10/07/2020
Unexplained Wealth Orders: Suspected money launderer gives up £10m of property
Around £10m of property has been surrendered in a major victory against some of northern England's most dangerous criminals.
Legal,Regulation,Tax & Compliance
10/07/2020
Dubai's top court dismisses tycoon's $115m damages claim for superyacht
The court ruled that the challenge filed by Russian tycoon Farkhad Akhmedov on the judgements pronounced by two lower courts shall be deemed "groundless".
10/07/2020
EBRD Head sets out plan for resilient, “majority green” future
Under the proposed new strategy, on which shareholders will decide today, the EBRD will accelerate the transition to a low-carbon economy.
10/07/2020
Carey Olsen advises Nordic Capital on €6.1 billion fund
Working alongside international counsel Kirkland & Ellis
10/07/2020
Carey Olsen advises Capvis on acquisition of leading CRM provider
The Carey Olsen team was led by partner Daniel O'Connor with assistance from senior associate Arindam Madhuryya and associate Jordan Zubeidi.
10/06/2020
Lugano bank ‘seriously breached anti-money laundering regulations’
The breach is in connection with the handling of Venezuelan client relationships.
10/06/2020
New Swiss Laws Provide Solid Ground For Blockchain And Crypto
In short, it mentions every legal requirement for running a cryptocurrency exchange.
10/06/2020
HSBC and UBS: Still more dirty deals by big banks
The bank is no stranger to such allegations, having squandered its reputation in a string of lawsuits brought against it for allegedly laundering $881 million for Mexican drug cartels.
10/06/2020
Lugano bank ‘seriously breached anti-money laundering regulations’
The breach is in connection with the handling of Venezuelan client relationships.
10/06/2020
EU list of non-cooperative jurisdictions for tax purposes: Anguilla and Barbados added, Cayman Islands and Oman removed
The EU list of non-cooperative jurisdictions for tax purposes was established in December 2017.
10/06/2020
Walkers Acts on Delta Airline's US$6 Billion Loyalty Programme Financing
The Delta deal follows in the footsteps of a the world's first financing transaction utilising a US airline's loyalty program, on which Walkers also acted as Goldman's Cayman counsel.
10/06/2020
FCA Bans the Sale of Crypto-Derivatives to Retail Consumer
These features mean retail consumers might suffer harm from sudden and unexpected losses if they invest in these products.
10/05/2020
JFSC warns investors to be cautious in times of crisis
Many islanders won’t consider themselves investors but anyone who has a bit of money put aside and needing to make a decision about what to do with it is an investor.
10/02/2020
Former Swiss bankers plead guilty in U.S. tax evasion case
The trio had been indicted in 2012 alongside the bank itself on allegations of shielding $1.2 billion from U.S. taxes, but prosecutors agreed to the lesser charge in March.
10/02/2020
PIMFA urges Regulator to work more closely with industry to rebuild levels of trust in fair FSCS outcomes
Results from the survey revealed the extent to which the FSCS is putting firms under increased financial pressure
10/01/2020
FCA calls for tougher measures to tackle online scam ads
It is clear there is now mounting pressure on the government to take steps to tackle the promotion of scams through search engines and social media platforms.
10/01/2020
FCA extends pause on Mifid 10% rule
The FCA intends to apply the TTP on a broad basis from the end of the transition period until 31 March 2022.
10/01/2020
Degroof Petercam and Avaloq ink agreement
This new solution will transform Degroof Petercam’s IT platform and better position the institution for growth and new opportunities.
10/01/2020
Landmark decision approving third party litigation funding in the British Virgin Islands
Given the large number of relatively small creditors and the lack of available funding in the estate, the liquidators turned to the commercial third party funding market to meet their anticipated costs and expenses, including the costs of prospective liti
10/01/2020
Does dirty money need banking secrecy to thrive?
Recently uncovered suspicious transaction reports, made to the US Financial Crimes Enforcement Network (FinCEN), show Swiss banks moving billions of dollars around the world.