Managers of Wealth

The Qualifying Asset Holding Company regime in practice – what have we learnt?

One critical point is that QAHCs are not available to every structure.

The latest changes impacting employers with UK employees

The changes are designed to encourage employers to take a proactive approach to preventing sexual harassment in the workplace.

AML within wealth and asset management – major questions resolved

AI streamlines the detection of irregularities, not only bolstering a firm’s efforts in thwarting financial crimes but also significantly enhancing operational efficiency.

PKB Privatbank SA convicted for corporate liability in connection with aggravated money laundering

The same bank official ensured maximum flexibility for the ODEBRECHT client

'The need for financial planners for non-doms is greater than ever'

Dixon pointed out financial planners will need to upskill themselves as the demand for their services from non-doms will grow.

CS downfall: Finma's letter to the court infuriates investors

A letter from the authority has now been leaked to the media.

CBAM boss: The FCA presumes bespoke is costly but it’s not

While some wealth managers choose to focus on their MPS teams, Close Brothers CEO Eddy Reynolds believes bespoke can work for clients and advisers.

Ex-Geneva private bank board member charged with money laundering

The accused is also alleged to have unduly disposed of more than CHF 14m of assets without his client’s knowledge.

Former asset manager and board member of a Geneva private bank referred to the Federal Criminal Court

The accused is charged with having, between 2009 and 2015, unduly disposed of more than CHF 14 million-worth assets in a bank account in Switzerland entrusted to him by a client.

Amsterdam team advises ABN AMRO Bank N.V.

The acquisition includes Inntel Hotels Rotterdam Center and the adjoining Mainport by Inntel Hotels

Law firm behind 19,000 SJP claims charging 40% plus VAT for wins

AMK Legal, which is not a regulated claims management company, is charging clients more than the 30% cap on CMC fees introduced by the FCA in 2022 on successful claims.

SG money laundering suspect charged with submitting fake docs to Julius Baer

Turkish national suspect Vang Shuiming faces six new charges, including using forged financial statements to open an account at the Swiss private bank's Singapore branch.

FINMA assesses Zürcher Kantonalbank's emergency plan as feasible

The issuance of bail-in bonds worth around CHF 1.5 billion in 2023 helped Zürcher Kantonalbank to fully build up the required gone concern funds

The time to lock-in high interest rates is now

The SNB is clearly not worried about any detrimental effects from a slightly weaker Swiss franc as it precedes others in loosening monetary policy.

FINMA proceedings: Banque Audi (Suisse) SA violated money laundering regulations

In addition, FINMA has ordered the disgorgement of profits totalling CHF 3.9 million and a capital surcharge of CHF 19 million.

BLKB subsidiary starts with comprehensive real estate advice

The Swiss real estate sector has a major influence on environmentally relevant factors

Carey Olsen named Offshore Law Firm of the Year at the WealthBriefing European Awards

Carey Olsen has been named Offshore Law Firm of the Year at the twelfth annual WealthBriefing European Awards 2024.

FCA publishes proposed guidance on new anti-greenwashing rule

The guidance acts as an aid to the implementation of the current anti-greenwashing rule, and provides four key principles that any sustainability claim must consider.

FINMA annual media conference: For a stable financial sector

FINMA made a decisive contribution to stabilizing the financial markets in March 2023, when Credit Suisse was threatened with imminent insolvency.

FCA’s warnings on poor financial crime controls

The firms we assess are informed of our findings and supervisory action is taken with those firms based on those findings”.

Legal,Regulation,Tax & Compliance