Financial Services UK Archive » March, 2024

Financial Services UK - March, 2024

234 articles

• Feds Say Ex-OneCoin Atty Should Serve 'Substantial' Time
• Ex-Plastics Co. Manager Found Guilty Of Insider Dealing
• Insurers Must Face $10B Russia-Stranded Planes Suits In UK
• Developer Says Law Firm Flubbed FOS Appeal
• Traders' Loss Raises High Bar For Bankers To Clear Names
• EU Watchdogs To Relax On OTC Derivative Clearing Breaches
• NCA Logs 5% Decline In Suspicious Activity Reports Last Year
• UK Litigation Roundup: Here's What You Missed In London
• UK Signs Accounting Standards Deal With Australia
• Investors Told To Show Standing For £1.4B StanChart Claim
• Crowe Denies £5M Negligence Claim Over Audits Of Wine Co.
• Struggling Lender Amigo Raises Cash, Eyes Reverse Takeover
• Abrdn Property Plans Wind-Down After Merger Rejected
• UK To Nullify NDAs That Stop People Reporting Crimes
• No New Trial For Hedge Fund Boss In Forex Rigging Case
• Evidence On Ex-Mozambique Official Stays In $2B Fraud Suit
• Wedlake Bell Can't Get Early Exit From Trust Negligence Case
• StanChart Urges Court To Toss Part Of £1.4B Sanctions Suit
• BoE Finds Increasing Fear Of Financial Risk From AI
• Finance Pros Avoid Prison For £3M Mortgage Fraud
• BoE Says Action On LDI Has Boosted Financial Stability
• Swiss Watchdog Sets Out New Capital Rules For Banks
• Watchdog Aligns Accounting Rules In UK, Ireland With IFRS
• Payments Watchdog Launches 2nd Review Of ATM Coverage
• A Look At The Latest EU Alternative Investment Regulation
• UK Draft Pay Fraud Rules Open Tricky Legal Liabilities
• Ex-Barclays, Citi Traders Lose Interest Rate-Rigging Appeals
• UAE Fund Must Pay £7M As Judge Tosses Azima Fraud Ruling
• Clyde & Co. Eyes Case Against Switzerland Over Credit Suisse
• UK Police Arrest Over 400 In 'Henhouse' Anti-Fraud Sting
• LC&F Boss Denies Trying To Mislead Company Auditors
• Gov't Issues Deadlines For Pensions 'Dashboard' Linkage
• Insurance Execs Deny BDO Found Buyer For £18.5M Sale
• EU Watchdog Sets Out Rules For Green Bond Issue Reviewers
• Over Regulation Restricted Defined Benefit Pensions, MPs Say
• Unpacking The Law Commission's Digital Assets Consultation
• FCA Warns 'Finfluencers' To Keep Promotional Ads Lawful
• Pilot For UK Billionaire Says Stock Tips Case Is Too Vague
• Man Denies Conspiring Against Game Host's Ex-Biz Partner
• FCA Warns Fund Managers Over Third-Party Supervision
• UK Firms To Get More Influence On Pension Fund Investing
• Staveley On The Hook For £3.4M After Failed Court Battle
• Lebanese-Owned Bank Breached AML Rules, Watchdog Finds
• Unpacking The FCA's Approach To AML Compliance Failures
• Investment Firm Fights To Save £43M Delayed Hotel Claim
• JPMorgan Gets Early Trial On US Regs In Viva Wallet Dispute
• Money Laundering Ringleader Jailed For £560K Bank Con
• Glencore Cannot Deny Knowing It Was Corrupt, Investors Say
• UK Litigation Roundup: Here's What You Missed In London
• 4 Charged For Unregulated Water Investment Scam
• UK Tax Avoidance Scheme Promoter Fined £900K
• 87-Year-Old Billionaire Lewis Seeks No Jail For Insider Trading
• Oil Shipper Fails To Have UK Sanctions Temporarily Lifted
• EU Watchdog Fines Ratings Firm €2M For Conflict Of Interest
• Audit Agency Backs Gov't Non-Financial Reporting Reforms
• New Russia Sanctions Reveal Int'l Enforcement Capabilities
• Banksy Co. Calls Instagram Post True In £1.3M Libel Case
