Managers of Wealth

SFDR to determine future fund flows in Europe despite greenwashing concerns

Article 9 funds saw inflows in Q2

Credit Suisse chief Ulrich Körner faces early test in $800mn Singapore trial

Georgia’s former prime minister Bidzina Ivanishvili has already won $608mn in related case

Credit Suisse court spat with billionaire kicks off in Singapore

The dispute with Ivanishvili adds to the problems the newly appointed chief executive officer Ulrich Koerner and chairman Axel Lehmann are keen to resolve as the bank reels from reputational hits in the last 2 years.

Swiss Sberbank goes to entrepreneurs with Lebanese roots

The transaction has received the approval of the authorities responsible for the sanctions provisions in Switzerland and abroad, Finma said.

UAE wealth firms fined for regulatory breaches

Watchdog said it is ‘committed’ to make companies comply with the rules

Our tax system is in urgent need of an overhaul

Tax rules are stacked in favour of the rich and unless there is meaningful change we could be heading for disaster

Leo Wealth Opens Tokyo Office for US Tax Services

The new office will specifically focus on US income tax preparation and planning, tax compliance, and cross-border inheritance tax planning and tax-efficient outcomes.

Completion of BNP Paribas Jersey Trust Corporation Limited

This latest deal will bring additional scale and local expertise to ZEDRA’s already fast growing Jersey office.

Tax non-compliance to be ‘hard and costly’: Sars wealth unit director

Anyone believing that they are ‘out of sight, out of Mind’ may fast find themselves being approached by revenue service, says Natasha Singh.

Insurance woman wins discrimination lawsuit against Swiss Re

Sommer says she was passed over for two managerial positions while she was on maternity leave, despite having more experience than those hired later.

Bank compliance for wealth management subsidiaries

When establishing BWMS, the qualifications and business capacities of shareholders, especially initiators and controlling shareholders, are of great concern and strictly examined by regulators.

UK FCA issues clarification on IFPR and SM&CR

This was to retain the definition in the FCA’s rules following deletion of the IFPRU sourcebook.

‘Absolutely glorious’: Malaysians hail jailing of Najib Razak

Malaysians say they hope Najib’s jailing serves as a warning against corruption as the former prime minister spends his first day in prison at a complex outside the capital.

UBS set for CHF 200m fine over messaging app misuse – report

The banks will also admit their staff’s use of the apps, such as WhatApp, was against regulations, the article continues.

Six’s regulator says biotech broke reporting rules and proposes sanctions

The company allegedly violated the regulations in the financial reporting of 2019 and 2020.

Credit Suisse Investment Bankers Are Bracing for Brutal Cutbacks

Conversations with about a dozen Credit Suisse dealmakers, traders, financiers and wealth advisers, who asked to remain anonymous, depict an investment bank braced for a reckoning.

UBS Faces Fine Over Messaging App Misuse

The settlement is expected to be announced by the end of September.

Changes to HMRC’s Trust Registration Service – do the new rules apply to you?

The deadline for affected trustees to register their trusts on the TRS is 1 September 2022.

Chambers Global Practice Guides - Private Wealth 2022

The guide provides information on 34 jurisdictions

C Hoare & Co sells tax advice business

Acquirer says deal was a ‘natural move’

Legal,Regulation,Tax & Compliance