The SEC froze assets of a ski resort steeped in fraudulent EB-5 offerings. They froze the assets of a company based in Vermont for improperly using money collected from an immigration program, hence, committing fraud. The investors’ money was used illegitimately for developing projects of “ski resort facilities and a biomedical research facility”. The amount totalled 350 million dollars.
Equiniti Group plc, a leading provider of technology led solutions to clients with complex and regulated administration needs, recently announced that it has completed the acquisition of KYCnet BV (KYCnet). KYCnet is an experienced Know-Your-Customer (KYC) technology and services provider which helps organisations verify and on-board their customers.
by Tony de Bree
One of my favourite books on change is this book ‘The Fat Firm’. Why? Because the book mainly uses cartoons to demonstrate the behaviour of employees and managers in large corporates (‘Dinosaurs’ or like in the case of Banking ‘Jurassic banks’). Corporate culture is a hot topic again in large organisations and in management circles. With special attention focus on how managers and employees in large corporates can start to behave like managers and employees in startups. That is why in this column, I will help you in finding the correct ‘levers of change’ for your corporate culture and to transform your organisation from a ‘boss-centric’ one to an organisation with a ‘client-centric’ corporate culture. What is corporate culture?
The Financial Conduct Authority (FCA) has today published a report proposing a series of measures aimed at enhancing the UK’s debt listing regime. In November 2015, the Financial Conduct Authority (FCA) launched an initiative whereby it began a series of meetings with a specially convened group of stakeholders in UK primary debt capital markets, the UK Debt Market Forum (the Forum). The Forum brought together a wide range of experts from the UK-listed primary bond listed debt markets.
The Financial Conduct Authority has today published a consultation on its proposed rules and guidance for the secondary annuity market. In March 2015 the Government announced that it would extend the pension freedoms to those who had already bought an annuity with the proceeds of their defined contribution pension savings. The government proposes to do this by changing the tax consequences that currently apply to a person wishing to sell their annuity income, with effect from April 2017. Continue reading…
In a judgment issued today, the Supreme Court confirmed that Asset Land had been operating an unauthorised collective investment scheme (CIS) in the course of operating a land bank which involved the selling of small plots of land to investors at hugely inflated prices. The Supreme Court found that, although investors were the legal owners of their individual plots of land, in reality the arrangements of the scheme were that investors did not have control over their investment and Asset Land was the central operator of the scheme.
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Last week, the European Fintech Awards were won by a number of companies from across Europe. The interesting thing was however that the number of Fintech-companies with real innovative (digital) business models and digital revenue models still seems to be rather limited. Continue reading…
by Evert-Jan Lammers
Nobody wants to be spied upon and then reported to the authorities like it happened during the war. Whistleblowers provoke war traumas even to those who have never experienced war. However, whistleblowers are not war-heroes but peace-heroes. No drama then?
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The Basel Committee on Banking Supervision has today issued for consultation Prudential treatment of problem assets – definitions of non-performing exposures and forbearance. At present, banks categorise problem loans in a variety of ways and there are no consistent international standards for categorising problem loans.
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Tracey McDermott, Acting Chief Executive of the Financial Conduct Authority (FCA) has today announced that she is to leave the organisation on 1 July 2016. On 7 January 2016 Tracey announced that she decided in early December 2015 to withdraw from the process to appoint the permanent Chief Executive of the FCA but would continue as Acting Chief Executive until a permanent replacement was in post. Continue reading…
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Gone are the days when organisations could simply promise a speak up culture. Today, fostering a culture of trust, integrity, and a positive work environment…
Download whitepaperEconomic uncertainty has driven the perfect storm of interlocking risks described in last year’s Risk in Focus in new directions in 2023. Organisations are now…
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Lieve LowetEU Affairs consultant and lobbyist
Elina Karpacheva Chair of the European Compliance Centre based in Sofia, Bulgaria
Ahsan HabibManager, AML Investigation - Correspondent Banking, Royal Bank of Canada
Michael AmadoLawyer in Paris / Lawyer in Canada
Alex MovchanAlex Movchan CIA CICA CFE is the President of the Institute for Internal Controls - Central and Eastern Europe
Elena PykhovaElena Pykhova is a thought leader, influencer and founder of a think tank, Best Practice Operational Risk Forum. 
Daniel VaknineCEO and Partner of Visslan
Nancy MehradAuthor and the CEO and Founder of Registrant Law Professional Corporation
Ajay KataraConsulting Partner and Head the RegTech Portfolio in Banking Risk Management area at Tata Consultancy Services (TCS)
Introduction Aware of the ins and outs of the CSRD in one day During this practical day, you will learn everything about the CSRD quickly…
The EIB, the European Union’s bank, is seeking to recruit for its Group Risk & Compliance Directorate – Regulation and EIB Group Risk Department –…
Language:English
ISBN:9791280623188
Price:€ 34.95 (Paperback)
The book introduces the key elements contributing to entrepreneurial vitality and sustainability in the medium and long term with a specific focus on digital transformation….