The UK’s financial regulators have imposed a ban and fine of over £150,000 on the former CEO of Scottish mutual insurer, SBMIA, for misconduct involving his liability to tax.
The Legal Statement aims to offer the embryonic crypto-asset sector the best possible answers to important private law questions under English law.
Implementation of the EU’s Fifth Money Laundering Directive on 10 January 2020 is now fast approaching.
The new guidelines are more prescriptive than the previous guidance and have a broader scope, applying to payment and e-money companies for the first time.
Despite August being the height of the holiday season, central bankers at the ECB have found the time to issue a newsletter calling on banks supervised under the Single Supervisory Mechanism to step up their Brexit preparations.
The FCA has sent a Dear CEO letter to payment firms requiring them to review their safeguarding arrangements for customer funds and to attest to compliance.