• LC&F Was 'Doomed From The Start,' Administrator Tells Trial
• HSBC Settles Investors' £240M Claim Over Disney Tax Scheme
• Ex-OneCoin Attorney Says 1 Year In Prison Is Enough
• White & Case Hires 2nd Funds Pro From Ropes & Gray
• Influencer Denies Contempt Charge Over 'Lavish Lifestyle'
• Audit Watchdog To Probe UK Sustainability Assurance Market
• FCA Tells Consumer Lenders To Detect Financial Crime Better
• ECJ Adviser Rejects Taxing Foreign Pension Funds Differently
• Nationwide Agrees To Buy Virgin Money For £2.9B In Cash
• Spanish Investment Co. Beats Slovak TM Opposition In EU
• Investor Seeks To Toss €10M Case Over Share Deal Row
• Russian F1 Driver's EU Sanctions Over Oligarch Father Lifted
• Health And Safety Top Risk For Directors, Global Survey Says
• Ex-Russian Minister Fails To Renew Bid To Jail Deripaska
• Bank of Cyprus Eyes €137M Investor Return After ECB Nod
• Swiss Watchdog To Inspect UBS Closely For Merger Impact
• AI Misuse Will Drive Cyber Insurance Demand, Actuary Says
• British Bank CEOs Shift Blame For Pay Fraud To Social Media
• EU Insurers Warn Regulators Of Gaps In Greenwashing Rules
• Dentons AML Ruling Deals Blow To SRA's Enforcement Plans
• What COVID Payout Ruling Means For Lockdown Loss Claims
• Slaughter And May Cuts Partner Promotions By Half In 2024
• Ex-LC&F Chief Says SFO And FCA 'Wrecked' His Career
• Woman Guilty Of Laundering Proceeds Of £5B Bitcoin Fraud
• HMRC Makes U-Turn On Helpline Cuts After Backlash
• Imprisoned Money Laundering Boss Ordered To Pay £3.5M
• Wise Hits Back At Bad Faith TM Allegations From Tech Rival
• FCA Warns Pension Advisers Over Treatment Of Customers
• Aspiring Atty Should Be Off HP Jury, Ex-Autonomy Execs Say
• Indian National Loses Tax Evasion Extradition Appeal
• Financial Adviser 'Siphoned' Fees In Legal Fund Fraud Case
• NMC Healthcare And Dubai Islamic Bank Settle Global Suits
• HMRC Under Fire For Sharply Cutting Back Helpline Service
• New UK Gov't Program Will Promote IP-Backed Lending
• EU Parliament Committees Approve AML Laws
• Metals Trader Loses Bid To Halt $500M Trafigura Fraud Case
• Clydesdale Bank Beats Fraud Case Over Loan Interest Rates
• Tycoon Denies Staveley Feared For Life Over Loan Demand
• UK Energy Co. Fights To Deduct £2.5M Deal Advice Fees
• Spartan Arbitration Tactics Against Well-Funded Opponents
• Gov't Had 'No Option' But To Fire Worker Over Welfare Fraud
• AI Tool Automates Climate-Related Financial Risk Analysis
• FCA Sets Out Priorities For New Financial Year
• Ex-Autonomy CEO's Fraud Trial Over $11.7B HP Deal Kicks Off
• HMRC Defends Response To Tax Avoidance Ploy
• Prison Sentence Persuades Ex-Solicitor To Pay FCA's Order
• Ex-LC&F Chief's Legal Team Seeks Payment Upfront For Trial
• Hayes Laments Judge's 'Catastrophic' SFO Interview Remarks
• WTW To Launch 'Game-Changing' Climate Finance Solution
• FCA Levies £5.95M Fine In Fake Dividend Tax Reclaim Case
• PA Unfairly Pushed To Quit Over Underground COVID Fears
• Serving Claims To HMRC By Email Made Permanent
• EEA Equivalence Statement Is Welcomed By Fund Managers
• SFO's Ephgrave Targets Fraud In Push To Kick Down Doors
• Watchdogs Join Forces To Ramp Up Fight On Debt Collection
• Ex-Autonomy CEO To Face Jury As HP Fraud Trial Boots Up
• Emirati Banks Deny Misleading Court To Get $31M Order
• Investment Funds Fight For Disclosure In $1.2B Mining Row
• Pallas Partners Hires Litigation Pro From Linklaters In London
