09/09/2020
Noteworthy recent SEC rule changes
The amendment to the definition of “Accredited Investor” is effective 60 days after publication in the Federal Register
Legal,Regulation,Tax & Compliance
09/09/2020
EU FinCrime Chief Eager to Crack Down on Money Laundering
However, with a centralized unit, increased communication between financial authorities through the Union should go a long way.
09/09/2020
Three Carey Olsen lawyers make shortlist for Citywealth Future Leaders Awards
Winners will be chosen by a panel of wealth management professionals, with an online public vote carrying a 10 per cent weighting in the judges' final decision.
09/09/2020
Legal Business Awards 2020 – Private Client Team of the Year
The global firm’s offering comprises lawyers (litigators and tax experts), accountants, transfer pricing specialists, economists and VAT/customs experts, to provide a one-stop shop for clients with complex structuring needs.
09/09/2020
Greg Haddow Shortlisted for Citywealth Future Leader Award
The awards are judged by an international panel of wealth management professionals in the private wealth management sector.
09/09/2020
Two Dickinson Gleeson partners shortlisted for Citywealth Future Leaders Awards
Robert Christie has been nominated for International Financial Centre Lawyer of the Year – Partner and Mentor, whilst Guillaume Staal has been nominated for IFC Lawyer of the Year – Senior/Managing Associate
09/08/2020
McMafia powers put banks off Russians
Other banks are understood to have taken similar steps.
09/08/2020
Financial dialogue between Switzerland and United Kingdom
They agreed that the technical work should continue and that the next steps in the cooperation would be decided during a meeting to be held before the end of 2020.
09/08/2020
Swiss-Italian travel agreement settles cross-border tax questions
David Wigersma and Giuseppe Sarno of Deloitte Switzerland explore how the governments of Switzerland and Italy have clarified the tax rules for cross-border workers affected by the coronavirus pandemic.
09/07/2020
Credit Suisse ordered shadowing twice more, report says
The Tages Anzeiger's sources said there were two cases, one in the US and one in Asia.
09/07/2020
Switzerland's PDVSA Problem
The new cases emerging four years ago, Finma said at the time, indicate corruption and rinsing of several billion in funds.
09/07/2020
The UK’s Financial Conduct Authority seeks to expand the scope of financial crime reporting requirements
The proposals extend the REP-CRIM requirement to firms which the FCA considers pose a higher money laundering risk, including cryptoasset firms and certain regulated insurers not covered under the existing REP-CRIM regime.
09/07/2020
Mirabaud Surfaces in Venezuelan Scandal
Mirabaud held at least $4 million for Abraham Shiera, a Venezuelan businessman who was indicted on conspiracy and corruption charges by U.S. prosecutors in connection to the oil scandal.
09/06/2020
FINMA Launches Enforcement Proceedings Against Credit Suisse
The bank’s chief operating officer Pierre-Olivier Bouée was fired from Credit Suisse in October 2019 after admitting he personally ordered the surveillance to protect the bank’s interests.
09/04/2020
Britain leads exodus of wealthy citizens abandoning home for rates relief from Rome
Britons are leading the charge to take advantage of the scheme, with 78 leaving the UK for Italy since the tax break was introduced in 2017.
09/04/2020
Rui Pinto Football Leaks trial starts in Portugal
Rui Pinto's house arrest was lifted last month
09/03/2020
Private Bank Freezes Angolan Money
Geneva's prosecutor is pursuing an Angolan businessman suspected of money laundering. Banque Syz has frozen hundreds of millions as a result of the investigation.
09/03/2020
Finma opens enforcement case against Credit Suisse
The proceedings come after an auditor hired by Finma in December 2019 completed its investigation into Credit Suisse’s corporate governance practice.
09/03/2020
Building a level playing field - how innovation shapes regulation
Through innovation and new technologies, the regulator can help shape and create inclusive institutions, and provide a foundation for firms to provide positive outcomes for consumers and markets in the UK.
09/03/2020
Finma opens enforcement case against Credit Suisse
The proceedings come after an auditor hired by Finma in December 2019 completed its investigation into Credit Suisse’s corporate governance practice.