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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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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