10/10/2019
Deutsche Bank board member faces likely veto by regulators
ECB and BaFin raise conflict of interest concerns over Jürg Zeltner’s other job as KBL chief
Legal,Regulation,Tax & Compliance
10/10/2019
S&W begins process of recovering £1bn from failed DFM
Reyker provided custody and dealing services to around 15,000 retail and institutional clients.
10/10/2019
Anti-money laundering: Dos and Don'ts
In short, AMLRs require financial services providers (FSPs) engaging in relevant financial business to establish systems to detect things like money laundering and terrorist financing.
10/10/2019
Finma adds new firm to warning list
The regulator’s list includes companies that may be carrying out unauthorised or unsupervised wealth management and banking services.
10/09/2019
Bern Taps Banks on Foreign Policy
The surprising conclusion comes as Bern cultivates closer ties to Switzerland's finance industry; the banking lobby's CEO is the former top Swiss finance diplomat, Joerg Gasser.
10/09/2019
Swiss banking secrecy unravels one year after it officially ended
It is estimated by the Swiss National Bank that India deposits account for 0.07% of the total aggregate foreign client funds held with Switzerland-based banks.
10/09/2019
Bank of the West partners OpenInvest on personalised investing
OpenInvest's technology will enable BancWest Investment Services to generate customized investment portfolios tailored to each individual client's values at a granular level
10/09/2019
OECD leading multilateral efforts to address tax challenges from digitalisation of the economy
The new OECD proposal brings together common elements of three competing proposals from member countries
10/08/2019
Sohar International and EFG International ink pact
EFG International operates in around 40 locations worldwide, with a network spanning Europe, Asia Pacific, the Americas and the Middle East.
10/08/2019
Pressure mounts on Jupiter's Davies as he faces trust sacking
The board's move shines the spotlight on the equally torrid run of performance Davies is enduring on the much larger Jupiter UK Growth open-ended fund, run along the same lines.
10/08/2019
India gets first tranche of Swiss account details
Data will be useful to establish strong prosecution case against those with unaccounted wealth in form of investment in securities or other assets
10/08/2019
Over 130,000 high net-worth individuals served tax notices
The incumbent government has been successful in broadening the tax base during the its first year in the office, as data showed that around 783,039 new taxpayers filed returns with the tax department as a result of various schemes, including a tax amnesty
10/07/2019
QC Corner: James Ramsden QC
The UK court will decide a claim brought by a Russian investor allegedly defrauded when large quantities of bitcoin were sent to an FX trader with the intention that it be converted to $US.
10/07/2019
French Billionaires Make Good On Their Pledges To Repair Notre Dame Cathedral
It comes after church, and business officials said in mid-June that the billionaire French donors who publicly promised flashy donations totaling hundreds of million had not yet paid a penny.
10/07/2019
ESAs highlight money laundering and terrorist financing risks in the EU financial sector
The ESAs are concerned about weaknesses in the control frameworks put in place by financial institutions
10/07/2019
Exchange of information with 75 countries on around 3.1 million financial accounts
Currently, around 7,500 reporting financial institutions (banks, trusts, insurers, etc.) are registered with the FTA.
10/06/2019
Attack on JPMorgan banker in Hong Kong sparks outrage in mainland China
Angry reaction to video of incident, including one commenter saying the behaviour went against the push for freedom and democracy in city
10/06/2019
Appleby Mauritius Advises Azure Power Solar Energy
The USD Notes qualify as green bonds and were certified by Climate Bonds Initiative, a non-profit organisation working solely to mobilise debt capital markets for climate change solutions.
10/06/2019
World Mental Health Day: Mental Capacity and Power of Attorney
What was certainly evident is that there is an increasing awareness of mental health issues and therefore the need for the legal and medical professionals to collaborate when working with clients
10/06/2019
Bank of Ireland accounts 'used to launder €273m in OneCoin scam’
US prosecutors call in current and former officials at lender to testify in cryptocurrency case