Managers of Wealth

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.

The market's uncertainty problem is getting worse

In many advanced economies, policy is not being conducted in a way that assists in providing some certainty to the decision-making process of local business.

Thomas Matter: «The Federal Council is EU-dependent»

This will bring the debt capital market back to Switzerland.

Chambers UK 2020 Guide confirm leading status for Appleby Isle of Man

Released on Thursday 10 October, the Chambers UK Guide 2020 ranks Appleby’s Isle of Man office as Band 1

SJP ‘not in talks’ with FCA about charging structure

The call, leaked to the Sunday Times, suggested SJP managing director Ian Gascoigne expressed concerns that the FCA would likely want to examine the firm’s use of early withdrawal charges further.

SIX signs memorandum with Shenzen Stock Exchange

SIX CEO Jos Dijsselhof said: ‘I am excited that the Shenzhen Stock Exchange and SIX will work together to further internationalise our respective securities markets."

Deutsche Bank board member faces likely veto by regulators

ECB and BaFin raise conflict of interest concerns over Jürg Zeltner’s other job as KBL chief

S&W begins process of recovering £1bn from failed DFM

Reyker provided custody and dealing services to around 15,000 retail and institutional clients.

Anti-money laundering: Dos and Don'ts

In short, AMLRs require financial services providers (FSPs) engaging in relevant financial business to establish systems to detect things like money laundering and terrorist financing.

Finma adds new firm to warning list

The regulator’s list includes companies that may be carrying out unauthorised or unsupervised wealth management and banking services.

Bern Taps Banks on Foreign Policy

The surprising conclusion comes as Bern cultivates closer ties to Switzerland's finance industry; the banking lobby's CEO is the former top Swiss finance diplomat, Joerg Gasser.

Swiss banking secrecy unravels one year after it officially ended

It is estimated by the Swiss National Bank that India deposits account for 0.07% of the total aggregate foreign client funds held with Switzerland-based banks.

Bank of the West partners OpenInvest on personalised investing

OpenInvest's technology will enable BancWest Investment Services to generate customized investment portfolios tailored to each individual client's values at a granular level

Legal,Regulation,Tax & Compliance