Managers of Wealth

PwC’s Global Economic Crime and Fraud Survey 2022

Protecting the perimeter: The rise of external fraud

EU Considers Blacklisting UAE After ‘Dubai Uncovered’ Leaks

“It is clear that the United Arab Emirates facilitates money laundering at a grand scale. This is highly damaging to the EU and cannot be tolerated.”

New principles for charitable trustees exercising their powers of investment

The case was brought by the trustees of two charities – the Ashden Trust and the Mark Leonard Trust – whose principal purposes are environmental protection and improvement and the relief of poverty.

US tops financial secrecy ranking as G7 countries upend global progress on transparency

The G7 countries’ undermining of global transparency has further fuelled calls by leading economists for a UN tax convention

CHF 4bn IAM receives Finma licence and looks for new WMs

The company added that it is well positioned to play an active role in the industry’s consolidation.

Goldman Agrees to Settle Suit

Settlement funds will be used to boost compliance at bank

UBS Data Thief Headed for Prison

In 2020, the verdict was upheld by an appeals court, and was again by the Swiss Federal Court, dismissing an argument that the lower appeals court did not correctly conduct the proceedings.

Swiss Government Unblocks Some Russian Assets

Since April 7, 2.2 billion francs had been newly reported while 3.4 billion francs blocked as a precaution, have been released.

Ex-UBS banker loses appeal over selling client data to Germany

It dismissed his argument that the lower court had conducted proceedings in an inadmissible manner.

The Italian VAT regime on the Leasing and Chartering of Pleasure Vessels

The new amendments have been acted to address objections from the European Commission

‘Ghost dom’ tax loophole hampering efforts to stop sanctioned Russian money flowing into UK

One official working on British sanctions policy told The Independent that the UK’s tax system, and specifically “ghost doms” and non-doms, “severely limited” their ability to track and trace individuals’ income streams

Pandora Papers shed light on ‘gatekeepers’ of dirty money

MONEYVAL rebuked governments across Europe for failing to combat money laundering or police lawyers, accountants and other professionals who facilitate financial crime.

Credit Suisse is an Ideal Target

The accusers maintain that Ivanishvili is a Georgian and French citizen and has no connection to any sanctions person or organization.

GFG Facing UK Insolvency Hearing After Credit Suisse Ends Talks

The bank granted Gupta additional time by postponing hearings but has now broken off talks, which will lead to the commencing of insolvency hearings.

Swiss Press Freedom Takes Back Seat to Banking Secrecy

The rules were an addition to Article 47 of the Swiss Banking Act which punished violations of banking secrecy with up to three years in prison and a fine.

Revealed: Barclays avoids almost £2bn in tax via Luxembourg scheme

Arrangement has allowed bank to earn billions of pounds nearly tax-free for over 12 years

Ecclestone Drawn Into Major U.K. Money Laundering Case

Bernie Ecclestone provided $10 million guarantee for gold deal

New Charities Law to be introduced in Guernsey

Guernsey is introducing legislation to regulate the charitable sector.

Long Arm of U.S. Law Nabs Oligarch's Yacht in Fiji

The yacht arrived in Fiji on April 12, and a week later a judge ordered authorities to prevent is leaving Fijian waters.

Sberbank Facing Swift Expulsion

Sberbank and the other two banks would join seven other banks that the EU said it would bar from Swift in March.

Legal,Regulation,Tax & Compliance