Managers of Wealth

Business Aviation Law in Europe - A Practical Guide 2019

Originally published in the Business Aviation Law in Europe - A Practical Guide 2019

Edge, Fog Or Cloud? How The Internet Of Things Is Shaking Up How – And Where – Data Are Handled

There’s another compelling reason for processing data at the edge or in the fog: increased data security and user privacy protection.

FCA fines Standard Chartered Bank £102.2 million for poor AML controls

This is the second largest financial penalty for AML controls failings ever imposed by the FCA.

Gibraltar-based law firm to join fast-growing network

The consideration for the acquisition, which is entirely payable in cash, comprises £342,000 paid on completion with the deferred consideration related to the turnover achieved by the business over the next three years and paid quarterly.

Venezuela: Finma's Julius Baer Probe

Julius Baer has never confirmed that Finma had initiated an enforcement procedure against the bank and the authority isn’t commenting either.

Taking the Pulse of Africa’s Economy

The report notes that the three largest African economies—Nigeria, Angola and South Africa

UK HMRC Increases Focus on Combatting Tax Evasion

In March 2019 HMRC published the outcome of an IPSOS poll of more than 1,000 businesses

Disputes with the taxman surge 40%

The company claims the rise is due to the taxman having access to more data about individuals.

Freshfields scrutinised over review of UBS rape allegation

Solicitors’ regulator opens file on whether law firm was transparent about bank relations

Chinese Investors Look to Greece for Controversial ‘Golden Visas’: Report

Nearly 60 percent of the visas granted since January 2018 have gone to Chinese investors, while visas granted to Turkish investors have also risen sharply over that period, the New Zealand-based media outlet reported.

FSB publishes directory of crypto-assets regulators

The FSB also conducts outreach with approximately 70 other jurisdictions through its six Regional Consultative Groups.

The impact of China’s new Foreign Investment Law

This bulletin analyses some of the open questions.

JFSC proposes fee changes for registry services

The JFSC last increased registry fees in 2017 and, prior to that, charges had not been increased for 13 years.

Fraudsters jailed for duping wine investors out of nearly £1m

The five men operated three fake companies

New Lessons from the Barclays Whistleblowing Case

Under the terms of the enforcement action, designated “whistleblower champions,” approved by UK regulators as senior managers, must personally attest each year to the soundness of the bank’s whistleblowing systems and controls.

Exclusive Jurisdiction Clauses – Are They Really Exclusive?

One thing has been made abundantly clear from this decision.

UK's wealthiest paying half IHT rate of smaller estates - Canada Life

'Deep inconsistencies'

Fighting fraud and corruption in a shrinking world, by Lisa Osofsky

The SFO’s remit is to investigate and prosecute the most difficult kinds of fraud and corruption.

Outlook for 2019: cross-border M&A and post-merger integration

Unfeasible expectations can dampen or even derail the transaction.

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