03/28/2022
High-End Swiss Watches Confiscated in Russia
It is hard to think of something more symbolic of Switzerland than watches.
Legal,Regulation,Tax & Compliance
03/25/2022
Corruption Probe Derails UBS’ China Plans
In addition, the plans are also being reviewed as the scope for the business was overestimated after China’s banking and insurance regulator published new rules in 2021.
03/25/2022
Russian Inheritance Battle Reaches Switzerland
The whole thing has unraveled into this veritable War of the Roses that the boulevard press has followed closely.
03/25/2022
Consultation paper released on proposed tax concession for single family offices
After taking the comments into consideration, a tax amendment bill will be introduced to the Legislative Council.
03/25/2022
Central bank digital currency platform shows progress in fintech
The prototypes of a shared platform for central bank digital currencies highlight the progress in distributed ledger technology.
03/25/2022
OECD requests comments on reporting framework for crypto-assets and amendments to CRS
The OECD announcement indicates that the CARF would cover “crypto-assets that can be held and transferred in a decentralised manner
03/25/2022
Ogier named best offshore firm
This year, more than 20,000 votes were cast in total, and the winners were announced at gala event in London on Thursday 24 March.
03/25/2022
Deutsche Bank stops accepting rich Russian expatriates as clients
Understand the impact of the Ukraine conflict from a cross-sector perspective with the Global Data Executive Briefing: Ukraine Conflict.
03/25/2022
Ukraine: Implementation of further EU sanctions
The Federal Council decision of 25 March means that Switzerland remains in line with the measures imposed by the EU
03/24/2022
Bermuda court decision: Credit Suisse announcement
Credit Suisse has previously taken reserves against this matter and intends to pursue all available legal actions.
03/24/2022
Credit Suisse loses case over banker who stole from billionaire clients
Bank expected to pay at least $500mn in lawsuit brought by former Georgia prime minister
03/24/2022
FINMA considers recovery and resolution planning by the “too big to fail” institutions to be well on track – but there are still gaps
FINMA considers the emergency plans of the domestic systemically important banks PostFinance, Raiffeisen and Zürcher Kantonalbank not to be ready to implement for the time being.
03/24/2022
Increased Crackdown on Citizenship and Residency by Investment Programs
A breakdown of three recent major developments.
03/24/2022
Billions in Russian Assets Freezing at Swiss Banks
While information on individuals or individual assets could not be disclosed, Bollinger confirmed that frozen assets included properties in tourist regions.
03/23/2022
Alisher Usmanov: Russian billionaire's UK homes beyond reach of sanctions after being 'placed in trusts'
"All of (Alisher) Usmanov's properties were settled into the irrevocable trusts long before the sanctions came," a spokesman says.
03/23/2022
Wall Street Is Scrambling For the Exits in Moscow — and Billions Are at Stake
A dozen lenders including Raiffeisen Bank, Societe Generale and Citigroup have about $100 billion of combined exposure to Russia
03/22/2022
UBS Named as Bank for Shell Company of Roger Ng’s Wife
In the latest development, FBI special agent Sean Fern took the stand and testified about Lim’s role in setting the shell entity using a raft of emails as proof.
03/22/2022
Ill-gotten wealth and the estate taxes of the Marcoses
In addition, there were other court decisions that established the existence of ill-gotten wealth by the Marcoses
03/22/2022
5 instant reactions from KPMG on SEC proposed rules
ESG engagement has been driven by investor demand and CEOs seeking to gain an ESG advantage in the marketplace with talent and customers.
03/22/2022
Regulation fatigue and inflation top worry list for asset management CEOs
BNY Mellon’s Hanneke Smits, Feri’s CEO Marcel Renné, and ALFI’s deputy director Marc-André Bechet outlined the biggest challenges investors face in 2022