04/20/2018
Barclays CEO Jes Staley faces fine over whistleblower incident
City watchdogs say he broke rules of conduct in his attempts to identify 2016 whistleblower
Legal,Regulation,Tax & Compliance
04/19/2018
Porsche executives have offices raided as part of fraud investigation
Both luxury brands are owned by parent company Volkswagen.
04/19/2018
Cayman Islands Investment Funds AML Update: Natural persons must be appointed as AML officers
This represents a substantial change in practice and comes after discussions between CIMA and the Cayman Islands funds industry to clarify some parts of the updated AML guidance notes1 published by CIMA in December 2017.
04/19/2018
UBS Broaches Swiss Tax Taboo
At present the AEoI standards haven’t affected Swiss domestic bank secrecy – Swiss clients banking in Switzerland.
04/18/2018
Guernsey Financial Services Commission signs MoU with Bank of England
The PRA is a part of the Bank of England and responsible for the prudential regulation and supervision of banks, insurers and major investment firms, regulating some 1,700 financial firms.
04/18/2018
Top firms line up to be recognised for breaking new ground at Legal Week Innovation Awards
The quartet are joined by Macfarlanes, Shoosmiths, Simmons & Simmons and Ward Hadaway, in a category designed to showcase the firms seeking new ways to provide legal services.
04/18/2018
Australia says banking executives responsible for misconduct could face jail
In further testimony to the so-called Royal Commission on Wednesday, AMP executives admitted that it had charged users of online platforms for advice fees despite not receiving the permission required by law.
04/17/2018
Falcon Private Bank ordered to pay CHF 1.8 million to Finma
While the court acknowledged Falcon’s severe due diligence violations, the ruling can still be appealed at the Federal Court.
04/16/2018
Julius Baer: Russian Millionaire’s Monies Frozen
The Snoras liquidator claims Julius Baer had not done enough to establish the origin of the monies deposited.
04/15/2018
Guggenheim Partners’ Asset-Management Unit Is Under SEC Investigation, Sources Say
The SEC investigation has touched on three California real-estate deals and a loan to fashion company BCBG Max Azria
04/15/2018
The Financial Complexity Index 2018
Meeting the global challenge of local accounting and tax compliance
04/13/2018
Pilatus chairman was granted asylum in United States, green card in 2012
Ali Sadr Hasheminejad, who is accused of bank fraud and skirting Iran sanctions in the United States, is pleading not guilty to the charges
04/13/2018
Wells Fargo faces $1 billion fine to settle loan abuses
Analysts on average were looking for $1.06 per share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the reported figures were comparable.
04/12/2018
David Leyonheljm calls for removal of taxes on imported and luxury cars
“I think our governments are basically addicted to extracting money from us.”
04/11/2018
Pushing the limits of tax law
As lawyers specialising in professional negligence claims, we have been involved in many cases resulting from tax planning gone wrong.
04/11/2018
Serious Fraud Office fights crime with ‘robo-lawyer’
Serious Fraud Office (SFO) cases will benefit from artificial intelligence technology that will allow it to investigate more quickly, reduce costs and achieve a lower error rate, the watchdog said.
04/11/2018
FCA threatened with legal action over fund fees
Judicial review is a type of court proceeding in which a judge reviews the lawfulness of a decision or action made by a public body.
04/10/2018
Libyan sovereign wealth fund files lawsuit against JPMorgan Chase
In 2016 the fund lost its legal battle against Goldman Sachs <GS.N> after a seven-week trial relating to nine equity derivatives trades.
04/10/2018
Macro Selects Maitland To Provide Fund Administration Services
Intellectual property investment fund to leverage Maitland’s automated technology
04/10/2018
Julius Baer Top Banker Tied to Weapons Scandal
Julius Baer's compliance overseer, also unnamed, noted that this type of business carried considerable risk to the bank's reputation, and represented a potential conflict of interest.