The U.K. sanctions policing body said Monday that it has fined Bank of Scotland PLC, which is wholly owned by Lloyds Banking Group, £160,000 ($218,354) for serious breaches of the government's Russia sanctions rules by allowing payments to and from the account of a sanctioned individual.
The U.K. sanctions policing body said Monday that it has fined Bank of Scotland PLC, which is wholly owned by Lloyds Banking Group, £160,000 ($218,354) for serious breaches of the government's Russia sanctions rules by allowing payments to and from the account of a sanctioned individual.
The U.K. government announced it will create a new national police force dubbed the "British FBI" to investigate fraud by merging the National Crime Agency with other law enforcement agencies.
The Financial Conduct Authority has warned crypto asset businesses against providing unsuitable products to consumers in draft guidance on applying the Consumer Duty under the crypto asset regime that comes into force in 2026.
Berlin-based venture capital firm Redstone has persuaded a European Union appeals panel to reject a Polish company's attempt to restore its full "RedStone" trademark application, proving that the chance of confusion is too strong.
Private equity firm CVC said Monday that it plans to buy hedge fund Marathon Asset Management LP in a cash and equity deal of up to $1.2 billion to boost its credit products in the U.S.
HSBC Holdings PLC said Monday that it has finalized the privatization of Hang Seng Bank in an all-cash deal valued at 106 billion Hong Kong dollars ($13.6 billion), making the Hong Kong lender a wholly owned subsidiary.
Compagnie Chargeurs said Monday that it has entered into a binding agreement with KPS Capital Partners LP to sell its buildings protection business Novacel to the U.S. private equity firm in a deal worth approximately €230 million ($273 million).
The recently enforced Property (Digital Assets etc) Act confirms in law that digital assets can be recognized as personal property, while leaving intentional gaps, which allow courts the flexibility to adapt traditional legal rules to new innovative technology, say lawyers at Dechert.
