Tax & Regulation
Best Practice | 26 Jul 18
‘Onerous compliance’ behind UK money laundering failings
UK anti money laundering efforts are struggling because heavy handed reporting rules are creating a glut in poor quality reports – a reform body has said.
EU exit paper gives UK expats a ‘glimmer of hope’
Europe’s own Brexit preparations paper offers international insurance and pension policy holders a way to keep honouring contracts – a cross border lawyer has argued.
FCA outlines passporting ‘backstop’ plans for no-deal Brexit
EU firms will be able to continue passporting into the UK if the Brexit transition period is canned, according to the Financial Conduct Authority (FCA) which spelled out its backup plan on 25 July.
New broom kicks off STM governance drive
STM Group has taken the first steps to boost its compliance and governance in the wake of a critical report.
No-deal Brexit could make 38 million pension payments illegal
The head of the Association of British Insurers has warned that 38 million individuals living in the EU could have their UK pension and life policy payments deemed “illegal” if no Brexit deal is reached.