Hiring an attorney is often the first worry when something goes wrong and there are legal implications. Finding an attorney is actually quite easy, but for those who haven’t been there before, finding the right one can be tricky.
We speak to Criton Tornaritis, who often deals with e-money institutions, on the regulations and boxes such organisations must tick. When submitting applications to grant authorization for electronic money services, what ‘boxes’ do institutions need to tick? All applicants should comply with all the provisions in the set of guidelines that applies to them (guidelines […]
What critical strategic considerations are essential for success in a complex fraud investigation or asset recovery? 1. Where is the documentation/information I need? Understanding where documentation is held, what form it is in, the ability to acquire it (whether provided at source, for example, in internal investigations, or if it has to be obtained through […]
It’s been nine years since the release of the world’s first ever ‘Cryptocurrency’, Bitcoin, so how will law adapt towards the new and ever-developing virtual financial system in times to come? Experts at Hudson McKenzie give Lawyer Monthly the run down on the potential for crypto regulation. At present, the ‘legal status’ of cryptocurrencies varies […]
Aziz Rahman, of Rahman Ravelli, argues that those waging the war against money laundering are missing the real targets. So the European Commission wants to give the European Banking Authority (EBA) powers to ensure money laundering is investigated more consistently. This could mean the EBA being able to ask national anti-money laundering supervisors to investigate […]
Following the disclosure of the ‘Paradise Papers’ in 2017, an onslaught of misguided moral righteousness resulted, villainising the wealthy for using perfectly legal means of investing their wealth in offshore corporations in order to achieve tax efficiency. In the process, many august journals blurred the lines between entirely legal tax avoidance and illegal tax evasion. […]
Both the SRA and FCA have controls and restrictions to stop the misuse of client money accounts and the breaches or abuse that has happened within the financial services industry. There have been a number of high profile cases recently which incurred fines or liquidation, highlighting that even financial services firms are still struggling with […]
Earlier this month headlines took the papers with the first issue of an unexplained wealth order for a woman who had spent a shocking £16 million at one of the UK’s most prestigious and recognised high-end stores: Harrods. This bill is only a fraction of the money Zamira Hajiyeva has spent over the past few […]
Michael Sheridan shares below common myths surrounding bankruptcy. In this insightful article, he touches on what often leads people to filing for bankruptcy and why it is not always a bad thing. What are common misconceptions you find that clients have towards bankruptcy? Most of the common misconceptions - such as ‘you will lose your […]
Litigation is famously known for being expensive and lengthy. With attitudes towards mediation slowly shifting, we get in touch with Anthony Trace QC from 4 Pump Court, who shares more on why mediation, especially for those in the banking and finance sector, is reaping benefits. He states: “If anyone has not yet seen for themselves […]
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