Managers of Wealth

«Breaking Bad» in Banking

Authorities found a professional laboratory equipped to manufacture synthetic drugs including crystal meth.

Ex-Falcon Board Members Charged

The two are being investigated by Swiss prosecutors and the banking regulator, which allege they used their position on Falcon's board to enable 1MDB to conduct unlawful business.

‘London’s finest finance broker’ jailed after glassing banking rival in the face at boozy corporate bash

The victim was left needing stitches for a deep, ragged cut across his face after the incident at a pub in the Channel Islands.

Guernsey courts endorsed for “big ticket” disputes

Mr Kosky praised the Guernsey courts for a “virtually paperless” trial and a judgment made within nine months of the hearing concluded, particularly, he said, when Guernsey had little track record of litigation of such a size.

No new principal company, finance branch rulings as from 1 January 2019

Existing rulings for these regimes are scheduled to sunset on 1 January 2020 as part of the Swiss Tax Reform and AHV Financing bill

Legal 500 recognition for Carey Olsen's Cayman Islands practice

The office has moved up to tier two for dispute resolution and into tier three for investment funds, which is referenced as a 'growing practice' for Carey Olsen.

SocGen resolves legal claim with platform tech provider FNZ

Claim from SocGen's global markets division

Double Trouble for Your Wealth: Rules and Regulations

Rules are meant to keep things rolling smoothly, but if you don't understand them or decide to try to steer around them, you could be headed for big trouble.

Substance Requirements by SMP Partners

Whilst these are significant changes and will increase the level of documentation and reporting required, it is likely that most companies will either meet the substance requirements or will not be caught by the new rules.

Jersey funds choosing Carey Olsen according to new industry research

Carey Olsen now provided legal advice to 670 such funds at the end of June 2018

Cyborg supervision – the application of advanced analytics in prudential supervision

Advanced analytics are also likely over time to lead to changes to the way we do our jobs as supervisors.

SocGen to pay $1.3 billion to settle U.S. sanctions case

“The absence of an effective, global sanctions-compliance infrastructure and lack of management oversight allowed Société Générale employees to ignore the scope and applicability of laws governing economic sanctions, as w

UBS Securities pays $120,000 infringement notice

UBS purchased approximately 18 million securities over a 7-month period in relation to the buy-backs in circumstances where UBS purchased the securities other than by the matching of orders on an order book. UBS reported the transactions to ASX as ‘

Understanding EU anti-money laundering law

This article highlights key aspects of the EU’s fourth and successive directives, which are an important part of Europe’s response to financial crime.

KPMG named a global market leader in Organization Strategy Consulting by ALM Intelligence report

KPMG’s Connected Enterprise framework is noted as driving ‘end-to-end business transformation’.

UBS Has $6 Billion Question; French Judges Will Give Answer

The attorneys were relentless in questioning the truthfulness of whistle-blowers who helped trigger the probe.

Man Utd legend Andy Cole sues Coutts over tax avoidance scheme

Cole is reported to have lost £8 million through film investment schemes promoted by the Queen's bank.

FCA issues scam warning over wealth management firm

This firm is not authorised by us and is targeting people in the UK.

Sexual harassment: is it fit and proper? - Withers

The FCA appears not to have thought about how it will approach its analysis of these types of allegations.

The SEC stays active in 2018 with continued action from its enforcement division

In our view, the Division’s first principle—focus on main street, retail investors—is a bit of a shift in priorities by the current administration, away from attention on the Wall Street institutions and the practices that many blamed fo

Legal,Regulation,Tax & Compliance