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
Legal,Regulation,Tax & Compliance
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.
03/30/2022
Family constitutions are on the rise
Family constitutions can bridge both the personal and professional interests of the family.
03/30/2022
Attorney General's office searches Pictet office
The bank told Le Temps that it conducted an internal analysis in 2014, in coordination with Finma.
03/30/2022
Tax allowances shrink 6% in a decade as fiscal ice age continues
Plan now to make use of the available allowances this coming tax year
03/28/2022
President Joe Biden to propose new 20% minimum billionaire tax
Over half the revenue could come from those worth more than $1 billion.
03/28/2022
High-End Swiss Watches Confiscated in Russia
It is hard to think of something more symbolic of Switzerland than watches.
03/25/2022
Corruption Probe Derails UBS’ China Plans
In addition, the plans are also being reviewed as the scope for the business was overestimated after China’s banking and insurance regulator published new rules in 2021.
03/25/2022
Russian Inheritance Battle Reaches Switzerland
The whole thing has unraveled into this veritable War of the Roses that the boulevard press has followed closely.