03/13/2022
FCA response to Chancellor’s call to stop investing in Russia
Major index providers have taken steps to remove Russian securities from their equity and bond indices.
Legal,Regulation,Tax & Compliance
03/11/2022
Russian Central Bank Suspended From Umbrella Organization
In recent years, it has hosted and supported the development of digital financial instruments and set up an innovation hub network across the globe.
03/11/2022
Whistleblowing – Swiss Banks Under Pressure
Since then, the international media has been reporting extensively on the data, accusing Switzerland's second-largest bank of maintaining client relationships with criminals and corrupt government heads for decades.
03/11/2022
The Swiss Bank Turning Down New Money
In order not to have to penalize its cherished customers as a result of breaching this threshold, the bank has opted to keep the maximum amount held in clients' accounts at 10,000 Swiss francs ($10,800).
03/11/2022
The Green Taxonomy: Addressing the Challenges
One of the first steps was to develop a common taxonomy, one that defines whether an activity is deemed sustainable and that provides a common language for actors across the EU to speak with one voice when discussing sustainable finance.
03/11/2022
Federal Council wants to introduce new tool to strengthen financial sector stability
This will make them more resilient compared to non-systemically important banks, as required by the Banking Act.
03/10/2022
IA responds to updates to the Online Safety Bill
Clamping down on these fraudulent adverts will help protect people from losing their hard-earned money to criminals.
03/10/2022
Opening of consultation on FINMA Ordinance on Data Processing
The FINMA Ordinance on Data Processing details how FINMA processes data in the context of fulfilling its statutory duties.
03/10/2022
Thailand’s SEC to Update Definitions of Institutional and High-Net-Worth Investors
These changes reflect a more modernized approach to defining types of investors, such as by adopting internationally accepted terms like “angel investor.”
03/10/2022
Russian billionaire Roman Abramovich hit with sanctions by the UK
The UK becomes the first Western country to impose harsh sanctions on the Russian billionaire.
03/10/2022
Russian-linked private jet impounded as UK deepens aviation sanctions
The ban includes any aircraft owned, operated or chartered by anyone connected with Russia or designated individuals or entities, and will include the power to detain any aircraft owned by persons connected with Russia, the Foreign Office said in a statem
03/09/2022
Closing Tax Havens Is the True Test of the West's Resolve
Their complicity has removed the incentives these elites might have had to rein in their countries' authoritarian leaders.
03/08/2022
Acceleration of UK transparency measures: Economic Crime (Transparency and Enforcement) Bill
The current position is that the publicly accessible register held at the Land Registry for a particular piece of land only discloses the name or names of the legal title holder.
03/08/2022
FINMA launches consultation on partial revision of AMLO-FINMA
The changes necessitate adjustments to the FINMA Anti-Money Laundering Ordinance.
03/04/2022
Credit Suisse and IAG in Court Over Greensill
The insurer has denied liability, saying it sold its share of the unit in 2019, two years before Greensill collapsed.
03/04/2022
10 measures to expose sanctioned Russian oligarchs’ hidden assets
The Tax Justice Network has in response published a briefing detailing 10 transparency measures
03/04/2022
Two Russian Banks Excluded From Swiss Banking
Gazprombank (Switzerland) Ltd and Sberbank (Switzerland) Ltd excluded from the Swiss Bankers Association
03/04/2022
Two Russian Banks Excluded From Swiss Banking
Gazprombank (Switzerland) Ltd and Sberbank (Switzerland) Ltd excluded from the Swiss Bankers Association
03/04/2022
Private banks and investment firms face Russian client dilemma
As the net tightens around Russian wealth following the outbreak of war, investment firms need to pay close attention to their client banks to make sure they are not caught up in the crisis.
03/03/2022
Economic Crime Bill to introduce long-awaited register of foreign beneficial owners of UK land
The Bill also contains provisions to beef up the system of unexplained wealth orders.