Managers of Wealth

Julius Baer must pay around 150 mln sfr to Germany - court rules

The matter is related to unauthorised withdrawals between 1990 and 1992 from a Cantrade account of a foreign trade company established in East Germany.

Ray Dalio’s $100 million education charity hit with abuse of wealth and power lawsuit

Controversy is swirling around the arm that is managing Dalio’s $100 million donation

FINMA reprimands Swiss private Bank

In the course of these proceedings FINMA found that the bank did not make sufficient efforts to investigate the substantial growth in the client’s assets.

Charting an estate planning course in uncertain political waters

The Democratic Party has made very clear that if it had unfettered control, taxes on property transferred by gift or death would rise.

With money laundering red flags going up, football clubs may have to step up

A Europol report on money laundering recently identified football as a money laundering paradise for organised crime networks

SIX unveils tax tool for wealth managers

SIX today launches “SIX Tax Score®”, designed to analyse the tax consequences of financial products, available to banks, wealth managers and asset managers in the form of a benchmark covering Swiss, UK and French tax jurisdictions.

FCA launches consultation on the regulation of international firms

The FCA expects a firm seeking authorisation to have an active place of business in the UK to enable us to effectively supervise its UK activities.

FCA: Speech by Marc Teasdale on drivers of culture and role of purpose and governance

Truly safe cultures support that diversity with an approach to inclusion that enables employees to bring their whole selves to work, and that creates a safe environment for people to present differing views, challenge accepted norms, and even call out whe

Adapting English law for the digital revolution

The work on digital assets will ensure that the law is capable of accommodating electronic documents, cryptoassets and other digital assets in a way which allows the possibilities of technology to flourish.

Britain Plans Law to Safeguard City of London's Global Standing

The reference to world leading prudential standards will reassure regulators in Britain who have cautioned about being given a formal remit to maintain the competitiveness of London as a global financial centre when writing new rules, fearing it would wea

Inside scandal-rocked Danske Estonia and the shell-company ‘factories’ that served it

The FinCEN Files reveal how a handful of secretive agencies mass-produce U.K. shell companies owned by criminals and launderers from former Soviet states.

From LIBOR to SONIA: a bridge to the future by Andrew Hauser

We’re here today to talk about what it will take to get your business ready to transition away from LIBOR.

Surge in South Africans weighing up options to leave the country

Montenegro enquiries increased by 25% in Q3 compared to Q1, and St. Lucia enquiries increased by 46% in the same period, it said.

HSBC fund chief on re-energising a business in the Covid era

Nicolas Moreau faces multiple challenges in transforming the asset manager while the parent bank undertakes restructuring

Offshore Millionaires Become Target of Argentina’s Wealth Tax

Tax would apply to wealthy Argentine citizens living abroad

Oppenheimer Announces Pricing of Senior Secured Notes Offering

The Notes will not be registered under the Securities Act or any state securities law

CaixaBank and Bankia Boards of Directors approve merger plan to create Spain’s leading bank

The Boards of Directors of both banks have approved the exchange ratio of 0.6845 new CaixaBank ordinary shares for every Bankia share.

Societe Generale Securities Services partners with Société Générale Cameroun

Société Générale Cameroun and SGSS will now provide securities custody services from this local platform.

Swiss Banker's Ties to Ruvercap Run Deep

According to the criminal complaint, roughly 80 million euros were to remain on the books of Batagon, the company which bought the battery factory three years ago.

Brexit countdown: Big changes are coming on 1 January 2021 whatever happens as negotiation tensions rise

This note provides a brief update on prospects for a deal, the implications for business with or without one and where to find more information and assistance to navigate the changes.

Legal,Regulation,Tax & Compliance