04/07/2022
Stephenson Harwood wins two awards at WealthBriefingAsia Greater China Awards 2022
The firm received these awards in recognition of its performance and innovative approaches over the past year.
Legal,Regulation,Tax & Compliance
04/06/2022
Allfunds enters an agreement to acquire Web Financial Group
This technology will complement Allfunds’ already strong digital offering including data & analytics which continue to bring efficiencies to the fund distribution ecosystem.
04/06/2022
Ex-Bank of America Bankers Are Among 6 Banned by Fed Over COVID Loan Fraud
Autumn Jordan and Manuel F. Pinazo, who previously worked at Merrill Lynch Wealth Management, were among those who applied for assistance under one of the government’s COVID-19 relief programs "based on false and fraudulent representations and
04/06/2022
IMF welcomes Switzerland's forward-looking policy, given global risks
The regular evaluation of the economic and financial situation of its member states, the so-called Article IV Consultation, is a core element of the IMF's surveillance activity.
04/05/2022
Credit Suisse: Indecent Proposal
The situation had become increasingly tense between the two institutes.
04/05/2022
Fighting history: monetary policy and flattening yields
The war in Ukraine has created a commodity shock that has intensified inflationary pressures, accelerating the need for monetary policy to respond.
04/05/2022
Association founded to increase the cyber-resilience of the Swiss financial centre
Cyberincidents that damage the reputation of the Swiss financial centre or that could lead to a severe financial crisis pose an increasing threat.
04/04/2022
Prince Andrew, the banker … and a mystery £750,000 ‘wedding gift’
Entrepreneur Selman Turk is being sued by a Turkish millionairess, in a case involving a payment to the Duke of York
04/04/2022
Cum-Ex: Extradited tax lawyer is on trial in Germany
The tax attorney has to answer in Bonn for tax evasion.
04/04/2022
Skybound Wealth gains direct advice authorisation across the EU
Skybound has operations in Switzerland, the UAE, the US, the UK, and Australia.
04/04/2022
Zurich advisor, banks and credit firms amongst 13 additions to Finma warning list
The list includes companies that might be carrying out unauthorised or unsupervised wealth management and banking services, having provided insufficient or falsified information to Finma, leading to inconclusive investigation results.
04/04/2022
Are Hong Kong tax incentives for family offices ‘too little, too late’? Some lawmakers think so
It maybe too late as Singapore has offered tax waivers since 2020, lawmaker for accountancy constituency says
04/01/2022
Credit Suisse Faces a Menacing AGM
Last year was a turbulent one ending in a loss and there are several items on the agenda released yesterday that could potentially face a great deal of criticism from shareholders.
04/01/2022
Finma license for women team and AI wealth managers
Wenzinger Finanz AG from Affoltern am Albis and Zurich-based Smart Wealth have recently received official approval from the Swiss Financial Market Supervisory Authority Finma as asset managers.
04/01/2022
Julius Baer is appealing in France
This in connection with large-scale trickery with French VAT
04/01/2022
Standardized format released to support reporting on digital platform sellers
The newly released Digital Platform Information (DPI) XML Schema may be used for the reporting and exchange of information under the original scope or the extended scope of the model rules.
03/31/2022
Credit Suisse excludes Greensill scandal from directors' exemptions
The bank will not seek to exempt its directors from responsibility for the Greensill Capital scandal, as shareholders call for a special audit into the collapse of its supply chain finance funds linked to the failed firm.
03/31/2022
10 measures to expose sanctioned Russian oligarchs’ hidden assets
The Tax Justice Network has in response published a briefing detailing 10 transparency measures that the task forces can take to cut through financial secrecy
03/31/2022
Future of Tax
The most-pressing business issues and opportunities facing tax and business leaders today.
03/30/2022
Credit Suisse: Decision by a Court in Bermuda
The life insurance subsidiary has been closed to new business and in wind-down for more than seven years and has no other material business that will be affected by this judgment.