03/24/2022
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
A breakdown of three recent major developments.
03/24/2022
While information on individuals or individual assets could not be disclosed, Bollinger confirmed that frozen assets included properties in tourist regions.
03/23/2022
"All of (Alisher) Usmanov's properties were settled into the irrevocable trusts long before the sanctions came," a spokesman says.
03/23/2022
A dozen lenders including Raiffeisen Bank, Societe Generale and Citigroup have about $100 billion of combined exposure to Russia
03/22/2022
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
In addition, there were other court decisions that established the existence of ill-gotten wealth by the Marcoses
03/22/2022
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
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
03/21/2022
Switzerland's adoption of the EU's sanctions against Russia ensnared around 870 individuals and 62 companies, but there are wider implications for those holding Russian passports or maintaining a residence in Russia.
03/21/2022
How to improve the EU’s AML Package on beneficial ownership registration
This report contains the Tax Justice Network’s proposed amendments to improve the EU’s draft Anti-Money Laundering (AML) Package with regard to beneficial ownership registration.
03/21/2022
Qealth manager banned for fraud
Was found to have transferred clients’ money to his personal account.
03/20/2022
SARS intends to go after ‘unexplained wealth’, and has proposed that all provisional taxpayers with assets above R50 million be required to declare specific assets and liabilities at market values in their 20203 returns.
03/20/2022
That responsibility ultimately lies with governments, she said, but firms operating these programs like Henley & Partners should be obliged to follow anti-corruption and anti-money laundering laws.
03/18/2022
The agreement will apply as from 1 January 2023
03/18/2022
(Not so) Unexplained Wealth Orders
This new provision to allow UWOs to be made against person who don’t actually hold the property is designed to prevent people hiding behind complex corporate structures.
03/18/2022
The newly released commentary on the GloBE model rules indicates that the implementation of the new rules “is envisaged by 2023.”
03/18/2022
he orders took effect on Wednesday (Mar 16) after Loh was convicted of cheating and forgery offences, and using the benefits of his criminal conduct.
03/17/2022
The Isle of Man’s Minister for Enterprise, Dr. Alex Allinson, told the BBC on Tuesday that deregistering a ship means it cannot legally take to the sea.
03/17/2022
The BoE had no choice but to keep raising rates.