The U.S. Securities and Exchange Commission has sued a U.K. citizen for $148,038 to recover money in a case arising from his alleged role in a fraudulent microcap stock scheme, according to filings at a London court.
The U.S. Securities and Exchange Commission has sued a U.K. citizen for $148,038 to recover money in a case arising from his alleged role in a fraudulent microcap stock scheme, according to filings at a London court.
A Bahamian lender has denied causing a British Virgin Islands investment company to lose approximately $18.6 million by refusing to allow it to repay a loan early, which would have allowed the investor to redeem shares in a gold miner.
The government released detailed plans on Monday for folding the Payment Systems Regulator into the Financial Conduct Authority, a move that would simplify the rules for payment systems and companies.
Crédit Agricole SA's investment banking arm agreed on Monday to pay French prosecutors €88 million ($103 million) to settle a criminal probe over allegations that the lender conducted trades designed to flout tax laws.
A group of investment firms has alleged that an Indian e-commerce company breached a finance deal by failing to use the almost $69 million in bonds the firms issued to purchase 100% of a software business.
The anti-money laundering unit of the Financial Conduct Authority told legal and accountancy supervisory bodies on Monday that suspicious activity reports they submit could be improved by setting out an action plan.
The European Commission's draft technical amendments to the prudential regime for insurance and reinsurance companies across the bloc will not make the region more competitive, a trade body has said.
As the Financial Conduct Authority reviews its hybrid working policy and other organizations increasingly require employees to return to the office, employers should weigh the costs and benefits of these decisions while considering the nuances of work-from-home rights in the U.K., say lawyers at Shoosmiths.
