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Tullett Prebon fined £15.4 million

The Financial Conduct Authority (FCA) has fined Tullett Prebon (Europe) Limited (Tullett Prebon) £15.4 million for failing to conduct its business with due skill, care and diligence, failing to have adequate risk management systems and for failing to be open and cooperative with the FCA. Tullett Prebon, now part of TP ICAP, is an electronic [...]

October 11th, 2019|Comments Off on Tullett Prebon fined £15.4 million

Steven Maijoor addresses EU-Asia financial dialogue at ASIFMA Annual Conference 2019, Tokyo

Steven Maijoor, Chair of the European Securities and Markets Authority (ESMA), addressed the EU-Asia Financial Dialogue as part of ASIFMA's Annual Conference 2019 in Tokyo this morning. The address focused on ​Building the EU Capital Markets Union while fostering global financial markets ​covering topics such as sustainable finance, cryptocurrencies and EU markets supervision, while also focusing on equivalence, ESMA's [...]

October 10th, 2019|Comments Off on Steven Maijoor addresses EU-Asia financial dialogue at ASIFMA Annual Conference 2019, Tokyo

Betfred to pay financial penalty for money laundering failures

An online gambling operator will pay £322,000 for money laundering failures. Petfre (Gibraltar) Limited, trading as Betfred, will make the payment following an investigation by the Gambling Commission. The investigation revealed the operator failed to carry out adequate source of funds checks on a customer who deposited £210,000, and lost £140,000, of stolen money in [...]

October 10th, 2019|Comments Off on Betfred to pay financial penalty for money laundering failures

Two pre-insolvency advisers plead guilty to money laundering

Mr Stephen O’Neill of Port Melbourne, Victoria and Mr John Narramore, of Main Beach Queensland have both pleaded guilty in the Brisbane District Court to one charge for dealing in the proceeds of crime. An Australian Securities & Investments Commission (ASIC) investigation found that in October 2014 Mr Richard Ludwig, a former director of Cap [...]

October 10th, 2019|Comments Off on Two pre-insolvency advisers plead guilty to money laundering

EBA work programme for 2020

  The European Banking Authority (EBA) published its detailed annual work programme for 2020, describing the specific activities and tasks of the Authority for the coming year and highlighting the key strategic areas of work from 2020 to 2022. In 2020, the EBA will focus on six strategic areas: (i) Support the development of the [...]

October 10th, 2019|Comments Off on EBA work programme for 2020

You’ll never talk alone: Liverpool stakes claim as Britain’s chattiest city

People in Liverpool spend more time chatting on the mobile than those in other major cities, new research reveals. Ofcom’s Mobile Matters report analyses how around 150,000 people used their Android phone between 1 January and 31 March 2019. The study sheds new light on people’s experience of making calls and getting online on the [...]

October 10th, 2019|Comments Off on You’ll never talk alone: Liverpool stakes claim as Britain’s chattiest city