03/29/2023
French prosecutors raid five banks in massive tax fraud case
Authorities said banks, including Societe Generale, BNP Paribas and HSBC, faced a compensation request of more than $1bn.
Legal,Regulation,Tax & Compliance
03/28/2023
FINMA publishes 2022 Annual Report
FINMA’s 2022 Annual Report published today also includes the annual financial statements. In addition, FINMA is providing data on enforcement cases in a database as well as statistics in an Excel document on its website.
03/27/2023
HMRC opens 25 new tax fraud investigations into wealthy individuals
The unit only reserves criminal processes only for serious investigations.
03/24/2023
UBS offers retention packages to Credit Suisse Asia wealth bankers, say sources
In his address, Khan said the top performers at the Credit Suisse wealth business will get retention packages, the second source said. The details of the retention package were not immediately known.
03/23/2023
FINMA provides information about the basis for writing down AT1 capital instruments
Due to numerous enquiries about Credit Suisse’s capital instruments, so-called AT1 bonds, FINMA is providing information about the basis for writing down these instruments.
03/23/2023
Swiss National Bank raises rates, says Credit Suisse takeover prevented larger crisis
Swiss National Bank raises interest rate by 50 basis points
03/22/2023
Regime shift: central banks will prioritise inflation over growth
Inflationary pressures mean monetary policy must be tighter and more restrictive than it has been in the recent past.
03/21/2023
Three ways Jeremy Hunt has increased the tax burden on higher earners
The kind of budget on the cards usually depends on where we are in an election cycle, with governments keen to save up their giveaways for when the public is starting to think about polling day, and to get unpopular policies out of the way early on in an
03/20/2023
EY is expanding its offering in the area of compensation and performance management in Switzerland
The acquisition by EY Switzerland is an important step in strengthening EY's position in the compensation advisory market.
03/16/2023
Ogier director recognised as leading lawyer at Citywealth Powerwomen Awards
She is chair of the Jersey Employment Trust and trustee of Acorn Enterprises, a Commissioner of Jersey Appointments Commission and Trustee of Jersey Community Foundation.
03/14/2023
65% of wealthy investors expect to increase exposure to venture capital schemes as a result of upcoming tax rules
This is according to a survey of 1,300 high-net-worth investors who are members of Wealth Club.
03/13/2023
FINMA sees no sufficient grounds for proceedings following investigations into statements on outflows of client funds at Credit Suisse
Against this background, FINMA is informing the public about its activities in this matter. FINMA has investigated whether the statements give rise to indications of a violation of financial market law, which must be clarified within the framework of supe
03/13/2023
TMF Group announces 2022 full year results
TMF Group announces 2022 full year results
03/10/2023
4 bankers have been accused of helping Putin launder $50 million
Putin is believed by some to have accrued vast wealth during his time as Russian leader.
03/10/2023
JPMorgan Blames Ex-Private Banking Chief for Epstein Ties, Demands 8 Years of Pay
The bank’s court filings demand Staley hand over all of his compensation from 2006 through 2013 — a figure surpassing $80 million.
03/10/2023
Ex-PFS CEO Keith Richards backs new professional adviser body
It has the backing of a number of well-known names in the advice sector including former Personal Finance Society (PFS) chief executive Keith Richards.
03/10/2023
EU regulator should rethink fund labelling proposals, says industry
Definitions in consultation paper need more clarity, according to leading players in the sustainable and impact investing sector.
03/09/2023
Treasury announces Mifid II investment research review
City minister Andrew Griffith will announce the review today in a speech at a FIX trading event.
03/06/2023
UK trade body for investment management joins IOSCO
IOSCO develops, implements and promotes adherence to internationally recognised standards for securities regulation.
03/02/2023
Withers' charity and philanthropy team wins recognition in major awards and directories
Our practice is renowned for advising 65% of the UKs leading charities.