05/16/2022
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.
Legal,Regulation,Tax & Compliance
05/13/2022
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.
05/13/2022
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.
05/13/2022
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
05/10/2022
‘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
05/10/2022
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.
05/10/2022
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.
05/10/2022
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.
05/09/2022
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.
05/09/2022
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
05/09/2022
Ecclestone Drawn Into Major U.K. Money Laundering Case
Bernie Ecclestone provided $10 million guarantee for gold deal
05/09/2022
New Charities Law to be introduced in Guernsey
Guernsey is introducing legislation to regulate the charitable sector.
05/08/2022
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.
05/06/2022
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.
05/04/2022
Three reasons why odds of US recession are high
A hoped for soft economic landing seems unlikely as the Federal Reserve seeks to restore price stability.
05/03/2022
Zurich family office receives Finma licence
The company is an independent multi-family office and asset manager.
05/03/2022
PwC’s Global Economic Crime and Fraud Survey 2022
Protecting the perimeter: The rise of external fraud
05/03/2022
Good housekeeping for the new tax year
The earlier you use certain tax allowances, the more you shelter assets from ongoing tax.
05/03/2022
Finma extends protective measures for creditors of Sberbank
The measures were first introduced at the start of March.
05/03/2022
Capacity Issues and Lasting Powers of Attorney
Mental incapacity is the inability to do something or to provide consent for something by reason of a mental disorder or disability.