Managers of Wealth

The Costs of Compliance – Expectations for Bending the Cost Curve

A Financial Crime/AML and Compliance Risk Management Leader and Advisor in Banking and Financial Services for more than four decades

APAC Wealth Migration Trends Heighten Financial Crime Risk

Hong Kong: a decline in regional dominance?

Experts warn ‘inconsistent’ laws make luxury goods an easy target for money laundering

“What that means is you’re not actually preventing or changing the crime, you’re just relocating it,” she said.

Right of Access under GDPR: Draft Guidance from the UK ICO

Key takeaways

Big Four accountants set aside £162m for fines and legal claims

FRC investigating 30 suspected failed audits as government plans more powerful regulator

Vatican’s million-euro default case: financiers hit back at ‘intrigue’ claims

With millions in euros in Vatican bank cash at stake in a Maltese court case, lawyers for the Holy See are attempting to prevent Futura Investment Management from disposing of its share in a Hungarian property company

Probe unearths second spying case at Credit Suisse

The probe was launched following media reports last week that spying at Credit Suisse ran deeper than one case.

Credit Suisse Again Lays Spy Blame on Former Chief Operating Officer

Bank says Pierre-Olivier Bouée ordered a third party to spy on then executive board member

IRELAND UPDATE: European Commission consults on an EU framework for markets in crypto-assets

The Commission and European Council have jointly declared that they are “are committed to put in place the framework that will harness the potential opportunities that some crypto-assets may offer”.

ATAD 2 and expiry of tax rulings issued prior to 2015 passed by the Luxembourg Parliament

The Luxembourg Parliament also passed the 2020 Budget Law confirming the expiry of the tax rulings issued by the Luxembourg tax authorities before 1 January 2015 after the end of the 2019 fiscal year.

Finma appoints auditor to investigate Credit Suisse

The results led to the resignation of the firm’s COO, Pierre-Olivier Bouée.

Are tax rates in excess of 100% making a comeback?

Nevertheless, none of this stopped her from feeling outraged by the 102% marginal tax rate levied on her earnings in 1976.

Aggravated money laundering: indictment filed against Mykola Martynenko and a further Ukrainian national

Mykola Martynenko is alleged to have arranged for these accounts to be opened in preparation for the money laundering offence.

Global Financial Markets Regulatory Review - December 2019 Edition

The reports for each country include links to further information and contact information for Dentons professionals.

Gibraltar sets out sweeping new financial reforms for 2020

The LRP Regulations do not change the substance of the current legislation they derive from and they remain similar.

Big data vs corruption?

Still, there is sense in the advice of the IMF for governments to keep pace with evolving technology and opportunities for wrongdoing.

The future of technology in regulatory compliance for hedge funds and private equity firms

There is a growing expectation that financial institutions need to strongly consider modernizing their regulatory operations

Spotting Audit Dangers For Wealthy Clients

One factor that will reduce audits for some wealthy taxpayers is the increase in the standard deduction and elimination or curtailing of many itemized deductions.

Credit Suisse hit with $6.5 million U.S. fine for supervisory lapses

In settling this matter, Credit Suisse neither admitted nor denied the charges, but consented to the entry of FINRA’s and the Exchanges’ findings.

Investigators put bounty call outside Harrods for Russian oligarch wanted on allegations of $2.5bn fraud

It has also hired a mobile billboard to drive around Knightsbridge, where it says Mr Bedzhamov is currently thought to live.

Legal,Regulation,Tax & Compliance