10/18/2019
Fund management complaints remain low as customer redress shoots up
Investment complaints 2.1 per 1,000 products
Legal,Regulation,Tax & Compliance
10/18/2019
Summers Lambasts Warren, Sanders Plans to Tax Wealth of the Rich
Former Treasury chief says proposals likely unconstitutional
10/18/2019
Ex-RBS Trader Ruined in Film Scam Keeps $4 Million London Home for Now
Walsh said Greystone also submitted false documentation to the tax authorities on his behalf.
10/18/2019
Hong Kong’s Wealthy Residents Hold Cash As Protests Continue
Key findings of the report showed half of the family offices in Hong Kong anticipate a market downturn come 2020.
10/17/2019
The Vatican, a Chelsea property deal and Brexit
Pope Francis has ordered an investigation into a London investment by the body managing charitable donations
10/17/2019
Andrew Yang Rejects Elizabeth Warren's Wealth Tax
Warren argued that raising income taxes on wealthy American families is not enough.
10/17/2019
The impact of economic substance rules on family offices in the Channel Islands
The rules will only apply to family offices with Guernsey- or Jersey-based companies whose activities fall into one of the nine statutory categories ("relevant activities").
10/17/2019
FCA targets climate change and green finance transparency with new guidelines
The Statement identifies a number of priorities, which will provide a foundation for the FCA’s future work on climate change and green finance.
10/17/2019
Charity Commission releases report on whistle blowing disclosures made in 2018-2019
The top three subjects of disclosures concerned: safeguarding, governance and fraud/money laundering.
10/17/2019
Hongkongers pursue overseas passports and sell homes at huge discounts to fund move as city’s protests rage on
“The vast majority [of them] want to have a better living environment and better education for their children.”
10/16/2019
Fee negotiations put asset classes under pressure
The last three years have seen a swing in favour of investors, whose position was strengthened by last year’s outflows,” the report said.
10/16/2019
PrivatBank wins London appeal in lawsuit against ex-owners
PrivatBank’s lawsuit against the former owners alleges fraud that it says cost the bank hundreds of millions of dollars.
10/16/2019
IMF warns global outlook is bad
The IMF for the past year has every three months cut projected growth for 2019 as trade conflicts worsened.
10/16/2019
Woodbridge CEO Gets 25-Year Sentence for Fraud
Robert Shapiro led a $1.2 billion Ponzi scheme over six years that hurt some 8,400 investors.
10/16/2019
Credit Suisse: Shivering with US Department of State
The exuberant thanks of the lawyer was rather directed to the US Department of Labor.
10/16/2019
Mozambique: Ex-CS bankers appointed as witnesses
They appear in the trial of Jean Boustani as a witness, a former manager of a company in Abu Dhabi, which is alleged to have threaded the delicate billion deal for a tuna fleet in Mozambique.
10/16/2019
How Hong Kong’s Taxes Spawned Billionaires and Bred Inequality
How Hong Kong’s Sky-High Home Prices Feed the Unrest: QuickTake
10/16/2019
UBS President breaks lance for the central banks
This has consequences for Weber's current profession.
10/16/2019
Barclays Approved $32 Million Qatar Bonus for Jenkins, SFO Says
Qatar’s investments came as part of two Barclays cash calls in June and October 2008, which raised more than 11 billion from all investors.
10/16/2019
The global war on money laundering is a failed experiment
The deeper problem isn’t that national anti-money laundering laws are being flouted.