Regulatory Round-Up

 

Click on the link below to jump to the relevant section:

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.

Read More

Conference Report: How to Approach the GDPR for the First Time

At the latest MLROs.com conference in London, delegates examined the European Union’s General Data Protection Regulation and what it meant for compliance people at financial firms. Not enough firms have begun to comply…

Read More

Putting MLD IV into Practice: a Checklist

This week MLROs.com, the AML trade body, hosted a conference at the London offices of the law firm of Gordon Dadds. Delegates received a good grounding in the preventive measures required by the European Union’s fourth Money Laundering Directive…

Read More

EU Beneficial-Ownership Registers Delayed By Years

Only three of the European Union’s 28 member states launched beneficial ownership databases by the bloc’s June 2017 deadline and many of the national databases will not be fully searchable…

Read More

Putting MLD IV into Practice: a Checklist

This week MLROs.com, the AML trade body, hosted a conference at the London offices of the law firm of Gordon Dadds. Delegates received a good grounding in the preventive measures required by the European Union’s fourth Money Laundering Directive…

Read More

Slovenia Opens Investigation into Iran-related Money Laundering Scandal

Slovenia has launched an investigation into allegations that its biggest state-owned bank laundered nearly €1 billion (US$ 1.17 billion) from Iran between 2008 and 2010, Euractiv reported Monday.

Read More

Sudan Sanctions: US Lifts Most Economic Restrictions After Two Decades

The US is lifting most of the economic and trade sanctions it first imposed on Sudan two decades ago….

Read More

FCA Warns Over MiFID 2 Deadlines

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

Read More

ESMA Updates MiFID 2 FAQs

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

Read More

Conference Report: How to Approach the GDPR for the First Time

At the latest MLROs.com conference in London, delegates examined the European Union’s General Data Protection Regulation and what it meant for compliance people at financial firms. Not enough firms have begun to comply…

Read More

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…

Read More

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…

Read More

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…

Read More

RCMP Casino Money Laundering Probe Uncovered Alleged ‘Terrorist Financing’ Links

An RCMP investigation into underground banking and alleged laundering of drug cash in B.C. casinos revealed suspicions of “terrorist financing,” a B.C. government document obtained by Postmedia alleges…

Read More

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…

Read More

China Orders All Bitcoin Exchanges to Close

The country’s regulators have reportedly issued an order to all local cryptocurrency exchanges to halt new user registration by midnight on Sept. 15 and publicly notify users when they’ll formally close…

Read More

OCBC Bank, HSBC and MUFG in KYC blockchain breakthrough

OCBC Bank, HSBC and Mitsubishi UFJ Financial Group (MUFG), together with the Infocomm Media Development Authority (IMDA), has become the “first consortium”…

Read More

Government Makes CFA Guidance

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

Read More

LLoyd’s Sets Out CFA Expectations

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

Read More

Lords Publishes Brexit FS Evidence

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

Read More

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…

Read More

Slovenia Opens Investigation into Iran-related Money Laundering Scandal

Slovenia has launched an investigation into allegations that its biggest state-owned bank laundered nearly €1 billion (US$ 1.17 billion) from Iran between 2008 and 2010, Euractiv reported Monday…

Read More

Adani Australia: Investigation Uncovers Tax Haven Ties to British Virgin Islands

An investigation by the ABC’s Four Corners program has uncovered previously unknown tax haven ties for Adani Group’s Australian operations, with key assets ultimately owned in the British Virgin Islands…

Read More