10/11/2018
Woman who spent £16 million in Harrods named as first person investigated under new 'suspicious wealth' orders
A second multi-million pound property is also being investigated.
Legal,Regulation,Tax & Compliance
10/11/2018
Appointment of AML Officers to Cayman Islands Investment Entities - Update
It is important that the operators of Cayman Island investment entities consider these new requirements and whether or not they are subject to these new requirements.
10/11/2018
OECD releases 2017 global mutual agreement procedure statistics
Improving the effectiveness and timeliness of dispute resolution mechanisms is the aim of Action 14 of the BEPS Action Plan (read the final report on Action 14 of the BEPS Action Plan) and is also part of the wider G20/OECD tax certainty agenda. The Actio
10/11/2018
Frank Stronach suing daughter Belinda over family fortune
New Jersey’s Throroughbred Daily News broke the news after obtaining a 73-page lawsuit from the Ontario Superior Court of Justice.
10/11/2018
NY fines UAE's largest bank over lax money-laundering safeguards
DFS Examinations Found Multiple Deficiencies in the Bank’s Compliance with Anti-Money Laundering Laws and Office of Foreign Asset Controls Regulations
10/11/2018
Julius Baer Whistleblower Cleared in Data-Theft Case
In a case drawing international scrutiny, the Federal Supreme Court by a 3-2 majority rejected an appeal by Zurich prosecutors in the case involving former private banker Rudolf Elmer, who denied all the charges.
10/11/2018
Ex-billionaire fights bid to foreclose on London home
UBS seeks possession of Vijay Mallya's property, saying that firm that took out £20.4m mortgage has not repaid it
10/11/2018
Panama shares financial accounts data with 31 countries
The objective of the process is to comply with transparency of the exchanges of financial entities in the country, as well as to determine and identify specific areas of taxation at the local level.
10/11/2018
PA accused of stealing Goldman CEO’s wine jumps to his death
He was accused of stealing hundreds of bottles of wine from Solomon between 2014 and 2016.
10/10/2018
Ex-Billionaire Fights UBS Bid to Foreclose on London Home
Case is the latest legal battle for Indian tycoon Vijay Mallya
10/10/2018
Rothschild Trust Poised for MBO?
The move wouldn't entirely surprise, given that wealth managers have increasingly separated themselves from trust arms for governance reasons in recent years.
10/10/2018
Julius Baer ‘Whistleblower’ to Learn Fate in War Over Bank Data Leak
The case, which stretches back more than two decades, comes at a delicate time for Julius Baer, Switzerland’s third-largest wealth manager.
10/10/2018
UBS has gathered a team of high-profile and eminent lawyers
The hearing in the Tribunal de Grande Instance in Paris kicked off with UBS repeating its stance that the French state had disregarded due process, and the separation of powers had not been observed, as reported by the news agency «AWP», among
10/10/2018
JPMorgan Wins Fight Against Indictment in French Tax Probe
Top judges say lower court must toss order to have bank tried
10/09/2018
Cayman, UK resume crime-fighting cooperation
The agreement does not affect the threat that the British government may impose public beneficial ownership registers in the overseas territories through an order in council, if they have not been implemented by 2020.
10/09/2018
The importance of international co-operation
Speech by Megan Butler, Executive Director of Supervision - Investment, Wholesale and Specialists at the FCA, delivered at The Pan Asian Regulatory Summit 2018, Hong Kong.
10/09/2018
Standard Chartered said to prepare for $1.5bn fine over Iran
Allegations of allowing customers to violate Iran sanctions said to date from at least five years ago
10/07/2018
UBS Accused of Bond Movie Tactics in Paris Tax-Dodging Trial
They used encrypted computers, had business cards without the lender’s logo and were told to switch hotels regularly, according to prosecutors.
10/07/2018
Payback Cristiano Ronaldo could be forced to pay back millions to sponsors if rape allegations are proven
Simon Leaf, who specialises in commercial contracts for Mishcon de Reya, said the star's backers may seek to get back a 'chunk' of the fortune they have already paid him
10/05/2018
Mystery banker's wife Mrs A spent MILLIONS in Harrods - but how did she afford it?
A JAILED banker's mystery wife who splashed £1.6m a year on shopping sprees in Harrods is being asked how she paid for her lifestyle that included property worth £22m.