04/13/2022
Ex-Raiffeisen head sentenced to over three years in jail in corruption case
He told the court that a nearly CHF 200,000 expenses bill for visits to strip clubs was primarily business related.
Legal,Regulation,Tax & Compliance
04/13/2022
Vincenz case: Raiffeisen has to fight for the millions it is suing for
Like Vincenz and three other suspects sanctioned in Zurich, the path to appeal is open to him.
04/13/2022
Investigators are putting the case against Ralph Hamers on the back burner
There are currently other high-profile investigations against three former managers of the major domestic bank ABN Amro.
04/10/2022
Tax Talk- Main Residence Tax Relief
This relief is so common that many people would not even consider the tax consequences of selling their home.
04/10/2022
Millionaires Fleeing South From New York Tax Smack
Despite constant bashing from class-warfare-obsessed progressives, those much-maligned millionaires and billionaires generate most of the city’s and state’s tax revenues.
04/08/2022
Sports and Crypto: $A Sign of things to come?
The ASA’s ruling, however, may be indicative of the anticipated sea-change by way of increased regulatory scrutiny of cryptoassets.
04/08/2022
Greece: Revisions to tax rules related to joint bank accounts and family offices
Prior to the law’s enactment, the exclusive purpose adopted by family offices was limited to the administration and management of the family’s assets and investments.
04/07/2022
Handelsbanken research finds charities missing out on tax relief worth £940 million
The research finds that 60% of charity supporters are not claiming tax relief on personal donations, and follows the release of Charity Commission data finding 60% of organisations have suffered a drop in income during the pandemic.
04/07/2022
Europe rethinking its rules on government debt to meet new global challenges
During the pandemic, they were put on hold temporarily so that governments could spend more, but they are due to return in 2023.
04/07/2022
Stephenson Harwood wins two awards at WealthBriefingAsia Greater China Awards 2022
The firm received these awards in recognition of its performance and innovative approaches over the past year.
04/06/2022
Allfunds enters an agreement to acquire Web Financial Group
This technology will complement Allfunds’ already strong digital offering including data & analytics which continue to bring efficiencies to the fund distribution ecosystem.
04/06/2022
Ex-Bank of America Bankers Are Among 6 Banned by Fed Over COVID Loan Fraud
Autumn Jordan and Manuel F. Pinazo, who previously worked at Merrill Lynch Wealth Management, were among those who applied for assistance under one of the government’s COVID-19 relief programs "based on false and fraudulent representations and
04/06/2022
IMF welcomes Switzerland's forward-looking policy, given global risks
The regular evaluation of the economic and financial situation of its member states, the so-called Article IV Consultation, is a core element of the IMF's surveillance activity.
04/05/2022
Credit Suisse: Indecent Proposal
The situation had become increasingly tense between the two institutes.
04/05/2022
Fighting history: monetary policy and flattening yields
The war in Ukraine has created a commodity shock that has intensified inflationary pressures, accelerating the need for monetary policy to respond.
04/05/2022
Association founded to increase the cyber-resilience of the Swiss financial centre
Cyberincidents that damage the reputation of the Swiss financial centre or that could lead to a severe financial crisis pose an increasing threat.
04/04/2022
Prince Andrew, the banker … and a mystery £750,000 ‘wedding gift’
Entrepreneur Selman Turk is being sued by a Turkish millionairess, in a case involving a payment to the Duke of York
04/04/2022
Cum-Ex: Extradited tax lawyer is on trial in Germany
The tax attorney has to answer in Bonn for tax evasion.
04/04/2022
Skybound Wealth gains direct advice authorisation across the EU
Skybound has operations in Switzerland, the UAE, the US, the UK, and Australia.
04/04/2022
Zurich advisor, banks and credit firms amongst 13 additions to Finma warning list
The list includes companies that might be carrying out unauthorised or unsupervised wealth management and banking services, having provided insufficient or falsified information to Finma, leading to inconclusive investigation results.