01/04/2019
Three former Credit Suisse bankers have been arrested on London
They have been released on bail in London while the United States seeks extradition.
Legal,Regulation,Tax & Compliance
01/03/2019
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.
01/03/2019
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.”
01/03/2019
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."
01/03/2019
Coutts banker accused of harassment claims unfair dismissal
Harry Keogh left the private bank in March amid allegations of inappropriate behaviour towards female colleagues
01/02/2019
Poverty, personal debt, profiteering and tax avoidance – The economy in 2018
In 2018, a fifth of Brits remain in poverty
01/02/2019
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.
12/31/2018
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.
12/31/2018
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
12/28/2018
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.
12/23/2018
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.
12/23/2018
Beneficial ownership register to be made public by 2023
The U.K. chose the year 2023 because it was the date set by a previous government under David Cameron for the worldwide sharing of beneficial ownership information.
12/21/2018
Higgs & Johnson Lauded as Leading Firm by Legal 500 Caribbean
The firm received the highest ranking (Tier 1) and was recognized for a number of its practice areas including commercial transactions, real estate and development, litigation and private client and wealth management.
12/21/2018
Swiss Government Says Existing Finance Laws Can Apply to Crypto
The Federal Council is a seven-member body that serves as the executive branch of the Swiss national government.
12/21/2018
Statement on treatment of Gibraltar in our Handbook after Brexit
As part of our Brexit preparations, we will make a rule to preserve the existing Handbook treatment in respect of Gibraltar in the post exit day Handbook.
12/21/2018
UK Government note clarifies “no deal” and data protection
The note confirms that separate draft regulations and more detailed guidance will be published in the next few weeks but, in the meantime, it clarifies at a high level a number of key issues for organisations both within the UK and outside but doing busin
12/21/2018
City banker found guilty of murdering woman with pestle
Zahid Naseem bludgeoned Christina Abbotts to death in West Sussex attack
12/21/2018
The golden opportunity created by the post-financial crisis compliance boom
But equally, there has been a substantial body of what many would classify as new or expanded regulation which may have followed after the crisis in time, but has not truly been a response to it.
12/21/2018
Merrill to Pay $6 Mln for Favoring ‘Insiders’ with IPO Shares
IPOs Included Facebook, Inc., General Motors Co., LinkedIn Corp., and Twitter Inc.
12/21/2018
Julius Baer sells its domestic business in the Netherlands
In its strategic push to focus on core markets, Julius Baer has agreed to sell its domestic business in the Netherlands to Wealth Management Partners N.V.