New rules have come into force enabling the U.K. tax authority to make significant reward payouts to whistleblowers who report large-scale fraud that leads enforcers to claw back £1.5 million ($2 million) or more in unpaid tax.
New rules have come into force enabling the U.K. tax authority to make significant reward payouts to whistleblowers who report large-scale fraud that leads enforcers to claw back £1.5 million ($2 million) or more in unpaid tax.
A trade body for financial institutions raised concerns on Tuesday over how a new national online identity system will work alongside the existing requirement for checks to identify future customers under the money laundering regulations.
Two brothers accused of owing almost £5 million in outstanding payments on an investment loan have alleged their signatures were forged on loan agreements.
Trade bodies for U.K. and European financial institutions have urged HM Treasury to extend post-Brexit capital rules that allow overseas businesses to operate in Britain when they comply with home regulations.
The Financial Conduct Authority and the Prudential Regulation Authority have added DWF to their panels that provide oversight of the financial sector, the law firm said Tuesday.
Dutch bank ING Groep NV said Tuesday that it will not sell Russian subsidiary ING Bank (Eurasia) JSC to Global Development JSC as it does not expect the Moscow-based buyer to get regulatory approvals.
