09/08/2020
McMafia powers put banks off Russians
Other banks are understood to have taken similar steps.
Legal,Regulation,Tax & Compliance
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.
09/02/2020
Convicted billionaire Ng Lap Seng sued over $1.9 million legal bill
The Law Firm of Hugh H. Mo on Monday sued Ng in U.S. District Court in Manhattan, alleging that Ng “simply failed and refused to pay” $1.9 million in fees, plus interest and other legal costs.
09/02/2020
Highlights of the Mauritius Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) (Miscellaneous Provisions) Act 2020
Companies registered in Mauritius were already required to disclose information on their beneficial owners
09/02/2020
Ruling the waves or waiving the rules? The UK’s options for regulatory reform and competitiveness after Brexit and COVID-19
Reforms to wholesale markets may attract less political scrutiny, but are more likely to be international in nature.
09/01/2020
Snowden to Testify in Defence of Creator of Football Leaks
Portuguese prosecutors have said the compilation of the Football Leaks data
08/31/2020
Changes to Guernsey's beneficial ownership regime
The States of Guernsey has approved proposals to amend the legal framework relating to beneficial ownership.
08/31/2020
Switzerland freezes Angolan tycoon’s $900 million fortune
Carlos Manuel de São Vicente, the former CEO of a company with a lucrative government monopoly to insure Angola’s oil sector, had his bank accounts frozen on suspicions of money laundering.