Government plans to throw more officers, money and agencies at cracking down on money laundering could be "transformational," leading to a surge in investigations and, City lawyers say, work for defense teams.
Government plans to throw more officers, money and agencies at cracking down on money laundering could be "transformational," leading to a surge in investigations and, City lawyers say, work for defense teams.
The Financial Conduct Authority said Monday that it had brought a claim against property investment specialist Hunter Jones Group and its director over claims the company is carrying out regulated activity without authorization.
A businessman and his company have settled their claim for 10 million Swiss francs ($12.2 million) against a member of the Floreat investment group which they alleged had failed to repay money provided under two investment deals.
A Dubai-based consulting arm of banking company Houlihan Lokey has sued Egyptian petrochemical manufacturer Carbon Holdings Ltd. and two linked companies, seeking payment of more than $5.48 million in allegedly unpaid fees.
The Financial Conduct Authority said Monday it had improved its complaints-handling procedures after accepting some failings identified by the Complaints Commissioner in an investigation of a complaint.
Panos Katsambas, global co-lead of Reed Smith's financial industry group, discusses how dealing with adversity in world events enabled him to handle volatility in his practice, how private credit and fund finance are now dominating the financial industry, and why it is important to remember that the legal industry is a service industry.
