Managers of Wealth

Did UBS harass two whistleblowers?

Forissier accuses his former employer of harassing him and a former marketing manager after the two uncovered the bank's efforts to help wealthy French people evade taxes.

Lombard Odier Faces Legal Indictment For Money Laundering

Swiss private bank under fire as authorities charge it with money laundering amid growing scrutiny

MAS Imposes Civil Penalty of $2.4 million on JPMorgan Chase Bank, N.A. for Misconduct by its Relationship Managers

As the interbank prices were not available to clients, they had to rely on the RMs’ representations to them regarding the interbank prices and spreads.

Bank Lombard Odier and a former employee charged with serious money laundering at the Federal Criminal Court

The investigation phase was concluded with the filing of the indictment with the Federal Criminal Court.

IHT on pensions to push wealthy families into 80% plus tax

This could result in the money held in pensions within these estates facing extreme effective rates of tax.

Dom and dusted – the end of the road for non-dom status

The UK Treasury has issued a technical note and draft legislation clarifying the proposed changes.

Macquarie Group statement on FCA’s Final Notice

The unauthorised trading was isolated to one individual.

Wealthy families shuffle towards UK exit door

New rules on resident non-doms (RND) announced in the UK Budget have created material uncertainty and could end up having counter-intuitive implications for the government.

Labuan IBFC: Modernizing finance through Islamic principles

The center leverages digital financial services to revolutionize its Islamic finance offerings

Labuan IBFC wins Leading International Financial Centre (Asia Pacific) 2024 award

Labuan IBFC also made significant strides in expanding its international presence and facilitating greater collaboration across key markets.

Finma opens proceedings against Moonshot private equity platform affiliates

The regulator suspects the persons involved of collectively carrying out activities which are illegal without necessary licences.

Evelyn Partners team welcomes High Court ruling on London Capital & Finance

Between 2013 and December 2018 LCF raised a total of over £237 million from about 11,600 bondholders.

Federal Council approves FINMA's strategic objectives and meets with its senior management

The approval of the strategic objectives and the annual meeting are two important steering tools for the Federal Council with regard to FINMA.

Trump selects Elon Musk to lead government efficiency department

Musk and ex-presidential candidate Vivek Ramaswamy to head up Department of Government Efficiency (Doge)

TISE opens London office

Opening this office further supports TISE’s business development activities across public and private markets

Karin Keller-Sutter Wants to Keep an Eye on US Banking Regulation

This is also being closely monitored in Switzerland and the UK.

Court confirms CS cartel fine

The fine was waived because of its cooperation.

CS espionage legacy keeps UBS lawyers busy

This sentence alone makes it clear what a confusing legal legacy the UBS lawyers have to deal with.

FINMA warns of new wave of phishing emails

The senders of the emails claim to be FINMA employees. FINMA does not send such emails and does not contact private individuals as a matter of principle.

SFC unveils first batch of brokers joining Wealth Management Connect Pilot Scheme

The SFC will continue to work with stakeholders to further enhance and expand the WMC scheme

Legal,Regulation,Tax & Compliance