Solicitors Regulation Authority says Money laundering reports involving law firms up 67 per cent | City A.M. July 25, 2018 The Solicitors Regulation Authority (SRA) said today that money laundering reports, cyber crime and dubious investment schemes involving law firms are all increasing. According to a new report, money laundering reports from law firms are up 67 per cent in 15 months. Sixty cases were reported to the SRA in the first quarter of 2018 [...]
Carlos Kaiser: Brazilian football’s scammer extraordinaire – and how his story reached cinemas via the City of London | City A.M. July 25, 2018 Remember Ali Dia, the Senegalese semi-pro handed a Premier League game by Southampton in the 1990s largely on the strength of a bogus reference from someone posing as then-World Player of the Year George Weah? Well Brazil has its own tale of an impostor conning his way into the ranks of the professionals – only [...]
YouGov challenger GlobalWebIndex raises $40m from Refinery29’s growth fund backer | City A.M. July 25, 2018 London-based market research firm GlobalWebIndex has raised $40m (£30.4m) series A first round from Stripes Group, a New York growth fund that has previously backed the likes of Refinery29, Grubhub and Udemy. Founded in 2009, GlobalWebIndex has consistently doubled its revenue and headcount year after year without seeking any outside funding, and includes the likes [...]
‘No terminal damage’ of the City because of Brexit, says Barclays boss John McFarlane | City A.M. July 25, 2018 Barclays boss John McFarlane has struck a note of caution about the impact of Brexit on the City, saying he doesn’t believe it will cause “terminal damage”. In an interview with Reuters, the chairman also known as ‘Mac the Knife’ shrugged off fears that the plan for the sector’s future trading relationship, revealed as part [...]
Mackerel recipes: Our resident chef Mark Hix is overjoyed it’s mackerel season so he’s come up with a recipe to help you make the most of your catch | City A.M. July 25, 2018 The mackerel have finally arrived in Lyme Bay. They’re very late, maybe having been put off by the orca whale spotted in the bay a couple of weeks back or the dolphins that have been close into the shore. Until we can figure out the language of fish, we’ll never know the reasons for their [...]
EU ‘ready’ to discuss reduction of ‘all tariffs’ with US | City A.M. July 25, 2018 The European Union has said it is prepared to discuss lowering tariffs “in all sectors” if the US drops its punitive levies on aluminium and steel, ahead of a crunch meeting today. European Commission President Jean-Claude Juncker is meeting President Donald Trump at the White House today in a bid to get the US to [...]
First-time buyers in London struggle to keep up as north east offers most affordable house prices | City A.M. July 25, 2018 London has been the least affordable region for hopeful first-time buyers in 14 of the last 19 years, according to new statistics out today. Buyers looking to get onto the property ladder in the capital last year could have expected to spend 13 times their earnings on property. However, that stands in stark contrast to [...]
Firms cough up as much as £100,000 and perks to keep EU workers after Brexit | City A.M. July 25, 2018 British firms are coughing up as much as £100,000 in pay rises, bonuses and even school fees to keep hold of top EU workers, a new study suggests. According to a survey of 1,000 HR directors conducted by law firm Migrate UK, six in 10 companies have paid additional incentives since the Brexit vote to [...]
Ireland would “absolutely” back extending Brexit talks to avoid no deal, says deputy PM Simon Coveney | City A.M. July 25, 2018 Ireland would “absolutely” back extending the Brexit process so that talks can be concluded without the UK crashing out of the EU, a senior government member said today. Simon Coveney, deputy to Taoiseach Leo Varadkar and minister for foreign affairs, told the BBC “of course” Dublin would support the UK if it asked to extend [...]
Facebook to use AI to combat Russian interference ahead of US mid-term elections | City A.M. July 25, 2018 Social media giant Facebook has said it will start using artificial intelligence to fight people including Russian operatives who use false information to influence public opinion on its website. Speaking to media, the company said they were expecting there to be activity From Russian agents and other parties on the site ahead of the mid-term [...]