Managers of Wealth

Fired UBS Employee Looks to Mount Class Action for Age Discrimination

Friedman is no newcomer when it comes to suing wirehouses and has won more than $300 million in class action settlements from them for former employees.

OECD addresses the misuse of residence/citizenship by investment schemes

The substantial amount of input received in response to the consultation further underlines the importance of the OECD's actions in this field.

Barclays CEO Jes Staley faces fine over whistleblower incident

City watchdogs say he broke rules of conduct in his attempts to identify 2016 whistleblower

Porsche executives have offices raided as part of fraud investigation

Both luxury brands are owned by parent company Volkswagen.

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.

UBS Broaches Swiss Tax Taboo

At present the AEoI standards haven’t affected Swiss domestic bank secrecy – Swiss clients banking in Switzerland.

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.

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.

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.

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.

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.

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

The Financial Complexity Index 2018

Meeting the global challenge of local accounting and tax compliance

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

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.

David Leyonheljm calls for removal of taxes on imported and luxury cars

“I think our governments are basically addicted to extracting money from us.”

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.

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.

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.

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.

Legal,Regulation,Tax & Compliance