Thousands of Chinese investors defrauded by a money launderer argued Tuesday that their claims seeking to recover their share of billions of pounds of seized cryptocurrency should be governed by English law.
Thousands of Chinese investors defrauded by a money launderer argued Tuesday that their claims seeking to recover their share of billions of pounds of seized cryptocurrency should be governed by English law.
The Bank of England said Tuesday that it plans to ease a critical capital requirement for major financial institutions in the U.K. to make it "simpler and more effective" for them to continue lending during times of financial stress.
The Financial Conduct Authority has warned companies trading shares on the London Stock Exchange that many are failing to disclose information on total voting rights as required to the market.
The government has said it accidentally overtaxed millions of Britons for their state pension income over four years, but that the tax ministry is working to ensure the error will not be repeated.
Capita PLC said Tuesday that its handling of the Civil Service Pension Scheme was "not good enough" after the government withheld £9.9 million ($13.2 million) in payments under its contract to administer the program, citing missed performance targets and service failures.
Dozens of major companies pledged on Tuesday to strengthen their cyberdefenses amid a surge in AI-enabled attacks by foreign states and criminal groups that cost the U.K. economy an estimated £14.7 billion ($19.7 billion) annually.
European financial authorities warned Tuesday that the latest generation of artificial intelligence poses "a paradigm shift for cybersecurity" as the technology could enable bad actors to launch faster, cheaper and more sophisticated attacks on the financial market.
The European Parliament moved toward ending financial services' blanket exemption from value-added taxes by voting Tuesday to adopt a report recommending such a shift.
Cleary said on Tuesday that it has hired a corporate partner at the Paris office of Kirkland in a move to boost the firm's capability in private equity transactions.
The U.K. government’s recently announced Russian sanctions package focusing on crypto-assets is a clear indication that authorities consider the crypto sector a major enforcement area, firmly within the scope of financial sanctions law, says Thomas Cattee at Gherson Solicitors.
