11th June 2018
AP — The chairman of the British Parliament’s media committee said Sunday that a millionaire backer of the successful campaign to leave the European Union has questions to answer about his contacts with Russian officials. Lawmaker Damian Collins said his committee plans to question Arron Banks, co-founder… Read More
4th June 2018
German prosecutors have charged three former German Football Association (DFB) officials and one Swiss former official from world soccer’s governing body FIFA with serious tax evasion in connection with the 2006 World Cup, which Germany hosted. In a statement on Friday, the Frankfurt prosecutor’s office said it had also filed… Read More
23rd May 2018
Thousands of banking jobs could move out of Britain as finance companies look to set up regulated subsidiaries in European Union countries to be able to sell products across the bloc once Britain leaves in 2019. The total number of financial services jobs expected to be moved elsewhere after Brexit… Read More
28th March 2018
Firms and funds will continue to benefit from passporting between the United Kingdom and EEA during the implementation period that will apply following the UK’s withdrawal from the European Union, according to the Financial Conduct Authority. The implementation period is intended to operate from 29 March 2019 until the end… Read More
15th March 2018
Mossack Fonseca, the Panamanian law firm at the center of the “Panama Papers” scandal, said on Wednesday it was shutting down due to the economic and reputational damage inflicted by its role in the global tax evasion debacle. The so-called Panama Papers, which consist of millions of documents stolen from… Read More
6th March 2018
France stuck to its tough stance in the Brexit negotiations on Tuesday, warning there was little chance of securing a free trade deal for financial services that would provide the degree of access sought by Britain’s biggest taxpaying industry. The French economy minister Bruno le Maire instead said finance companies… Read More
21st February 2018
The UK has published proposals for how it wants the transition period immediately after Brexit to work. It says the period should last as long as it takes to “prepare and implement the new processes and new systems”. Number 10 denied this meant it would be longer than the planned… Read More
19th February 2018
The United Kingdom is keen to have a relationship with the European Union where officials can continue to speedily share intelligence, biometrics and other data after Brexit, the head of Britain’s National Crime Agency (NCA) has said. The NCA has benefited from EU policing partnership in tackling crimes such… Read More
4th February 2018
Switzerland’s Financial Market Supervisory Authority (Finma) has ended its work on the Panama Papers. Following revelations from the data leak in 2016, the watchdog launched investigations at more than 30 Swiss banks, focusing on their implementation of anti-money laundering regulations. In-depth investigations were carried out at around 20… Read More
19th January 2018
Germany has found no evidence of substantial breaches of money laundering rules by 11 of its banks named in the so-called Panama Papers, the country’s financial watchdog Bafin said on Wednesday. The Panama Papers detailing how the rich and powerful used offshore corporations to hide money and potentially evade taxes,… Read More