatory Round-Up

 

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Latest News

FCA Makes New Rules

FCA’s latest Handbook Notice confirms it has made rules amending a variety of regulations that have been discussed recently.

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Government Makes CFA Guidance

The Facilitation of Tax Evasion Offences (Guidance about Prevention) Regulations 2017 were laid before Parliament…

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OFSI Publishes Quick Guide to Sanctions

OFSI has published a quick guide to UK business’ obligations under financial sanctions requirements…

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Brussels Writes to Malta Asking About Missed Deadline for Anti-Money Laundering Directive

The European Commission has sent a letter to the Maltese government asking why it failed to transpose the fourth anti-money laundering directive into law…

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PSC Reporting to Companies House Speeds Up

British companies and limited liability partnerships must now notify the registrar at Companies House of changes to their lists of.…

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OFSI Publishes Quick Guide to Sanctions

OFSI has published a quick guide to UK business’ obligations under financial sanctions requirements…

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Treasury Targets Chinese and Russian Entities and Individuals Supporting the North Korean Regime

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated 10 entities and six individuals in response……

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FCA Warns Over MiFID 2 Deadlines

FCA is pleased that it has received and determined several applications under MiFID 2 already. However…

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ESMA Updates MiFID 2 FAQs

ESMA has updated its FAQs on MiFID 2 and MiFIR market structures. The updates relate to access…

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The Government Calls for Views on GDPR Derogations

The UK Government has launched a Call for Views on the derogations (exemptions) from the EU General Data Protection Regulation (GDPR), which comes into force on 25 May 2018…

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Draft GDPR Guidance Receives a Significant Response

The Information Commissioner’s Office (ICO) recently announced that it has received a large number of responses to its consultation on the…

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Will Ex-President be Sent Home to Panama to Face Charges? His Fate up to Miami Judge

A Miami federal judge signaled Thursday that his mind is open about whether to send a former Panamanian president back home to face charges that he illegally spied on enemies and allies alike…

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The FCA Investigation of Barclays’ Why did it Expose an Informant

The UK ‘s Financial Conduct Authority and Prudential Regulation Authority are investigating Barclays to see whether…

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Co-Chair’s Statement- 24th Plenary of the Egmont Group of Financial Intelligence Units

The 24th Plenary of the Egmont Group of Financial Intelligence Units (FIUs) was held in Macao, SAR from 2-7 July 2017……

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Nigeria Risks Imminent Expulsion from Egmont Group

It is news that the Nigerian Financial Intelligence Unit, NFIU, has been suspended from the activities of the…

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Six Commonwealth Bank ATM Deals may be Linked to Terrorism Funding, Austrac Says

Commonwealth Bank’s intelligent deposit ATMs may have been used on six separate occasions to finance terrorism…

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Unocoin Hits a Snag, Users Complain of Unauthorised Bitcoin Transfers

Bengaluru-based Bitcoin startup Unocoin has hit a snag after users complained of unauthorised transactions…

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Government Makes CFA Guidance

The Facilitation of Tax Evasion Offences (Guidance about Prevention) Regulations 2017 were laid before Parliament…

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LLoyd’s Sets Out CFA Expectations

Lloyd’s has published a market bulletin on the Criminal Finances Act, focusing on its expectations…

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Lords Publishes Brexit FS Evidence

The House of Lords Select Committee on the EU has published the uncorrected oral evidence of its hearing…

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Treasury Committee Letter to Chancellor on Effect of Brexit on Insurance Contracts

The Treasury Committee has published a letter written to the Chancellor of the Exchequer highlighting…

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Scam and Money Laundering puts Former Wells Fargo Manager in Jail

A California man was sentenced to prison on Aug. 21 for what the Department of Justice says was his role as the…

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Detecting Money Laundering Using Unsupervised Machine Learning

In an era of rising regulatory expectations and associated costs, firms are keen to investigate suspicious activity…

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