The Federal Court in Western Australia has found that Theta Asset Management Ltd (In Liquidation) and its managing director Robert Marie repeatedly contravened the Corporations Act by authorising the issue of five defective product disclosure statements for the Sterling Income Trust.
The ICE Benchmark Administration (the IBA) is consulting interested parties about its intention to cease publishing the US$ version of the London Interbank Rate. US banking regulators and the UK's Financial Conduct Authority have responded.
A recent meeting of the European Union's finance ministers has given its blessing to plans for a unified direct anti-money-laundering regulator for reporting firms all over the EU. The aim is not, however, to abolish the national regulators.
The EU’s General Data Protection Regulation came into force two-and-a-half years ago, yet wealth managers’ travails with this incredibly wide-reaching, complex piece of legislation - and those emulating it internationally - are far from over. New research examines what the pressures are and why the industry must handle them.
The ICE Benchmark Administration (the IBA) is consulting interested parties about its intention to cease publishing the US$ version of the London Interbank Rate. US banking regulators and the UK's Financial Cond...
Regulatory requirements around data protection continue to be a huge headache for businesses and, in particular, ones like wealth managers for whom processing personal information is their lifeblood. Here, we de...
The European Regulation (EU) 2020/1503 of 7 October 2020 on European crowdfunding service providers for business, accompanied by the Directive (EU) 2020/1504 amending Directive 2014/65/EU on markets in financial...
The English High Court recently dismissed the National Crime Agency’s attempt to use unexplained wealth orders to seize homes in London, all of which were held by offshore structures. The case concerned the we...
In this episode we look at some deadlines that the FCA has extended because of the pandemic, the lessons to draw from some fines for bad money-laundering controls and two websites that the FCA has set up for the...
The Federal Court in Western Australia has found that Theta Asset Management Ltd (In Liquidation) and its managing director Robert Marie repeatedly contravened the Corporations Act by authorising the issue of fi...
A recent meeting of the European Union's finance ministers has given its blessing to plans for a unified direct anti-money-laundering regulator for reporting firms all over the EU. The aim is not, however, to ab...
The EU’s General Data Protection Regulation came into force two-and-a-half years ago, yet wealth managers’ travails with this incredibly wide-reaching, complex piece of legislation - and those emulating it ...
According to two activist charities, the appointment process of the commissioner and deputy commissioner of the South African Financial Sector Authority is shrouded under a veil of secrecy with no public partici...
The Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve Board are proposing to amend the recordkeeping and 'travel rule' regulations issued in accordance with the Bank Secrecy Act 1970. ...