Managers of Wealth

Licences of two law firms revoked over anti-money laundering failures

The unit has already been informed about the two firms whose licences have been revoked.

Credit Suisse Wins Bid to Keep Fraud Report Secret

Geneva court suspended prosecutor’s plan to share Finma report

Regulators investigate elite London law firm

Solicitors Regulation Authority has spent at least two years scrutinising firm

Why Wealthy American Executives Are Exploring New Citizenship Opportunities

Many are turning to citizenship by investment to alleviate travel restrictions and safety concerns.

Noteworthy recent SEC rule changes

The amendment to the definition of “Accredited Investor” is effective 60 days after publication in the Federal Register

EU FinCrime Chief Eager to Crack Down on Money Laundering

However, with a centralized unit, increased communication between financial authorities through the Union should go a long way.

Three Carey Olsen lawyers make shortlist for Citywealth Future Leaders Awards

Winners will be chosen by a panel of wealth management professionals, with an online public vote carrying a 10 per cent weighting in the judges' final decision.

Legal Business Awards 2020 – Private Client Team of the Year

The global firm’s offering comprises lawyers (litigators and tax experts), accountants, transfer pricing specialists, economists and VAT/customs experts, to provide a one-stop shop for clients with complex structuring needs.

Greg Haddow Shortlisted for Citywealth Future Leader Award

The awards are judged by an international panel of wealth management professionals in the private wealth management sector.

Two Dickinson Gleeson partners shortlisted for Citywealth Future Leaders Awards

Robert Christie has been nominated for International Financial Centre Lawyer of the Year – Partner and Mentor, whilst Guillaume Staal has been nominated for IFC Lawyer of the Year – Senior/Managing Associate

McMafia powers put banks off Russians

Other banks are understood to have taken similar steps.

Financial dialogue between Switzerland and United Kingdom

They agreed that the technical work should continue and that the next steps in the cooperation would be decided during a meeting to be held before the end of 2020.

Swiss-Italian travel agreement settles cross-border tax questions

David Wigersma and Giuseppe Sarno of Deloitte Switzerland explore how the governments of Switzerland and Italy have clarified the tax rules for cross-border workers affected by the coronavirus pandemic.

Credit Suisse ordered shadowing twice more, report says

The Tages Anzeiger's sources said there were two cases, one in the US and one in Asia.

Switzerland's PDVSA Problem

The new cases emerging four years ago, Finma said at the time, indicate corruption and rinsing of several billion in funds.

The UK’s Financial Conduct Authority seeks to expand the scope of financial crime reporting requirements

The proposals extend the REP-CRIM requirement to firms which the FCA considers pose a higher money laundering risk, including cryptoasset firms and certain regulated insurers not covered under the existing REP-CRIM regime.

Mirabaud Surfaces in Venezuelan Scandal

Mirabaud held at least $4 million for Abraham Shiera, a Venezuelan businessman who was indicted on conspiracy and corruption charges by U.S. prosecutors in connection to the oil scandal.

FINMA Launches Enforcement Proceedings Against Credit Suisse

The bank’s chief operating officer Pierre-Olivier Bouée was fired from Credit Suisse in October 2019 after admitting he personally ordered the surveillance to protect the bank’s interests.

Britain leads exodus of wealthy citizens abandoning home for rates relief from Rome

Britons are leading the charge to take advantage of the scheme, with 78 leaving the UK for Italy since the tax break was introduced in 2017.

Rui Pinto Football Leaks trial starts in Portugal

Rui Pinto's house arrest was lifted last month

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