In a case drawing international scrutiny, the Federal Supreme Court by a 3-2 majority rejected an appeal by Zurich prosecutors in the case involving former private banker Rudolf Elmer, who denied all the charges.
The case, which stretches back more than two decades, comes at a delicate time for Julius Baer, Switzerland’s third-largest wealth manager.
The hearing in the Tribunal de Grande Instance in Paris kicked off with UBS repeating its stance that the French state had disregarded due process, and the separation of powers had not been observed, as reported by the news agency «AWP», among
The agreement does not affect the threat that the British government may impose public beneficial ownership registers in the overseas territories through an order in council, if they have not been implemented by 2020.
Speech by Megan Butler, Executive Director of Supervision - Investment, Wholesale and Specialists at the FCA, delivered at The Pan Asian Regulatory Summit 2018, Hong Kong.
They used encrypted computers, had business cards without the lender’s logo and were told to switch hotels regularly, according to prosecutors.
Simon Leaf, who specialises in commercial contracts for Mishcon de Reya, said the star's backers may seek to get back a 'chunk' of the fortune they have already paid him
In Switzerland, he is not an unknown entity either: the Swede has aristocratic roots, his father was a well-known diplomat, and clients he allegedly defrauded have turned to Swiss regulator Finma.