Business

FCA issues £37.8 million fine to Commerzbank London

The UK's Financial Conduct Authority (FCA) has announced a fine of £37,805,400 for Commerzbank London over anti-money laundering (AML) failures between October 2012 and September 2017. According to the FCA, Commerzbank London had been aware of concerns raised in 2012, 2015 and 2017 but had failed to take effective steps to fix the issues. Commerzbank London agreed to accept the...

What IR35 means for UK businesses that use contractors

Upcoming changes to the off-payroll working rules for clients, workers and their intermediaries are likely to cause serious disruption to temporary contract workers and their clients across the UK. We take an in-depth look at what the changes are and what businesses can do to make sure they have the flexible workforce they need to remain productive. What is IR35? There...