Managers of Wealth

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.

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.”

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.

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

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.

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.

FINMA launches consultation on partial revision of AMLO-FINMA

The changes necessitate adjustments to the FINMA Anti-Money Laundering Ordinance.

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.

10 measures to expose sanctioned Russian oligarchs’ hidden assets

The Tax Justice Network has in response published a briefing detailing 10 transparency measures

Two Russian Banks Excluded From Swiss Banking

Gazprombank (Switzerland) Ltd and Sberbank (Switzerland) Ltd excluded from the Swiss Bankers Association

Two Russian Banks Excluded From Swiss Banking

Gazprombank (Switzerland) Ltd and Sberbank (Switzerland) Ltd excluded from the Swiss Bankers Association

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.

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.

CS sues in Australia over greensill funds

The big bank had suffered significant losses in the business with so-called supply chain funds, as finews.ch has reported on various occasions.

Private Banking: Moscow Does Not Answer Anymore

Until now, that option was considered as «going nuclear» when it came to Russian sanctions and taking the step had been a controversial one within the EU.

Credit Suisse asks investors to destroy documents linked to oligarch and tycoon yacht loans

Swiss bank issues legal request to stem information leaks after FT story on lending unit

EBRD moves forward with action against Russia and Belarus

To pass the resolution under Article 8.3 requires the support of a majority of not less than two thirds of the Governors, representing not less than three fourths of the total voting power of members.

Swiss Look Set to Freeze Russian Assets

Last week, Russia sent troops into Ukraine and launched missile strikes near major cities and military infrastructure, sparking a new geopolitical crisis with far-reaching implications.

South Africa: Wealth declaration is not all negative

Allows government to gather better information before starting to make any tax moves.

U.K. Plans New Law to Crack Down on Foreign Money Laundering

Law will set up registry of foreign owners of U.K. property

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