Managers of Wealth

Situation in Ukraine: Switzerland extends its measures

Annex 3 (Prohibition of new business relationships) is being extended in accordance with several decisions taken by the EU.

The EU Commission's proposal for a directive on corporate sustainability due diligence

The Proposed Directive aims to foster the sustainable and responsible behaviour of in-scope companies operating in the European Union (the EU) throughout their global value chains.

Ex-Goldman Sachs banker’s 1MDB trial to be paused on new evidence disclosure

Prosecutors reveal ‘inexcusable’ omission of 15,500 documents in second week of Roger Ng’s case

Prosecutors request highest possible fine for Credit Suisse

Two Bulgarians and a Swiss banker are also on trial.

Industrial and service cooperatives work to make green and digital transition inclusive for everyone – and they need more support

Transition pathways are intended to guide the green and digital transitions of EU industry, or the so-called twin transition.

Banks' risk-based capital ratios remained stable and liquidity ratios improved in H1 2021

The monitoring exercises also collect bank data on Basel III's liquidity requirements.

Revealed: king of Jordan used Swiss accounts to hoard massive wealth

The data was shared with the Guardian and 47 other media outlets as part of a global investigation called Suisse secrets.

Seba Bank opens Abu Dhabi office

The office opening in Abu Dhabi will further accelerate the considerable growth that SEBA Bank has achieved over the past year.

Investec to seek UK court approval over Ninety One distribution plan

The court will be determined whether, for the purposes of voting at the court meeting, Investec PLC UK-registered shareholders and Investec PLC South African-registered shareholders should be treated as a single class in which case they would vote togethe

Agnelli Family Pays €746M in Italy Tax Dispute

Exor SPA had applied participation exemption regulations in 2016, when it merged with its Dutch subsidiary Exor Holding N.V., which would have excluded nearly all capital gains from taxable income in calculating the exit tax, the report said.

‘Golden visa’ lawyers call for UK to rethink blanket ban

Critics say end of scheme risks billions in overseas investment due to myth that ‘foreign money is dirty money’

Finma contacts Credit Suisse after leak reveals criminal clients

The Organized Crime and Corruption Reporting Project alleged Credit Suisse flouted international banking rules by having human rights abusers and criminals as its clients.

Complex Ownership Structures: Addressing the Risks for Beneficial Ownership Transparency

The report attempts to address some of the comments at the roundtable which questioned whether there is a need to regulate complexity or whether there’s adequate evidence that complexity is actually abused.

Credit Suisse Accused of Downplaying Murders at Trial

For the Federal Prosecutor's Office, the incidents are a convincing argument for the inadequate money laundering defense at Credit Suisse

Singapore Punts on Wealth Tax

That doesn’t mean Singapore’s wealthy will walk on paying their share of the city-state’s growing needs.

Assessment of Risks to Financial Stability from Crypto-asset

Direct connections between crypto-assets and systemically important financial institutions and core financial markets, while growing rapidly, are limited at the present time.

U.S. Tax Issues Linger For Some Swiss Banks

Threatened with criminal charges, ZKB reached a settlement with the U.S. Department of Justice (DoJ), which at the time included a fine as well as a probationary period of several years.

An Overview of OECD Pillar 2

Addressing the tax challenges raised by digitalization has been a priority of the OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS) since 2015.

Carey Olsen secures third straight year as leading legal adviser to Jersey funds

The firm's third year atop the annual rankings follows five years of standout growth

Wealth management platform advised by A&O

The A&O team is led by private equity partner Karan Dinamani

Legal,Regulation,Tax & Compliance