12/02/2018
UBS first foreign bank to gain majority stake in China venture
JPMorgan and Nomura await approval from securities regulator
Legal,Regulation,Tax & Compliance
12/02/2018
How do traders ensure due diligence in high-risk countries?
The three companies insist there is no evidence of wrong-doing and that they uphold high standards of due diligence in Brazil and beyond.
12/02/2018
Deutsche Bank chief dismisses takeover speculation
Sewing’s remarks followed the two-day raid as part of an investigation linked to the so-called Panama Papers leak of documents about offshore finance.
11/30/2018
End to rulings on Swiss principal companies and finance branches
Under the current regime, a notional interest is calculated on the capital made available to the Swiss permanent establishment that leads to a reduced taxable net profit of the Swiss finance branch in Switzerland.
11/30/2018
Madoff Victims Will Get Another $695 Million From U.S. Fund (1)
Madoff’s investors lost a total of $19 billion in principal and more than $40 billion in fake profit when his securities firm collapsed in December 2008.
11/29/2018
Asian Currencies Are Winning Over Fund Managers
De-escalation of trade dispute seen as key for Asia currencies
11/29/2018
Gucci could go to court in next 20 days over tax evasion accusations
Both Gucci’s current chief executive Marco Bizzarri and former chief executive Patrizio Di Marco are under investigation as part of the case.
11/29/2018
Revived 1MDB Probe Claims Victims
These guys are fucking criminals,» Belfort told finews.asia last year. He was referring to spendthrift Malaysians reportedly linked to sovereign wealth fund 1MDB.
11/29/2018
Vistra Cyprus Acquires Licence for Cypriot Investment Programme
Vistra Cyprus, being recently awarded the required licensed certificate, with registration number CIP 448, is now permitted to make such submissions
11/29/2018
Deutsche Bank investigated over Panama Papers
Fallout hits German bank more than two years after Mossack Fonseca scandal broke
11/29/2018
Hong Kong court acquits former Standard Chartered private banker of bribery charge
A magistrate's court in Hong Kong has acquitted former Standard Chartered Bank private banking head Ryan Gwee Yuan Kerr of a bribery charge brought by the Independent Commission Against Corruption (ICAC).
11/29/2018
Deutsche Bank's Frankfurt Headquarters Raided in Money Laundering Probe
Frankfurt headquarters as part of an ongoing probe into money laundering that has implicated several European banks over the past year.
11/28/2018
Overcoming the Challenges of Cross-Jurisdictional Customer Onboarding
The real commercial risk for organisations that are not ready to take this challenge seriously won’t necessarily come from the existing set of competitors, which might use the same traditional approach.
11/28/2018
Beyond Brexit and the next election – a wealth tax? by George Bull
In the meantime, for those with the luxury of time to plan ahead, it may be possible to implement share structures which do not fall foul of the new rules from the outset.
11/27/2018
Guernsey courts endorsed for “big ticket” disputes
Mr Kosky praised the Guernsey courts for a “virtually paperless” trial and a judgment made within nine months of the hearing concluded, particularly, he said, when Guernsey had little track record of litigation of such a size.
11/27/2018
Carey Olsen advises on £43.7 million sale of IFC1
The Carey Olsen cross-practice team was led by partner Alex Ohlsson with support from senior associates David Taylor and Will Whitehead, and associate Rebecca McQuillan.
11/26/2018
Jersey confirms beneficial ownership policy
Stringent requirements for the incorporation of Jersey companies, together with regulation and supervision of trust and company service providers, ensure this information is accurate and current.
11/26/2018
Hong Kong seeks relaxation of fund management sale rules in China
The Greater Bay Area has a combined population of 70 million, or 10 times Hong Kong’s population.
11/26/2018
The Future for Independent Asset Managers
One thing is certain, however: Banks may or may not offer all their products to their customers.
11/26/2018
UBS refuses to pay ex-trader’s £500,000 Libor bill
The June ruling criticised the City watchdog’s decision to go after Mr Hussein and not some of his more senior managers, giving Mr Hussein fresh hope.