Managers of Wealth

Two Russian Banks Excluded From Swiss Banking

Gazprombank (Switzerland) Ltd and Sberbank (Switzerland) Ltd excluded from the Swiss Bankers Association

Private banks and investment firms face Russian client dilemma

As the net tightens around Russian wealth following the outbreak of war, investment firms need to pay close attention to their client banks to make sure they are not caught up in the crisis.

Economic Crime Bill to introduce long-awaited register of foreign beneficial owners of UK land

The Bill also contains provisions to beef up the system of unexplained wealth orders.

CS sues in Australia over greensill funds

The big bank had suffered significant losses in the business with so-called supply chain funds, as finews.ch has reported on various occasions.

Private Banking: Moscow Does Not Answer Anymore

Until now, that option was considered as «going nuclear» when it came to Russian sanctions and taking the step had been a controversial one within the EU.

Credit Suisse asks investors to destroy documents linked to oligarch and tycoon yacht loans

Swiss bank issues legal request to stem information leaks after FT story on lending unit

EBRD moves forward with action against Russia and Belarus

To pass the resolution under Article 8.3 requires the support of a majority of not less than two thirds of the Governors, representing not less than three fourths of the total voting power of members.

Swiss Look Set to Freeze Russian Assets

Last week, Russia sent troops into Ukraine and launched missile strikes near major cities and military infrastructure, sparking a new geopolitical crisis with far-reaching implications.

South Africa: Wealth declaration is not all negative

Allows government to gather better information before starting to make any tax moves.

U.K. Plans New Law to Crack Down on Foreign Money Laundering

Law will set up registry of foreign owners of U.K. property

The Swiss banking clean-up is a mirage

The impact of Swiss ‘success’ in these areas amounts to, TJN estimates, tax losses suffered by other countries of some US$21 billion a year, or enough to fully vaccinate more than a billion people against COVID.

Singapore to Join «Like-Minded Countries» on Russia Sanctions

Singapore intends to act in concert with many other like-minded countries to impose appropriate sanctions and restrictions against Russia

Hong Kong financial industry hails tax breaks for family offices

The budget is for Hong Kong’s fiscal year which begins on April 1.

Evaluating Investment Opportunities: The Confidentiality Agreement stage and (6) key points to note.

The approach of “opting-out” of receiving personal data is often proposed in the course of negotiating the terms of an NDA.

Suspect in Massive Kenyan Corruption Case Stashed Millions in Swiss Bank Account

The data was provided by an anonymous source to the German newspaper Süddeutsche Zeitung, which shared it with OCCRP and 46 other media partners around the world.

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.

Legal,Regulation,Tax & Compliance