04/21/2022
UBS U.S. Legal Dispute Ends With a Wire Transfer
The officer was fired in 2018, and sued the firm later that year for defamation, initially winning an $11.1 million award following arbitration.
Legal,Regulation,Tax & Compliance
04/21/2022
Is Liquidation the Only Option Left for Credit Suisse?
A closer look quickly reveals that the problems are now much deeper, and several things are striking.
04/21/2022
UBS Wires $14.1M to Ex-Compliance Officer Capping Off Battle over Defamation Award
The firm would have had to petition the U.S. Supreme Court for a hearing to continue with any appeal.
04/21/2022
Schroder UK Public Private wants to look global
Proposed changes to investment policy
04/21/2022
Leveraging Centralised Cloud MiFID II Advisory
One way that this regulatory gap may be breached is to implement a digital advisory platform that is ESG and MiFID 2 compliant, underpinned by a goal-based investment planning and advice execution workflow. This will enable institutions to adopt a consist
04/20/2022
Germany seizes the world's largest yacht (at least according to volume)
Germany's federal police tweeted Wednesday that it found, "through extensive investigations despite offshore concealment," that the yacht currently belongs to Usmanov's sister, Gulbakhor Ismailova.
04/20/2022
Changes to the Unexplained Wealth Orders regime
The changes to the UWO regime appear to have been designed with a mind to the limited use of UWOs since their creation in 2018
04/19/2022
Fifth of UK bankers earning more than £125,000 a year benefited from non-domiciled tax status, new research reveals
The new research found the 'non-dom' status benefitted the higher earners most.
04/19/2022
Former UBS Rep Faces 60 Years in Prison for Stealing Millions
German Nino pleaded guilty to wire fraud in Florida federal court for stealing more than $5 million from clients and spending it on 'romantic partners,' according to the DOJ.
04/19/2022
Finma sends supervisor to crypto foundation
As a precautionary measure, the authority uses a lawyer from the Vischer law firm as an investigator at the plant.
04/14/2022
Former top Swiss banker convicted for fraud
A second defendant, Beat Stocker, the former CEO of an IT service management company, was given a four-year prison sentence and a fine.
04/14/2022
Singapore Family Offices Set to Face Tighter Tax Incentive Rules
In addition, such family offices must have a minimum of two investment professionals with a 1-year grace period for hiring the second professional and minimum local business spending of S$200,000, subject to tiered criteria based on the assets under manag
04/14/2022
HAYVN receives approval from the Swiss Financial Market Supervisory Authority, FINMA
HAYVN will now be offering clients Asset Management, Trading and Custody services from its Swiss entity
04/14/2022
Jersey freezes $7bn of Roman Abramovich's assets
The Royal Court also imposed a formal freezing order on 12 April
04/14/2022
Credit Suisse Seeks Legal Eagle
The new head of the U.S. legal unit may have some convincing to do in this regard.
04/13/2022
Ex-Raiffeisen head sentenced to over three years in jail in corruption case
He told the court that a nearly CHF 200,000 expenses bill for visits to strip clubs was primarily business related.
04/13/2022
Vincenz case: Raiffeisen has to fight for the millions it is suing for
Like Vincenz and three other suspects sanctioned in Zurich, the path to appeal is open to him.
04/13/2022
Investigators are putting the case against Ralph Hamers on the back burner
There are currently other high-profile investigations against three former managers of the major domestic bank ABN Amro.
04/10/2022
Tax Talk- Main Residence Tax Relief
This relief is so common that many people would not even consider the tax consequences of selling their home.
04/10/2022
Millionaires Fleeing South From New York Tax Smack
Despite constant bashing from class-warfare-obsessed progressives, those much-maligned millionaires and billionaires generate most of the city’s and state’s tax revenues.