For a time, the cryptocurrency market has embodied a new “Wild West” for traders. Characterised by mayhem and disorder, we’ve seen a gold rush from traders looking to strike lucky off the back of the meteoric rise of currencies such as Bitcoin – it has been a case of ‘get involved first, figure out what […]
Banks may be forced to pay a further £18bn to consumers in payment protection insurance (PPI) claims ahead of the August 2019 deadline, following miscalculations by the Financial Conduct Authority. As banks begin to issue letters on PPI to consumers, legal precedent could see potential payouts soar, according to research from barristers’ chambers St John’s […]
Following the release of the Q1 2018 Insolvency Service insolvency statistics, Richard Haymes, Head of Financial Difficulties at TDX Group, calls for stricter rules when promoting insolvency services online. The figures released by the Insolvency Service, showing an increase in both company and personal insolvencies, support our expectation that the number of individual voluntary arrangements […]
Charges brought by the Serious Fraud Office against Barclays were recently dismissed. Below Dominic Carman, noted legal commentator, discusses the implications for the SFO. More bad news for the UK’s Serious Fraud Office – this time in relation to its five-year investigation into Barclays Bank and its refinancing during the global financial crisis. This protracted […]
The number of fines handed out for money laundering and terrorist financing rule breaches has fallen 20% in the last year as tougher enforcement delivers a wake-up call, anti-money laundering and Big Data specialist Fortytwo Data reveals. It follows record enforcement in 2015/16 when 1,170 professionals - including lawyers, accountants and those in the gambling […]
The introduction of HMRC’s Making Tax Digital (MTD) for VAT programme, scheduled for April 2019, will bring a fundamental change to the way that businesses submit VAT returns. To ensure that they are able to fully comply with the new rules and to avoid potential fines for filing returns incorrectly, it is essential for organisations […]
Recent research from Penningtons Manches reveals that British tech companies are enjoying unprecedented investment from West Coast-based US firms – last year, 74 deals contributed a total value of £1.08bn, the first time Silicon Valley investment into the UK has broken the billion-pound mark. This week Lawyer monthly benefits from top insight from James Klein, […]
Barclays recently launched a new law-tech incubator in partnership with the Law Society. The venture is backed by major law firms, as well as leading universities UCL and The University of Liverpool. Together, they aim to turbo-charge the UK’s law-tech sector, helping companies start up and scale up, and become international leaders in their field […]
Lawyers hold varying amounts of client cash for days, weeks or months, depending on the client and legal situation. Determining the best way to manage this money, while keeping client interests at heart and meeting regulatory obligations, can be challenging. Below Lawyer Monthly speaks to Giles Hutson, CEO at Insignis Cash Solutions, on the effective […]
The cryptocurrency space has been fraught with cases of fraud and scams and with it being such a new industry with little in the way of regulation, it has been an ongoing focus of governments. This focus has only increased in recent months due to the number of high profile incidents, such as the theft […]
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