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Met makes one of world's largest cryptocurrency seizures

The seizure was carried out by detectives from the Met’s Economic Crime Command on the back of intelligence received about the transfer of criminal assets.

Report outlines shape of post-Brexit regulatory landscape in the UK

Firms and a number of industry bodies have looked at open finance in the context of their segment of the financial services industry, but without a clear, central steer from government we may not see the developments that could – and should –

A GDPR for artificial intelligence?

One AI use case which has come under particular scrutiny is that of facial recognition.

History Remitting Itself? Remittances of Loan Collateral – Take 3

Once again, HMRC has unexpectedly changed the way it treats loan collateral for non-doms who use the remittance basis

EU data transfers compliance: businesses get fresh guidance

Clearly this more broader assessment will have significant implications not just in relation to transfers but the appointment of service providers

China's New Law to Counteract Foreign Long-Arm Jurisdictions

The new Law creates a framework which can be expected to present difficult choices for multinational companies, individuals and other regarding compliance with sanctions imposed on Chinese entities and individuals.

UK watchdog issues warning about 111 unregistered crypto asset firms

This is a very real risk so we are worried about that.

Regulatory governance in private markets

Private markets have long been considered one of the most complex regulatory areas in financial services, preventing many wealth managers from entering this market altogether.

The EDPB’s uncompromising new recommendation on transborder dataflow

The Recommendation is uncompromising and intended to ensure the EU’s protective framework

Swiss Court Convicts Executive of Insider Trading

His prosecution is emblematic of far stricter enforcement of Swiss insider trading rules, which were buttressed more than ten years ago.

DFSA orders FFA Private Bank's Dubai arm to halt trading for certain clients

The prohibition will remain in place until FFA is able to demonstrate that it has addressed these weaknesses. FFA is cooperating with the DFSA to resolve the issues

How Bermuda's new cyber regulation will impact its insurance industry

A reasonable requirement is that such arrangements be subjected to a risk assessment and secured with appropriate controls.

Government publishes regulations and guidance on climate risk governance for pension scheme trustees

Accompanying guidance (‘Guidance’) published in June by the Department for Work and Pensions (‘DWP’), sets out how and when trustees must implement climate change governance measures

Return to work post-covid restrictions

In anticipation of Freedom Day, many businesses will have made preparations for employees to return to the office, be that full time or a hybrid working arrangement.

Fraud unravels everything – how the BVI Courts can assist

To secure assistance from the BVI Courts in tackling fraud, there must be a nexus to the BVI that engages the Court’s jurisdiction.

Uncertainties remain over UK’s IR35 rules

If the services are ‘fully contracted out’ of IR35, the client is the business engaging the PSC contractor as part of the wider supply of services.

Brexit: less than 10 days to request a new residency permit

Tick Tock! Reminder to British Citizens Living in Luxembourg: Less than 10 days remaining to request a new residency permit before 30 June 2021

English High Court rules on scope of its power to determine jurisdiction of arbitral tribunals

The defendant chartered a ship from the claimant on a standard form.

SEC charges three more defendants in alleged US$30 million ICO fraud

The SEC’s complaint charges Hamid, Gietz, and Page with violating, as well as aiding and abetting violations of, antifraud provisions of the federal securities laws and with violating securities registration requirements.

Guernsey Economic Substance Update: Scope Extended to Include all Partnerships from 30 June 2021

These new regulations consolidate all existing regulations issued to date regarding economic substance in Guernsey and also extend the scope to include all forms of partnership (general partnerships, limited partnerships and limited liability partnerships

Government Regulation