05/31/2022
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.
Legal,Regulation,Tax & Compliance
05/31/2022
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”.
05/31/2022
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.
05/31/2022
German police raid DWS and Deutsche Bank over greenwashing allegations
Asset manager accused of misleading investors about ESG factors in its financial products
05/31/2022
April Hamel Listed For The Second Year As Channel Islands Top 35 Under 35
April joined Accuro in September 2020 as Legal Counsel
05/30/2022
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.
05/30/2022
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.
05/27/2022
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.
05/26/2022
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.
05/26/2022
‘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
05/26/2022
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.
05/25/2022
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.
05/25/2022
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.
05/25/2022
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
05/25/2022
Directors’ considerations amidst geopolitical unrest
Having headquarters in Cyprus may serve as a solution to businesses with global operations including in the affected areas in Eastern Europe.
05/25/2022
Evaluating Investment Opportunities
The context in which an NDA is negotiated, will set the tone of the freedoms and restrictions governing the disclosure or exchange of information.
05/25/2022
Malta fails to implement anti-corruption strategy called for by European watchdog
This report was adopted by GRECO at its 88th Plenary Meeting
05/25/2022
Geldards scoop Private Client Team of the Year at Wales Legal Awards
The team toasted their success along with the other shortlisted finalists at an awards evening at Mercure Cardiff Holland House Hotel on Friday 20th May.
05/24/2022
New European ESG Reporting Service for Asset Managers Launched by Broadridge Ahead of Upcoming SFDR Requirements
With a track record of over two decades of subject matter expertise, the solution is based on already established processes for managing regulatory reporting for funds and an existing dissemination network to industry end points.
05/24/2022
Switzerland and Singapore conduct financial dialogue and agree on joint statement of intent to promote data connectivity
The agreement on the statement of intent was reached within the framework of the regular financial dialogue between Switzerland and Singapore