Managers of Wealth

Swiss Central Bank Posts Loss for 2018

The SNB, Switzerland’s monetary policy authority, had a loss on foreign currency positions of 16 billion francs.

Dutch blacklisting unjustified diversion tactic, says Cayman Islands government

No one has the slightest idea what this means, Travers wrote, except that for Cayman it cannot possibly mean anything good, as he accused the EU of making up the rules as it goes along.

World Bank's Kim abruptly resigns to join infrastructure firm

Just last month, the World Bank announced it would double its investments to fight climate change to around $200 billion over the next five years.

Dolfin receives Maltese investment services licence upgrade

It allows us to operate to our full capacity, integrate into the trading community and build relationships with other members on the MSE.

Many caught in tax avoidance scheme await final settlement

Around 60% of people affected yet to receive calculations from HMRC

Standard Chartered STILL on the hook over Iran deals as it faces £1.2bn fine in US

StanChart will be saddled with an independent monitor until the end of March

Ex-UBS Employee Charged With Data Theft on Trial in Switzerland

The Basel native is suspected of stealing, over the span of a few days in 2010

Bahamas reforms financial sector

By demonstrating our commitment to global standards, we are working to maintain The Bahamas’ competitive edge as a global leader in the financial services industry and ensure that the country’s second economic pillar remains vibrant over the m

Google stashed billions in offshore tax haven

Tech companies like Google and Apple are well-known users of the strategy, which officials from each of the countries involved have moved to close.

Three former Credit Suisse bankers have been arrested on London

They have been released on bail in London while the United States seeks extradition.

India to get info on account holders in Swiss banks from 2019: Govt

From 2019, India will receive on automatic basis, information in respect of financial accounts held by Indian residents in Switzerland.

No ‘Dutch treat’: Netherlands attacks Cayman via ‘blacklist’

The Netherlands’ State Secretary for Finance Menno Snel said, “By drawing up its own stringent blacklist, the Netherlands is once again showing that it is serious in its fight against tax avoidance.”

Ex-Swiss diplomat cleared in Sh5bn Kenya graft case

The Swiss Federal Criminal Court found in its decision published on December 20, 2018 that “nothing illegal had taken place."

Coutts banker accused of harassment claims unfair dismissal

Harry Keogh left the private bank in March amid allegations of inappropriate behaviour towards female colleagues

Poverty, personal debt, profiteering and tax avoidance – The economy in 2018

In 2018, a fifth of Brits remain in poverty

Wine investment scammer ordered to pay back just £22K

Many of the victims never saw any wine at all and others were fobbed off with lower-quality bottles when they complained.

Simon Cowell blames honours snub on Panama Papers furore

According to Simon Cowell, he's been left off the New Year's Honours list because of his links to the Panama Papers.

HSBC Turkey CEO being probed for 2013 Erdoğan retweet

A retweet of a portion of a movie about Hitler’s downfall may see the CEO jailed, as insulting the Turkish president is a crime

J.P. Morgan takes three former advisers who joined competitor to court

The three also “improperly took with them to Raymond James J.P. Morgan’s confidential client information,” including contact information, J.P. Morgan alleges.

UBS to pay more in rate manipulation settlement

They previously reached Libor-related settlements with the British multinational investment bank, Barclays, as well as Deutsche Bank and CitiBank, collecting nearly $500 million.

Legal,Regulation,Tax & Compliance