11/16/2018
Sexual harassment: is it fit and proper? - Withers
The FCA appears not to have thought about how it will approach its analysis of these types of allegations.
Legal,Regulation,Tax & Compliance
11/16/2018
The SEC stays active in 2018 with continued action from its enforcement division
In our view, the Division’s first principle—focus on main street, retail investors—is a bit of a shift in priorities by the current administration, away from attention on the Wall Street institutions and the practices that many blamed fo
11/16/2018
OECD releases latest results on preferential regimes
These results indicate the extent of continuing work to end harmful tax practices, and ensures that in the future all preferential regimes require real substance.
11/16/2018
Carey Olsen and JTC support Cuba-focused fund with London listing
CEIBA is the largest listed foreign investor offering dedicated investment opportunities directly into Cuba.
11/16/2018
Top Ten Questions When Entering Into a BVI Joint Venture
All required permits and registrations for the operation must be applied for before the venture will start operations and thus parties must allow for sufficient time to acquire them.
11/16/2018
Millionaire property developer ‘beat lover to death during sex’
On the first day of the trial yesterday, Birmingham crown court was told that Ms Connolly was killed after the pair spent the day drinking and taking cocaine before engaging in “rough sex”.
11/16/2018
UBS whistleblower awarded token damages by Paris court
UBS is facing a tax fraud trial in France that could see the bank fined up to €3.7 billion if found guilty of helping French citizens dodge their tax obligations.
11/14/2018
Schroders expands footprint in South Africa
After a positive reception from local investors we are very pleased to be expanding our team in the country.
11/14/2018
Tavistock and Lighthouse join forces
Tavistock plans fundraising
11/14/2018
UAE, Singapore among eight exemptions in IoM disclosure change
Conduct of Business Code exclusions also applied to Argentina, South Africa and Qatar
11/12/2018
Are you ready for ex-post disclosure?
The stakes couldn’t be higher: already Advisors are changing loyalties to product manufacturers who can seamlessly deliver clear ex-ante disclosure.
11/12/2018
Wells Fargo reportedly ends investigation of gender bias in wealth management unit
Wealth management head Jay Welker, a focus of many complaints, announced plans to retire on Tuesday
11/12/2018
UBS confronts huge potential fines in U.S., French lawsuits
UBS’s hard bargaining has resulted in both cases going to court, often a last resort for banks, with the worst-case scenario being huge fines and lengthy legal battles.
11/12/2018
Football’s super-rich play the game by their own rules
The Football Leaks revelations show how little the views of fans and regulators matter
11/12/2018
France to hunt for tax cheats on social media
The idea is to identify potential frauds by analysing publicly-available data on individuals' social media accounts, Darmanin said, according to excerpts of the show to be broadcast on Sunday.
11/12/2018
South African Central Bank Fines HSBC for Lax Money Laundering Controls
The FIC Act mandates the PA, in terms of section 45, to supervise and enforce compliance with the provisions of the FIC Act insofar as accountable institutions regulated or supervised by it are concerned.
11/12/2018
Taxman To Tackle Wealthy Families With Trusts
Trusts set up as part of estate planning exercises to minimise inheritance tax are specific targets for the consultation.
11/12/2018
Regulators are taking a tough stance on golden visas
As demand for residency or citizenship in EU member states grows, the golden visa schemes are under intense scrutiny from regulators for making it too easy for organized crime figures, tax-evaders, and people whose wealth cannot be easily explained to ge
11/09/2018
Guidelines on cooperation and information exchange for AML/CFT supervision purposes
Where the conditions for setting up an AML/CFT college are not met, the Guidelines propose that supervisors will continue their cooperation and information exchange on a bilateral basis and formalise this process.
11/08/2018
Twist in alleged $1bn art fraud as Russian tycoon detained in Monaco
A judge in the principality has been investigating whether Rybolovlev sought to influence law enforcement officials in his long-running dispute with Swiss art dealer Yves Bouvier.