• UK Litigation Roundup: Here's What You Missed In London
• US Acquittals Don't Upend UK Libor Convictions, SFO Says
• FCA To Review How Firms Treat Vulnerable Customers
• Debenhams Pension Deal Eases Superfund Fears, LCP Says
• Fintech Co. R8 Capital Extends £50M Redwood Bank Deal
• Scottish Mortgage Plans £1B In Buybacks Over 2 Years
• Pension Watchdog Says Poor-Value Plan Initiative Is Working
• In Int'l Arbitration Agreements, Be Clear About Governing Law
• One-Day US Settlement Will Jeopardize Global FX Market
• Charles Russell Speechlys Hires Ex-Burges Salmon Funds Pro
• Lehman Brothers Can't Undo Trial Loss Over Crisis-Era CDS
• UK Top Court Wrongly Enforced $356M Award Against Romania
• Barclays Beats Race Bias Claims From Cameroonian Ex-VPs
• FCA Warns Firms To Give Fair Value Under Consumer Duty
• Clara Takes Debenhams Pension Scheme In Landmark Deal
• Craig Wright Timeline: From Australia To The London Courts
• Financier Denies Misusing Proceeds In Mike Ashley Dispute
• Advisers Want Tax Reduction For Pensions, Aegon Says
• DWF Hires Clyde & Co. Pro David Wynn As New Partner
• Ex-Libor Trader Hayes Claims Judge Denied Him Fair Trial
• Insurer Completes Full Construction Co. Pension Scheme Deal
• Wright Is Not The Inventor Of Bitcoin, Judge Rules
• CMS Leads Rothesay £6B Buy Of Scottish Widows Portfolio
• Clyde & Co. Denies Negligence, Calls Ex-Client's Claim 'Loser'
• Marketing Boss Says LC&F Services Provided In 'Good Faith'
• EU Parliament Overwhelmingly Passes Landmark AI Law
• Pensions Watchdog Workers Call Off Strike, Agree To Pay Deal
• Traders To Fight Rate-Rigging Convictions In Landmark Appeal
• 'Significant' Gaps Remain In UK Pension Provision, FCA Says
• Energy Co. Founder Denies Owing Abraaj Investment $41M
• Crypto As A Coin Of The Corporate Realm: The Pros And Cons
• Bond Market Seeks Mix Of FCA Proposals On Trade Reporting
• King & Spalding Hires Paul Hastings Finance Pro
• Taylor Wessing's Legal App Teams Up With Fundraising Site
• Man Loses Bid To Challenge US Tax Refund Fraud Extradition
• 'Clearer Than Ever' That Wright Is Not Satoshi, Developers Say
• Spanish PE Firm Denies Owing PwC €2M Over Hotel Deal
• Trader Says UBS Has 'Habit' Of Not Following The Law
• Finance Biz TP ICAP Starts Second £30M Buyback
• CMS Guides UK Cash Savings Platform On £108M Investment
• Comparing UK And EU's View On 3rd-Party Service Providers
• Gov't To Give Banks More Time To Investigate Payment Fraud
• SFO Arrests 3 In £76M Luxury Care Home Fraud Probe
• AI Attacks Pose Critical Threat To Businesses, Lloyd's Says
• FCA's New Greenwashing Rules Lack Clarity, City Firms Warn
• Lawyers Say 'Stale' $88M Negligence Suit Is Too Late
• Nuvei Unit Sues Pay Group Over Failed Domain Name Deal
• Santander Whistleblower Loses Bid To Revive Claim
• £237M Ponzi Case Doesn't Stack Up, Ex-LC&F Director Says
• New Treasury Review Of AML Rules To Cast Wide Net
• Insolvency Service Makes Progress on Gender Pay, Diversity
• Taylor Wessing Hires Investment Funds Pro From Reed Smith
• Global Standards-Setter Sets Deposit Insurance Review
• Danish Prosecutors Open Tax Fraud Trial Against Sanjay Shah
• FCA Ends Eight-Year Probe Into Former Mobile App Co. Execs
• Key Points Of BoE Response To Digital Pound Consultation
• FCA Allows Crypto Exchange-Traded Notes For Professionals
• Dentons Defeats SRA Over AML Checks On PEP Client
• FCA Fines British Steel Pensions Firm, Bans Advisers
