Managers of Wealth

Swiss investigation launched into alleged ‘Covid credit’ fraud

The Office of the Attorney General of Canton Vaud opened an investigation last week involving several Swiss nationals,

Australian wealth manager says class action to end without payouts

By that time, IOOF had lost half its market value and suffered the departure of its top executives.

Ex-Coutts Banker on Trial Over $700 Million Transfer From 1MDB to Jho Low

Coutts among three Swiss lenders fined over 1MDB scandal

Pilatus fined for failing to give information to FIAU

Bank was fined for its failure to reply to two 2017 requests for information

Switzerland cooperates with Vatican fraud investigation

The Vatican’s prosecutor opened an investigation into the funds last October after it emerged that some of the money invested came from donations to the Peter’s Pence charitable collection.

Credit Suisse CEO expects staff cuts, report says

The bank has a four phase plan to return to normal and reopen closed bank branches, which includes free anonymous Covid-19 antibody testing.

Carlos De Serpa Pimentel Recognised in Citywealth's Top 100 Trust Litigators List

Carlos has previously been recognised as a top trusts lawyer in Chambers Global, Legal 500, Who’s Who Legal, and more.

English High Court rules former Leeds United MD David Haigh rebranded as #FreeLatifa “human rights lawyer“ a “fraudster”

High Court rules to retrieve Haigh’s hotel and farm, bought with embezzled funds.

Blockchain Principles Launched To Preserve And Protect User Rights

The blockchain ecosystem needed a baseline for designing applications that preserve the rights of users

New Supervisory and Enforcement Regime on the Horizon: Practical Guidance for Financial Institutions

In Q1 2021, the Commission will publish legislative proposals "to deliver a single rulebook in the field of AML/CFT, based on a thorough impact assessment.

How ‘Baby Al Capone’ pulled off a $23.8 million crypto heist

Ellis’ bedroom in the $1.3 million home he shared with his family, including his NYU Langone-physician mother, had three computer monitors for playing his favorite games, Counter-Strike and Call of Duty.

The COVID Crisis Law Firm Layoff Tracker: What’s Your Firm Doing To Survive?

The latest updates on the salary cuts, furloughs, and layoffs that are taking over the legal industry.

Sales tax legislation – the bane of the art market?

The use of a foreign trade zone for artworks is often unnecessary anyway, because (with some exceptions) U.S. customs duties typically do not apply to artwork.

Coronavirus FAQs for UK employers: returning to a safe working environment

Employer’s liability insurance provides cover for certain kinds of employer liability such as breach of the duty of care or breach of statutory duty

Going Private Transactions During Covid-19 by Appleby

The Courts in all of the jurisdictions above have proactively moved towards virtual hearings to facilitate the continued conduct of Court business.

Millionaire Monaco-based Matalan founder sues PwC over tax liability

This alleged non-residence led Hargreaves to claim he was not liable to capital gains tax on a gain of £200 million arising on the disposal of Matalan shares during its time as a public company.

CI Financial buys remaining stake in WealthBar

The 25% minority stake purchased by CI had been held by WealthBar executives.

COVID-19 – Global Implications for Anti-Money Laundering and Counter-Terrorist Financing

With criminals trying to take advantage of pandemic fears, regulators and national governments have warned against an increase in criminal scams and laundering opportunities often associated with crises like the current pandemic.

The Impact of Foreign Investment Control on Cross-Border Transactions: Charting a Course in Uncertain Times

While some Western countries – in particular the United States and Australia – have had strong foreign investment control regimes in place for many years, new regimes have proliferated in the last five to 10 years, particularly in Europe.

Credit Suisse targets Luckin ex-billionaire's family assetsLenders led by Credit Suisse

Banks that participated in the loan facility to Lu’s investment vehicle have signaled they plan to sell Luckin shares pledged as collateral, though its unclear whether they’ve started offloading the stock or how much money they’ll be abl

Legal,Regulation,Tax & Compliance