Managers of Wealth

Credit Suisse cuts Thiam’s pay over spy scandal

Nargolwala added that the event had damaged Credit Suisse’s reputation and the board member found responsible for it

Bank of England - COVID Corporate Financing Facility

In a nutshell, the CCFF is commercial paper purchase programme designed for non-financial corporates to support them through the turbulence resulting from Covid-19.

Coronavirus: Federal Council adopts emergency ordinance on granting of credits with joint and several federal guarantees

Companies are advised to apply for the credit facilities at their main bank. Facilities will be secured by the Confederation.

Emergency Capital Raises for Public Companies

An FCA approved prospectus will usually be required for a rights issue, for both main market and AIM quoted companies

Finma adds firms including blockchain specialist to warning list

The list includes companies that might be carrying out unauthorised or unsupervised wealth management and banking services

How Italian advisers and wealth managers are tackling covid-19

The country has taken martial law-like measures to contain the spread of coronavirus

UK expat tax bills could skyrocket due to coronavirus lockdown

As non-residents hope ‘HMRC may be more lenient in its approach’

Statement on UK markets

The FCA continues closely to monitor market activity

The UK government’s Coronavirus support packages

Due to the fast-moving nature of the government response to the outbreak, while this briefing is up to date as of 23 March 2020, there may have been further developments since then.

Boutiques must implement ‘buy now, pay later’ options during pandemic

Separate Together has integrated Splitit as a payment solution that “uses the available credit on a client’s credit card to secure the full value of the transaction, but with payment being made in monthly instalments”.

The growing popularity of Jersey funds

The stable political environment and very proactive regulatory and governing bodies make Jersey a very popular jurisdiction with ZEDRA’s clients

Bentley Motors Suspends Production Due To Coronavirus COVID-19 Crisis

To protect its employees, Bentley had implemented further measures to prevent the spread of coronavirus, for example, changing operations at company canteen and shops, introducing safe behaviors and closing the company gym facilities.

Luxembourg Parliament votes in favour of tax, anti-money laundering rules

New laws include reporting obligations on cross-border tax arrangements, new state fund to buy buildable land for housing

Malta’s FIAU slaps Credorax Bank with €51,000 fine

In a separate FIAU notification, the unit said that an unnamed notary had been ordered to improve anti-money laundering controls.

Follow the money: How to combat money laundering

Firms need to understand the risks and be alive to the constantly evolving threats in the landscape, as there is no one-size-fits-all approach to AML, says Louise MacDonald of HMRC’s Fraud Investigation Service.

Wine company insolvent after duping investors

Boiler room-like scam conned vulnerable people into investing in an unregulated scheme

FCA speech on open-ended funds investing in less liquid assets

Speech by Edwin Schooling Latter, Director of Markets and Wholesale Policy, to Investment Association members.

The Continued Struggle with Anti-Money-Laundering Compliance

Some AML compliance departments function reactively rather than identifying future problems and responding to them preventively or avoiding the problems altogether—with some compliance departments resembling “factories” more than agile,

Management of coronavirus contagion containment in workplaces - Withers

Such has now paved the way to new measures (temperature scanning, self-assessment forms on 14 days’ previous Coronavirus at-risk contacts, dealing with on-premises reported suspicious cases) which have their consequences privacy-wise.

Rathbones spearheads modern slavery campaign

Rathbones is a leading a campaign for all FTSE 350 firms to comply with the Modern Slavery Act.

Legal,Regulation,Tax & Compliance