10/28/2019
KPMG mulls plans to shut down its private members' club
It is understood that around 50 roles were placed at risk of redundancy as a result of the restructure.
Legal,Regulation,Tax & Compliance
10/28/2019
UBS Wants Top Exec Iqbal Khan to Withdraw Criminal Complaint
UBS declined to comment on the ongoing criminal proceedings to SonntagsZeitung.
10/28/2019
All about change - Frontiers in Finance
Challenges and opportunities facing banks, insurers and asset managers as they transform for sustainable growth
10/28/2019
EY: Gold, drug money and a major auditor's 'cover-up'
The following year the accountancy firm EY, formerly known as Ernst and Young, had been asked to conduct a review of Kaloti's compliance
10/28/2019
BlueCrest Capital hedge fund sues two traders, accusing them of lying to get big bonuses
The company says it paid bonuses of £230,788 to the two equities traders that month and allocated £3.5m of deferred bonuses to them the following month, most of which they drew in April.
10/28/2019
Vatican bank chief says latest scandals are true proof of reform
While all that may make it tough to assess the latest round of purported scoops and stern denials, what’s becoming clear, at least, are the dueling narratives at work.
10/28/2019
Gold standard for Chinese corruption
A haul of 13.5 tonnes from the basement of just one official’s home is shining proof.
10/28/2019
Nordea Managers of $350 Billion Shielded From Deep Job Cuts
The head of Nordea’s wealth unit, Snorre Storset, says a plan to cut jobs across the organization won’t affect portfolio managers in his unit.
10/27/2019
FCA new webpage on Cryptoassets: AML/CTF regime
The MLRs apply to businesses in a range of sectors at risk of facilitating money laundering or terrorist financing
10/25/2019
Tidjane Thiam: The "WEF in the desert" is calling
This year, the second-largest Swiss bank is prominently represented there.
10/25/2019
Glarner Kantonalbank draws line under litigation with ex-bosses
The bank is now able to credit around CHF 6.5 million to its annual result, as it can release provisions made for the proceedings.
10/25/2019
Singapore sees cash starting to flow from turbulent Hong Kong
The extra cash is welcome news for Singapore, whose economy is slowly slipping towards a recession as speculation grows that Prime Minister Lee Hsien Loong will announce an election well before one is due in April 2021.
10/25/2019
FATF guidance on Beneficial Ownership for Legal Persons
The report also makes recommendations on how to ensure authorities can access information on beneficial ownership of overseas entities.
10/25/2019
Half of the wealth in Cyprus and Malta kept offshore: EU report
Offshore holdings, although in many cases completely legal, could help taxpayers hide taxable money and cut their bills if they stash their savings in low-tax jurisdictions.
10/25/2019
Walkers Grows Largest Offshore Regulatory Practice Group
The group is strategically positioned across the Americas, Europe and Asia to ensure the most comprehensive and global coverage for clients.
10/24/2019
Traders at Ermotti’s UniCredit Unit Recount Cum-Ex Free-for-All
The investigation into a practice that German authorities now say is a tax heist has riveted financial circles, ensnared dozens of banks and exposed a sprawling network of financiers, short-sellers and middlemen.
10/24/2019
Meeting the Regulatory and Compliance Challenges that Lie Ahead
Staying ahead of the game - A firm-wide commitment to compliance Guests agreed that it is essential to take a proactive approach to regulation and compliance, taking a bank or firm-wide approach
10/24/2019
What Are The Key Trends Shaping The Fund Finance Industry In Asia?
The event aims to bring together investors, fund managers, bankers and lawyers for education and networking within the fund finance market.
10/24/2019
US Poised To Crack Down On Anonymous Shell Companies
The United States is one step closer to putting an end to anonymous shell companies with the Corporate Transparency Act passing the House of Representatives.
10/24/2019
Private wealth specialist speaks on economic substance
While the economic substance rules introduced across jurisdictions are largely similar, there are nuances from one jurisdiction to the next.