Banking & Finance

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EU Tackles Financial Crime with Anti-Money Laundering Directive

23rd April 2018
Firms will increasingly need to employ enhanced due diligence measures to comply with new rules targeting money laundering and terrorist financing, says LexisNexis® Risk Solutions LexisNexis Risk Solutions, the global information solution provider, has reminded UK firms that a fifth revision of the EU’s Anti-Money Laundering Directive (AMLD) will be presented to the European Parliament […]
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FCA Turns Its Head to Crypto, But UK Still Behind

10th April 2018
On the back of news that the FCA is planning to publish a review of cryptocurrencies in the third quarter, Jacob Ghanty, Financial Regulatory Partner at Kemp Little, discusses with Lawyer Monthly the FCA’s angle on crypto regulation. The FCA has said in its Business Plan 2018-19 that one of its cross-sector priorities will be […]
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VAT Fraud Crackdown: New Fulfilment House Rules Kick In

4th April 2018
Alison Horner, VAT partner at MHA MacIntyre Hudson, explains the implications of the new HMRC Fulfilment House Due Diligence Scheme (FHDDS), launched on 1 April 2018. “This is a crackdown on certain non-EU businesses which are avoiding VAT regulations and flooding the UK market with cheap, often fraudulent, online goods. This avoidance of the rules […]
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Your Thoughts: The Brexit Deadline

3rd April 2018
It’s unlikely that the UK and European Parliaments, as well as those of the 27 remaining EU member states, will continue to accept May’s continued deferment. Negotiations have progressed thus far by batting key issues down the field, but the field is only so big. So, realistically, how close is the Brexit deadline? This week […]
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G20 Urged to Adopt Common Regulations for Cryptocurrencies

23rd March 2018
The G20 must work towards an agreement to adopt common regulations for cryptocurrencies such as Bitcoin, affirms the DeVere Group. The bold message from the founder and chief executive of deVere Group, Nigel Green, comes as representatives of G20 prepare to meet for the summit taking place in Argentina on Monday and Tuesday. It is understood […]
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US Realtors Urge Permanent Mortgage Forgiveness Debt Exclusion

21st March 2018
The exclusion for forgiven home mortgage debt following a foreclosure, short sale or loan modification should be made permanent to provide relief to troubled borrowers and minimize the damage to families, neighbourhoods and communities. That's according to recent testimony from the National Association of Realtors before the US House Ways and Means Subcommittee on Tax […]
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FCA Says Employees Can’t Use Their Own Devices for Work, So Now What?

7th March 2018
Most employers allow their workers to use their own devices for company operations purposes, the most common being sending emails when they’re not in the office. However, new FCA rules now prohibit the use of own devices in the financial sector. Daren Howell, Solutions Marketing Manager at Sungard Availability Services, explains more below. Barely into […]
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Will BoE Crypto Comments Fuel Recovery for Bitcoin & Co?

5th March 2018
The Bank of England governor, Mark Carney, has called for a regulatory crackdown on Bitcoin; comments which can be expected to help fuel a sustainable recovery of the likes of Bitcoin, Ethereum, Ripple, Litecoin and Dash. Mr Carney noted: “The time has come to hold the crypto asset ecosystem to the same standards as the […]
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Does Filing for Bankruptcy Really Mean It Is the End of Your Business Dream?

28th February 2018
  Bankruptcy surfaces fear in any business persons’ eyes. But is it always the option at hand? How can you save your business, your legacy, in the most efficient, law-abiding manner? Selwyn Whitehead, an expert in bankruptcy law, reveals the best way to address such issues.   What would you say are the main risks […]
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Tax Fraud Up 538% to £2.11 Billion in Last 15 Years

9th February 2018
The total value of fraud has risen 538% to £2.11bn in the last 15 years and is up 6.5% from £1.99bn in 2016, according to new research from BDO LLP. When it comes to type of fraud, BDO’s FraudTrack report found 550 cases of UK fraud were tax-related and the reported value of these cases […]
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Lawyer Monthly is a news website and monthly legal publication with content that is entirely defined by the significant legal news from around the world.