Europe
UAE lender buys Turkish private bank for $3.2bn
Dubai’s Emirates NBD has agreed to buy Turkey’s Denizbank from Russia’s state-owned Sberbank for $3.2bn.
Two Malta trust directors banned for a year
Two directors of Malta trust company Confiance have been banned from financial services for multiple failings.
Best Practice | 21 May 18
FCA warns firms of robo-advice failings
Firms offering robo-advice have been accused by the UK’s Financial Conduct Authority (FCA) of using unclear charging structures and failing to protect vulnerable clients.
Russian dirty money entering UK through BOTs, report says
Money laundering is a matter of national security for the UK, and it therefore has the constitutional right to make British Overseas Territories (BOTs) introduce public registers of beneficial ownership, according to a select committee report.
Denmark targets Airbnb tax evaders
Sharing economy pioneer Airbnb will automatically report any income earned by homeowners in Denmark to the Danish tax authority in a bid to help it clamp down on tax evasion.