04/04/2019
Malaysia to sell yacht at center of 1MDB scandal for $126M
Genting will pay up by end of April, making it the “highest recovery to date” for the government from the scandal, he said in a statement.
Legal,Regulation,Tax & Compliance
04/03/2019
Quilter to buy 400 adviser-strong Lighthouse Group for £42m
Lighthouse, and Quilter’s advice business, Intrinsic, are highly complementary in structure and focus on delivering good customer outcomes.
04/03/2019
Carey Olsen support Apse Capital on latest Guernsey Private Investment Fund launch
The Carey Olsen team advising on the launch was led by partner Christopher Anderson, assisted by senior associate Matt Brehaut.
04/02/2019
Further Details Emerge in Pictet Fraud Case
The man suspected of the scam is believed by the bank and authorities to have skimmed a low single-digit million Swiss franc figure from accounts linked to the bank, both of the persons said.
04/02/2019
Why Aren’t Hedge Funds Required to Fight Money Laundering?
The push to regulate hedge funds and similar investment firms took off after the Sept. 11 attacks, when Congress passed the Patriot Act.
04/02/2019
Fake German heiress laughs with her attorney during her fraud trial as it's revealed a married banker 'sent her dozens of flirty texts'
During the 28-year-old's trial on Monday, her defense attorneys told the court that a banker at the private equity fund Fortress sent Sorokin 158 texts when she was trying to secure the loan.
04/01/2019
Between a Legal "Rock" and a "Compliance Hard Place"?
ICO fines Grove Pension Solutions Ltd (Grove) £40,000 for sending almost 2million spam emails
04/01/2019
Private mergers and acquisitions in the Isle of Man: overview
First published in the Thomson Reuters Practical Law Private Mergers and Acquisitions Global Guide 2019
04/01/2019
Smith & Williamson sets up European hub in Dublin
Opening is designed to protect clients in Republic in event of no-deal Brexit
03/29/2019
Year-end and general UK tax planning for international clients
Care needs to be taken when spending time in the UK so as not to breach the UK Statutory Residency Test rules.
03/29/2019
Vistra Achieves SOC 1 and SOC 2 Accreditations for Strong Internal Controls
The accreditations are objective proof of our strong control environment.
03/29/2019
Corporate Taxation in the Global Economy By Christine Lagarde
The current international corporate tax architecture is fundamentally out of date.
03/29/2019
Financial firms must address sexual harassment 'cultural failings'
Tackling sexual harassment within the financial services industry will require cultural change from firms, from senior leadership down, an expert has said.
03/29/2019
Luxembourg tackles UCITS cross-border marketing issues/investment policy concerns in the Brexit context
The Bill is set to modify the law of 17 December 2010 on undertakings for collective investment and the law of 13 February 2007 on specialised investment funds. For any additional information, please contact Ogier in Luxembourg.
03/29/2019
Details Emerge in Pictet Fraud Case
The public prosecutor confirms it has opened a procedure for fraud and breach of trust against a former employee of the bank
03/28/2019
GDPR and Data Protection Law in Mauritius
The GDPR is intended to provide much greater harmonisation and protection within the EU in respect of data privacy and security issues
03/28/2019
FCA fines Goldman Sachs £34.3m for Mifid breaches
Accurate and complete transaction reporting helps underwrite market integrity and supervise firms and markets. In particular, transaction reports help the FCA identify potential instances of market abuse and combat financial crime.
03/28/2019
JPMorgan whistleblowers get $50M from SEC in high-net-worth case
The SEC didn’t name the company involved or the people getting the awards, citing federal law that protects confidentiality.
03/28/2019
Arbuthnot lays out plans to ensure EU payments post Brexit
The London-based lender also said it may no longer be able to provide financial advice to citizens in the EU after Britain's exit.
03/28/2019
ASIC expects more referrals to prosecutors for wealth industry wrongdoing
In response to a question taken on notice at Senate estimates, ASIC said it had "approximately 20 matters within its expanded wealth management project scoped for investigation of criminal offences".