Regulation
Regulation | 8 Jul 24
FCA cautions adviser firms over challenges of overseeing overseas representatives
Advisers should consider terminating agreement with overseas appointed reps if they ‘cannot adequately monitor’ their activities
Nordea Bank charged by Danish crime unit over AML failings on €3.5bn of transactions
This is claimed to be the largest money-laundering case in Danish history
Regulation | 5 Jul 24
Industry experts around the world react as Labour wins significant majority in UK election
Labour had announced plans to charge inheritance tax on all non-UK assets held on trust
Latest news | 3 Jul 24
PIMFA pushes FOS on CMCs
PIMFA suggests that FOS should review its approach and seek to levy a higher charge, which would result in firms and CMCs sharing the burden of case fees
Latest news | 27 Jun 24
Opinion: Will a new UK government bring global action on global money laundering?
With reports that Labour is on track for a landslide victory in the UK election on the fourth of July, is there hope that a new UK government will open doors for closer global coordination in the fight against money laundering…