Londoner on the run: Convicted money launderer who smuggled millions out of the UK wanted by the NCA December 22, 2021 The National Crime Agency is appealing for information on the whereabouts of a convicted money launderer who talked of moving up to £50m out of the UK every month. Abdul Fahad, 41, of Meads Lane, Ilford, was arrested by NCA officers in 2018 after bundles of cash totalling more than £100,000 were found in his car. He was charged [...]
Christmas in Canary Wharf: UK’s largest banks face £8.5bn HMRC bill with £35.8bn of tax under consideration December 22, 2021 Large banks face a potential £8.5bn tax liability from the UK tax authority, according to new figures obtained by Freedom of Information (FOI). The FOI to HM Revenue and Customs (HMRC), carried out by City law firm DLA Piper, showed that, at the end of March 2021, additional tax liability under investigation had increased by [...]
State news agency Xinhua releases NFTs amid China crypto crackdown December 22, 2021 Chinese state media agency Xinhua has announced plans to launch a line of NFTs despite a stringent nation wide crypto ban.
Britain’s creative industries are essential to the economy, but imagination must shape all our businesses December 22, 2021 Let’s start with the good news. The UK economy is set to grow by 6 per cent in 2022. Admittedly this forecast, set by the OBR, was before we knew about the Omicron variant. But we must remain optimistic that the economy can continue to bounce back from the shockwave of the virus. When we [...]
Outlook 2022: CIO and markets December 22, 2021 | City Talk Equity returns will be more muted, but still positive, in 2022, supported by solid corporate earnings. Inflation remains a concern and will put pressure on central banks to start to raise rates. The latest Covid-19 variant – Omicron – is already leading to partial lockdowns, which could lead to slower growth at the start of [...]
Vive la metaverse, and all hail DAOs! December 22, 2021 DeFi is the backbone of a new financial system that displaces legacy banking, says Dr Chris Kacher.
Crypto exchange Kraken snaps up staking platform amid M&A boom December 21, 2021 Crypto exchange Kraken has purchased Staked in a deal which it claims is "one of the largest crypto industry acquisitions to date."
It’s been a great year for the blockchain industry, but the UK needs more champions December 21, 2021 Crypto AM editor-at-large James Bowater discusses every corner of the crypto industry with Sean Kiernan, founder and CEO of Greengage.
Binance turns to Dubai with designs on establishing a global crypto hub December 21, 2021 Binance, the world's largest cryptocurrency exchange, has reached an agreement with Dubai's commercial authorities to look at creating a global hub for the cryptocurrency industry.
Money in COVID Times: A perfect storm forming for central banks? December 21, 2021 | City Talk The COVID-19 crisis is but the latest episode in a drama docuseries on economics depicting a world in which unorthodox monetary policy is becoming the norm rather than the exception. How have central banks become the de facto lender and market maker of last resort in a financial market ecosystem in which market-based finance has [...]