11/10/2022
Swiss-Asia AM fined HK$3m for regulatory breaches
It failed to monitor record keeping and trading activities in discretionary accounts
Legal,Regulation,Tax & Compliance
11/09/2022
Sunak considers raising additional rate tax band
The prime minister is considering raising the 45% rate or lowering the £150,000 threshold at which the tax band kicks in.
11/09/2022
Authorities raid UBS offices in Germany
The searches are connected to the Russian oligarch Alisher Usmanov. Usmanov is already the subject of several investigations on suspicion of money laundering.
11/08/2022
Managing risks with related party transactions
Even seemingly small transactions must be recorded on related party registers and may require disclosure in the financial statements.
11/08/2022
Swiss sustainability regulation is ‘a disaster’: Quaero Capital CEO
Jean Keller criticised the lack of rules regarding sustainability in Switzerland and said regulations are required to help customers make informed decisions.
11/02/2022
Private bank obtains Cayman licence
It can now offer services to HNW individuals residing in the region
11/02/2022
How Wealthy Clients Can Start Preparing Now For Tax Season
A client with foreign bank accounts can have their 2022 Form 114 prepared and filed in January.
11/01/2022
Ropes & Gray Advises the Management Team of Churchill Asset Management in Nuveen’s Acquisition of Arcmont Asset Management
The Ropes & Gray team that advised the Churchill management team was led by private equity partner Daniel Evans
11/01/2022
LGT Navigator: Monetary policy continues to set the tone
In New York, the stock indices rose sharply again on Friday, mainly thanks to lower bond yields and thus ended a strong stock market week.
10/28/2022
Imbalances in housing wealth demand radical tax reform
OECD advice includes cracking down on tax evasion and ensuring property valuations are regularly updated
10/27/2022
Building Bridges: the COP31 lobby in Switzerland
If Switzerland hosts the COP in 2026 there will be an opportunity to create a more reasonable format that is adapted to environmental constraints and to have an agenda that focusses on themes where Switzerland has particular expertise.
10/26/2022
Bill Hwang Urges End to SEC Lawsuit Against «Legitimate» Practices
The SEC declares unlawful a number of practices that have long been accepted as entirely legitimate and commonplace in the market,» Hwang indicated in his filing.
10/25/2022
Billionaire Dan Och Slammed By Hedge Fund For 'Mismanagement'
A trial over the records demand is scheduled to kick off Dec. 16 in Delaware Chancery Court.
10/21/2022
Swiss Banks Face a Tense Future in China
Most of the wealth management industry has been manhandled into coughing up material fines for abetting tax evasion attempts by American citizens.
10/21/2022
Nordea Asset Management seeking licence to open investment hub in Singapore
The €248bn ($243bn) Nordic money manager is in the final stages of applying for a fund management licence with MAS, hoping to open shop in 2023.
10/20/2022
Jupiter slashes dividend on further outflow pain
The fund firm is slashing shareholder payouts after suffering another £600m outflow in the third quarter.
10/20/2022
IQ-EQ shortlisted in the PICCASO Privacy Awards 2022
IQ-EQ has established a strong and effective Privacy and Data Protection team over the past year and achieved tangible results
10/19/2022
TISE grants employees special cost of living payment
The contribution was paid to employees across all of TISE’s operating jurisdictions, along with their October salary payments.
10/19/2022
Tax investigators gain access to Deutsche Bank
As has been the case since the investigation began, the bank continues to cooperate fully with the investigating authority.
10/19/2022
EQT publishes prospectus for admission to trading of shares on Nasdaq Stockholm
A prospectus regarding admission to trading of the newly issued shares on Nasdaq Stockholm has been approved