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Nov 3, 2024 | 
politico.eu | Eleanor Myers
LONDON — At London’s annual Frieze art fair, attendees trickle into a fake sauna. Inside, a screen shows a person dressed as a pink alien in fuchsia lingerie, gyrating in an abandoned swimming pool. Thumping techno accompanies the spectacle. An employee speaks over the deep bass to lament Britain's new anti-money laundering art rules.
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Oct 29, 2024 | 
politico.eu | Eleanor Myers
Ukraine reacted with fury over a decision by the world’s anti-money laundering watchdog to keep Russia off its “blacklist.”Kyiv, which has long campaigned for Russia to be on the Financial Action Task Force's (FATF) register for the worst economic crime offenders, said it is "disappointing" that several countries rejected its inclusion on the list in an October vote.
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Oct 2, 2024 | 
politico.eu | Eleanor Myers
Thawing post-Brexit relations are under threat if the U.K. does not rethink a proposed cap on card transaction fees, European lawmakers are warning London. British Prime Minister Keir Starmer heads to Brussels Wednesday to meet European Commission President Ursula von der Leyen as both sides aim for a “reset” after years of post-Brexit acrimony under the Conservatives.
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Sep 26, 2024 | 
politico.eu | Hannah Brenton |James FitzGerald |James Fitzgerald |Fiona Maxwell |Eleanor Myers
The party is licking its wounds from a gargantuan defeat at the U.K.'s general election in July, and it still doesn't have a leader. So this year's Conservative Party conference will be a bit different, with most eyes on the leadership debate rather than the policies the party will prioritize in opposition. Nonetheless, in financial services there are plenty of MPs, peers and independent onlookers who'll be attending the conference and are worth a chat.
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Sep 19, 2024 | 
politico.eu | Hannah Brenton |James FitzGerald |James Fitzgerald |Fiona Maxwell |Eleanor Myers
Looking to influence financial services policy but unsure who to meet at Labour's inaugural party conference in Liverpool this weekend? Politicians, advisers or policy wonks: We've got the ultimate list of who holds the power in and around the first Labour Party conference in 14 years — and who to have a chinwag with on the sidelines of the event. The MPsMeg HillierLabour MP Meg Hillier was recently appointed chair of the influential Treasury Committee after running unopposed.
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Sep 16, 2024 | 
politico.eu | Eleanor Myers
LONDON — It’s a tiny, barely known regulator that took on the U.K.’s biggest banks in the name of protecting fraud victims — and lost. The Payment Systems Regulator (PSR) is housed within the main U.K. financial watchdog’s offices in Stratford, East London. It boasts just 130 staff members. It told banks in late 2022 that they should be on the hook for up to £415,000 when their customers lose money to payment scams.
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Aug 26, 2024 | 
politico.eu | Hannah Brenton |Eleanor Myers
LONDON — Whisper it, but the City of London wants Donald Trump back. As the U.S. heads for a highly contentious and close election in November, at the top of London’s pragmatic financial district there’s a distinct lack of fear, and even a little enthusiasm, at the prospect of Trump returning to the White House. Of course, it’s not all sunshine and rainbows.
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Aug 19, 2024 | 
politico.eu | Eleanor Myers
LONDON — The 16:55 train from Chelmsford in Essex pulls into London’s Liverpool Street station 36 minutes later on a sunny Thursday afternoon, unleashing crowds of young women looking for "the one."They don't have far to go — their destination is a two minute walk from the station: the drinking spot of Broadgate Circle. Dwarfed by the skyscrapers above, the area is built like an amphitheater, with a raised platform in the middle and myriad of bars surrounding the center.
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Aug 14, 2024 | 
journal.probeinternational.org | Eleanor Myers
British Virgin Islands Britain tries to clean up its dirtiest secret. By Eleanor Myers | PoliticoSummaryThe British Virgin Islands (BVI) has long been known as a popular destination for both tourists and illicit financial activities, particularly money laundering. The BVI’s role in facilitating illicit finance was highlighted by the arrest of Andrew Fahie, the former premier, by the U.S. Drugs Enforcement Agency in Miami on cocaine smuggling and money laundering charges.
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Aug 12, 2024 | 
politico.eu | Eleanor Myers
LONDON — In July 2020, Andrew Fahie, premier of the British Virgin Islands, wrote to the U.K. government boasting of transparency in its financial services industry that “competitors may envy.” A publication detailing the letter shows a smiling Fahie alongside the proud message that the BVI “continues to meet and adhere to the highest international standards as a responsible, cooperative and quality financial centre.” Less than two years later, Fahie was arrested by the U.S. Drugs Enforcement...