• FCA To Boost Fight Against Nonfinancial Misconduct
• NFT Platform Beats Rival's 'HyperNFT' TM
• UK Litigation Roundup: Here's What You Missed In London
• Slaughter And May Guides PE Firm's £432M Wealth Firm Buy
• Azeri Tycoon Can't Shift Freeze On £50M UK Property Empire
• Gov't Sets Out 'Social Factors' Guide For Pension Investment
• 'Aggressive' Cold-Calling Firm Shut For Targeting Pensioners
• Goldman Prosecution Delivers A Clear Sign Of FCA Strength
• 'Non-Dom' Tax Reforms Should Keep UK Lawyers Busy
• Efforts To Tackle Sexism In City Moving At 'Snail's Pace'
• Dentons Says It Was Not Required To Refuse PEP Client
• UK Launches Case To Disqualify Lex Greensill As A Director
• Visa, Mastercard Fail To Ax Retailers' Swipe Fees Class Action
• Irish Central Bank Plans Modernized Consumer Protection
• Libor Convictions Like Post Office Scandal, Lawmakers Say
• The Good, The Bad And The New Of The UK Sanctions Regime
• Slaughter & May Advises Nationwide's £2.9B Virgin Money Bid
• FCA Did Not Unfairly Fire Staffer Amid Harassment Probe
• PE Firm Continues Shedding Stake In Ads Biz For £47M
• Dentons Says Client Checks Adhered To Relevant AML Rules
• Businessman Can't Escape €50M Investment Fraud Case
• UK Cuts Tax, Reforms Non-Dom Rules In Pre-Election Budget
• Gov't Cools Its Tone On Pension 'Pot For Life' Plans
• A Look At Environment Agency's New Economic Crime Unit
• Lloyd's Says Women Hold 35% Of Top Insurance Market Jobs
• Pensions Watchdog Outlines New Funding Strategy Reporting
• Blackstone, Thomson Reuters Sell £1.4B Shares In LSE Owner
• DLA Piper Brings On HMRC Vet For Corp. Crime Team
• UK Whistleblowers Flock To The US For Good Reason
• Repsol Beats Lufthansa Unit In R+, AirPlus EU TM Clash
• PwC Did Not Push Trainee Of 11 Years To Quit Over Absence
• SRA Investigator Calls Dentons' AML Checks 'Concerning'
• Ex-Russian Minister Renews Bid To Jail Deripaska In UK
• Taylor Wessing Hires Fintech Reg Pro From Freshfields
• Spending Watchdog Warns BoE As Compliance Breaches Rise
• 4 Legal Privilege Lessons From Dechert Disclosure Ruling
• Disruptor Bank Monzo Valued At $5B After $430M Fund Raise
• FCA Warns Firms To Remedy Failings In AML Controls
• FERC Slams Brakes On $1.1B Bridgepoint-ECP Deal
• Ex-Integer Strategic Exec Wins £100K Sex Harassment Payout
• Dentons Failed To Make AML Checks On PEP Client, SRA Says
• Most UK Pension Schemes Offering Below-Inflation Increases
• Funds Seek €46M Debt Payment From Swedish Property Giant
• BT Case May Shape UK Class Action Landscape
• Associate Of Ex-Dechert Partner Says Settlement Ends Claims
• FCA Warns Asset Managers To Follow Sustainability Rules
• 5 Questions For Peter Carter On Insider Dealing Prosecutions
• Gov't To Require Pensions To Disclose UK Investments
• BNP Paribas Kicks Off €1B Share Buyback Program
• KPMG Fined £1.46M For Ad Agency Accounting Breaches
• WealthTek Case Paused For FCA To Weigh Bringing Charges
• Wright Blames Enemies For Forged Email In Satoshi Trial
• SPAC New Energy One To Wind Up Amid UK Deal Drought
• Key Points From EC Economic Security Screening Initiatives
• Greenwashing Risk Warning As EU Plans Benchmark Change
• UK Litigation Roundup: Here's What You Missed In London
• Spanish Lender BBVA Progresses With €781M Share Buyback
• Simmons & Simmons Hires Banking Pro From DLA Piper
• Mike Ashley Widens Claims In £10M Loan Fight With Financier