Managers of Wealth

Swiss Banker Guilty of Corporate Espionage for Leaking Data on Tax Dodge

Banker found guilty of one count of corporate espionage

New regulatory framework for online operators?

Taylor Wessing is able to advise on the implications of and compliance with the new proposals.

Feds seize Michael Avenatti's $4.5million private jet amid tax scandal

Avenatti was accused last month by the IRS of failing to pay taxes on millions of dollars in personal income and through his firm

India requests bank details of those named in SwissLeaks

SwissLeaks showed that he held over $4 million at the bank in 2007 along with his brother Gurbachan Singh Dhingra.

UBS Shareholders Urged to Reject Bank's Compensation Report

UBS had proposed a pay package that included 14.1 million francs ($14 million) in compensation for Chief Executive Officer Sergio Ermotti for last year.

UBS Fires Investment Banker

The investment banker denied the allegation and will fight the dismissal.

Business Aviation Law in Europe - A Practical Guide 2019

Originally published in the Business Aviation Law in Europe - A Practical Guide 2019

Edge, Fog Or Cloud? How The Internet Of Things Is Shaking Up How – And Where – Data Are Handled

There’s another compelling reason for processing data at the edge or in the fog: increased data security and user privacy protection.

FCA fines Standard Chartered Bank £102.2 million for poor AML controls

This is the second largest financial penalty for AML controls failings ever imposed by the FCA.

Gibraltar-based law firm to join fast-growing network

The consideration for the acquisition, which is entirely payable in cash, comprises £342,000 paid on completion with the deferred consideration related to the turnover achieved by the business over the next three years and paid quarterly.

Venezuela: Finma's Julius Baer Probe

Julius Baer has never confirmed that Finma had initiated an enforcement procedure against the bank and the authority isn’t commenting either.

Taking the Pulse of Africa’s Economy

The report notes that the three largest African economies—Nigeria, Angola and South Africa

UK HMRC Increases Focus on Combatting Tax Evasion

In March 2019 HMRC published the outcome of an IPSOS poll of more than 1,000 businesses

Disputes with the taxman surge 40%

The company claims the rise is due to the taxman having access to more data about individuals.

Freshfields scrutinised over review of UBS rape allegation

Solicitors’ regulator opens file on whether law firm was transparent about bank relations

Chinese Investors Look to Greece for Controversial ‘Golden Visas’: Report

Nearly 60 percent of the visas granted since January 2018 have gone to Chinese investors, while visas granted to Turkish investors have also risen sharply over that period, the New Zealand-based media outlet reported.

FSB publishes directory of crypto-assets regulators

The FSB also conducts outreach with approximately 70 other jurisdictions through its six Regional Consultative Groups.

The impact of China’s new Foreign Investment Law

This bulletin analyses some of the open questions.

JFSC proposes fee changes for registry services

The JFSC last increased registry fees in 2017 and, prior to that, charges had not been increased for 13 years.

Fraudsters jailed for duping wine investors out of nearly £1m

The five men operated three fake companies

Legal,Regulation,Tax & Compliance