Managers of Wealth

Vontobel Embroiled in Bitter Legal Conflict with Two Asian Companies

The NZZ said both sides are becoming increasingly aggressive.

FINMA extends protective measures at Sberbank (Switzerland) AG

The measures will remain in place until 2 August 2022 owing to heightened international sanctions and the continuing risks for the bank’s liquidity situation.

Carey Olsen's Dean Robson named in Channel Islands Top 35 Under 35

Dean's inclusion marks the third straight year he has been recognised by eprivateclient.

The CSSF sanctions Natixis Wealth Management Luxembourg

The bank took note of the sanction and specified that “as part of its medium-term plan 2021-2024, Natixis Wealth Management has decided to end this non-strategic depository activity, managed in run-off since September 2021”.

Nigel Green fined and banned for five years in South Africa

The investigation revealed that Brite which was formerly known as deVere Investments South Africa (Pty) Limited, and deVere SA Acuma (Pty) Ltd, during the period 22 February 2010 to 1 August 2015 contravened various financial sector laws.

German police raid DWS and Deutsche Bank over greenwashing allegations

Asset manager accused of misleading investors about ESG factors in its financial products

April Hamel Listed For The Second Year As Channel Islands Top 35 Under 35

April joined Accuro in September 2020 as Legal Counsel

UBS Must Pay Clients $1.4M Over YES Options Strategy

The causes of action related to UBS’s Yield Enhancement Strategy (YES), a managed-account options strategy product.

Top 10 expat tax havens according to data crunched by anti-money laundering expert

It looked at the numbers around taxes, rent cost, weather/beaches rating and the quality of bars and restaurants in the tax haven.

Super-Rich Families Face Longer Wait for Tax Breaks in Singapore

Singapore has worked hard to attract some of the world’s wealthiest clans; its low taxes, relative safety and gradual re-opening of its borders have made it an ideal haven.

EU Commission proposes rules on freezing and confiscating assets of oligarchs violating restrictive measures and of criminals

They are helped by the existing legal loopholes, as the rules on breaches of EU restrictive measures vary across Member States.

‘Historic’ global tax deal on multinationals delayed until 2024

Some doubt the OECD-brokered agreement, which would levy more tax on the world’s largest firms, will ever be implemented

Guilty by Association Despite Few Real Breaches

This vulnerability is still very relevant today and it mainly relates to two specific industries - the financial sector and precision machine tool manufacturing technology.

Proposed rule could push more family offices to lawyer up

The proposal comes amid increased scrutiny of family offices in the wake of the Archegos Capital Management meltdown.

SC And Labuan FSA Ink MOU To Strengthen Regulatory Co-Operation And Collaboration

This collaborative arrangement is an important initiative to grow our capital markets and achieve greater cooperation and synergy between the SC and Labuan FSA.

What will operational resilience look like going forward? An overview of the supervisory regulatory position − speech by Duncan Mackinnon

Given at the City & Financial 9th Annual Operational Resilience for Financial Institutions Summit

Legal,Regulation,Tax & Compliance