Something you'll not see happening in the city of London Something you'll not see happening in the city of London
Page 1 of 2 12 LastLast
Posts 1 to 10 of 19
  1. #1

    More fingers than teeth

    scooterscot is a fount of knowledge

    scooterscot's Avatar
    Join Date
    Nov 2005
    Location
    Anywhere that is not broken Brexit Britain
    Posts
    19,553

    Default Something you'll not see happening in the city of London

    Should have happened in 2008. The day of reckoning will come...

    Wonder if Deutsche are about to have a Lehman moment?

    Deutsche Bank headquarters raided over money laundering


    The Frankfurt headquarters of Deutsche Bank have been raided by prosecutors in a money laundering investigation.

    Germany's public prosecutor alleged that two staff members have helped clients launder money from criminal activities.


    Police cars were seen outside the tower blocks that house the headquarters of Germany's biggest bank.


    Other Deutsche offices in the city were searched in an operation involving about 170 police and officials.


    Prosecutors are looking into whether Deutsche Bank staff helped clients set up off-shore accounts to "transfer money from criminal activities".


    The investigation was sparked by revelations in the 2016 "Panama Papers" - an enormous amount of information leaked from one of the world's most secretive companies, a Panamanian law firm called Mossack Fonseca.


    What are the Panama Papers?
    Other banks, including Sweden's Nordea and Germany's Handelsbanken have been fined as a result of information contained in the Panama Papers.


    Deutsche Bank shares fell 3% after news of the raid emerged. The company confirmed that police had raided several locations in Germany and that it was co-operating fully with the probe.


    Paperwork and electronic documents were seized by officials during the raids on the bank's properties.
    source: Deutsche Bank headquarters raided over money laundering
    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

  2. #2

    More fingers than teeth

    darmstadt is a fount of knowledge

    darmstadt's Avatar
    Join Date
    Jul 2005
    Location
    The Eurozone
    Posts
    16,768

    Default

    This happened at the Commerzbank last year, DZ Bank earlier this year and seems to be a regular occurrence over the past few years in Frankfurt. The Germans are slightly stricter than the British regarding this and as Britain wants to become an offshore tax haven, I wouldn't hold your breath on it happening soon in the city
    Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.

  3. #3

    More fingers than teeth

    scooterscot is a fount of knowledge

    scooterscot's Avatar
    Join Date
    Nov 2005
    Location
    Anywhere that is not broken Brexit Britain
    Posts
    19,553

    Default

    No wonder the UK wants out of the EU.
    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

  4. #4

    Dirty spekulant

    Jog On - scorchio!

    Jog On's Avatar
    Join Date
    Aug 2005
    Location
    Troll farm somewhere in Russia
    Posts
    7,841

    Default

    Quote Originally Posted by scooterscot View Post
    No wonder the UK wants out of the EU.
    The Anti Tax Avoidance Directive - European Commission

    On 28 January 2016 the Commission presented its proposal for an Anti-Tax Avoidance Directive as part of the Anti-Tax Avoidance Package. On 20 June 2016 the Council adopted the Directive (EU) 2016/1164 laying down rules against tax avoidance practices that directly affect the functioning of the internal market.
    Nothing to see here...
    Because feelings...

  5. #5

    More fingers than teeth

    scooterscot is a fount of knowledge

    scooterscot's Avatar
    Join Date
    Nov 2005
    Location
    Anywhere that is not broken Brexit Britain
    Posts
    19,553

    Default

    That's all well and good but the City of London is not part of the UK. And therefore the EU. In effect the above legislation means nothing to the CoL.
    Last edited by scooterscot; 29th November 2018 at 14:08.
    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

  6. #6

    Contractor Among Contractors

    GreenMirror 's job has never been outsourced


    Join Date
    May 2018
    Posts
    1,500

    Default

    Quote Originally Posted by scooterscot View Post
    That's all well and good but the City of London is not part of the UK. And therefore the EU. In effect the above legislation means nothing to the CoL.
    Indeed. I saw several tug boats this morning towing the square mile and CW out into international waters.....

  7. #7

    Dirty spekulant

    Jog On - scorchio!

    Jog On's Avatar
    Join Date
    Aug 2005
    Location
    Troll farm somewhere in Russia
    Posts
    7,841

    Default

    What about Canary Wharf?
    Because feelings...

  8. #8

    More fingers than teeth

    darmstadt is a fount of knowledge

    darmstadt's Avatar
    Join Date
    Jul 2005
    Location
    The Eurozone
    Posts
    16,768

    Default

    They've been done before although funnily enough it only tends to be their UK and US branches: Deutsche Bank′s 5 biggest scandals | News | DW | 29.11.2018
    Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.

  9. #9

    More fingers than teeth

    scooterscot is a fount of knowledge

    scooterscot's Avatar
    Join Date
    Nov 2005
    Location
    Anywhere that is not broken Brexit Britain
    Posts
    19,553

    Default

    Quote Originally Posted by GreenMirror View Post
    Indeed. I saw several tug boats this morning towing the square mile and CW out into international waters.....
    Never fails to amaze me how many English menfolk require the geography of their country revealed to them by a Scotsman.

    Next you'll be telling me Freddie Mercury was English born and rather than Tanzanian.
    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

  10. #10

    Suffers Fools...Badly!

    shaunbhoy is always on top

    shaunbhoy's Avatar
    Join Date
    Jul 2005
    Location
    South Devon
    Posts
    29,695

    Default

    Quote Originally Posted by scooterscot View Post
    Never fails to amaze me how often you spout absolute tripe.
    ftfy

    “The period of the disintegration of the European Union has begun. And the first vessel to have departed is Britain”

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •