Managers of Wealth

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.

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.

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.”

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.

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.

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.

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.

Credit Suisse: Shivering with US Department of State

The exuberant thanks of the lawyer was rather directed to the US Department of Labor.

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.

How Hong Kong’s Taxes Spawned Billionaires and Bred Inequality

How Hong Kong’s Sky-High Home Prices Feed the Unrest: QuickTake

UBS President breaks lance for the central banks

This has consequences for Weber's current profession.

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.

The global war on money laundering is a failed experiment

The deeper problem isn’t that national anti-money laundering laws are being flouted.

Credit Suisse former clients demand return of $150m in 'illegal' fees

This latest scandal is just further proof that Credit Suisse's own controls have completely failed, resulting in illegal activities which ultimately damage clients, shareholders and the public trust," a spokesman for CS Victims said.

FCA Says Governance Top Of List For Asset Management

Miller continued that governance is correlated to culture as it is the responsibility of senior management to ensure that incentives are in place to encourage a diverse and inclusive culture.

CS Victims Again Demand Credit Suisse Return $150 Million in Illegal Fees Amidst Latest Scandal

The full results of a Credit Suisse internal investigation into the fraud affecting CS Victims and involving a relationship manager who was convicted and sent to prison have never been released.

The complex question of public UBO listings: how much transparency, is too much transparency?

It’s important to note that there’s no trepidation about transparency from a regulatory standpoint

A Swiss Bank Keeps Cropping Up in Venezuelan Corruption Cases

Graft is almost commonplace in Venezuela

The Non-Resident Landlords Scheme

If your clients have entities with UK property which is generating rental income, they should ensure that appropriate returns are filed and tax paid by 31 January 2020.

Khan Affair: Procedure is likely to be protracted

The public prosecutor's office therefore had to apply to the District Court Meilen for the unsealing of the confiscated objects.

Legal,Regulation,Tax & Compliance