06/22/2018
AMLD5 brings new challenges for ‘obliged entities’ including financial institutions, tax professionals, providers of virtual currencies and those trading in luxury goods – such as art dealers.
06/22/2018
Middle East Legal Awards 2018 – Banking, Finance and Restructuring Team of the Year: Stephenson Harwood
What Iraq needed was twofold: support with several financings and refinancings, and an economic restructuring that would help plug its budget deficit.
06/22/2018
According to the terms of the convention, the individual signatories have to ratify the MLI in line with their domestic rules and deposit their ratication instruments with the OECD
06/21/2018
Thirty-four of the 50 leading banks use Envestnet to help design, develop, and deploy a more profitable operating model for managing their client's retail, high-net-worth, and institutional businesses.
06/21/2018
While the court dismissed his suit and ruled that Hussein had offered misleading testimony, it also reserved criticism for the way that the FCA had targeted its investigation and regulatory action.
06/21/2018
The final step - if there is no change - is Macquarie assessing removing the adviser from the business.
06/20/2018
Notwithstanding the new rules, officers of wealth management companies who would prefer to maintain a degree of separation between their personal life and their professional dealings should not publicise their home address in the first place.
06/20/2018
The major new asset management rules, announced in April, are aimed at tightening shadow banking activities and reducing the systemic risks in order to develop a healthier domestic capital market.
06/19/2018
Audi boss Rupert Stadler arrested over ‘dieselgate’ scandal
AUDI CEO Rupert Stadler has been arrested in relation to the emissions cheating scandal. “We confirm that Mr Stadler was arrested this morning. The hearing to determine whether he will be remanded is ongoing,” a spokesman for parent company V
06/19/2018
UBS revamps ESG models, hunts for new PMs
Traditional government bonds will be replaced with development bank bonds and sustainable municipal bonds
06/19/2018
Merrill weighs lifting ban on retirement account commissions
That rule will go off the books in a matter of days after a federal appeals court overturned the statute in March and the Trump administration DOL declined to appeal to the Supreme Court last week.
06/19/2018
The final agreement has still to be signed off on both sides -- and Ronaldo's camp may yet get the prison sentence element removed in exchange for a higher fine.
06/18/2018
Retired judge Henry Abbott spent 15 years ruling on high-net-worth divorce cases. He tells Mark Tighe about millionaires concealing assets, warring spouses, and litigants refusing to leave the courtroom
06/18/2018
Sinha was punished with a five-year ban last year for charging fees without providing all the advice customers had paid for.
06/18/2018
FARA requires agents representing the interests of foreign powers to disclose their relationship with the foreign government and information about related activities and finances.
06/18/2018
Asic is contending that, since Westpac held the financial services licence used by Sinha, the bank is liable for the alleged breaches, which carries a maximum penalty of A$1m (£564,084, €642912, $753,089) per breach.
06/18/2018
The regulator served him with a £29,300 fine after ruling his conduct had ‘pose[d] a risk to consumers and to the integrity of the financial system’.
06/17/2018
In a global environment, Chief Financial Officers are mainly concerned about maximising revenues and reducing costs. But compliance is an ever-present element that will influence your choice of growth strategy – and the outcome.
06/17/2018
Everyone has an annual gift allowance of £3,000, which can be given away free of IHT regardless of when they die.
06/15/2018
Arbuthnot Latham, a British private bank, said he failed to repay loans and wants to seize assets.