Tax & Regulation
FCA stops Cyprus firm from selling CFDs to UK investors
It used a ‘variety of inappropriate techniques’ which included misleading promotion of products
UK government to pay £120m to stranded LCF bondholders
One investor defines ‘best outcome we could have hoped for’ as ‘hallelujah moment’
EU opens door to renegotiate Fatca agreements with US
As independent body rules international transfers of data need to comply with GDPR
Regulator issues second rebuke of FNZ-GBST merger
Deal would ‘substantially reduce competition’ and lead to ‘higher prices or poorer service’ in UK market
Singapore regulator fines Bank J Safra Sarasin S$1m
Bank failed to establish source of wealth and funds of clients and beneficial owners