Managers of Wealth

Two Arrested for Alleged Conspiracy to Launder $4.5 Billion in Stolen Cryptocurrency

Government Seized $3.6 Billion in Stolen Cryptocurrency Directly Linked to 2016 Hack of Virtual Currency Exchange

Mercator : Key Regulatory Updates from 2021

Mercator by Citco continues to provide updates from across the entire set of jurisdictions that Mercator operates in to help keep our multinational clients informed and remain compliant.

Credit Suisse faces money laundering charges in trial of Bulgarian cocaine traffickers

The case has attracted intense interest in Switzerland

How independent was the chief controller at Raiffeisen?

The payment handled in this way is delicate and should be grist to the mill of Vincenz' defense attorney Lorenz Erni in the ongoing criminal law process.

LIBOR Transition - An Overview

The shift away from LIBOR toward new benchmarks is intended to provide a truer reflection of the cost of capital, but is not a simple process.

Crypto taxation: Tax authorities provide additional clarity

The guidelines are structured around particular types of tokens and the fiscal framework.

VAT refund to companies with their domicile on foreign territory

The legal basis for VAT refunds can be found in Article 107 paragraph 1 letter b of the Federal Act of 12 June 2009 on Value Added Tax (VAT Act) and in Articles 151 - 156 of the Value Added Tax Ordinance of 27 November 2009 (VAT Ordinance).

Gold 'scam' robs SA of billions, says SARS

Gold exports are zero-rated for VAT. Buying gold scrap locally however carries the standard 15% VAT.

Credit Suisse's Ex-Chair Hit With COVID Fine

The Portuguese-British banker did so in spite of authorities having rejected two of his previous requests to be exempted from the restrictions.

HM Treasury Proposes Amendments to the UK Financial Promotion Exemptions

The Treasury Select Committee's report on the failure of London Capital & Finance recommended that the exemptions be rethought to ensure greater consumer protection.

Digital finance: Federal Council sets out areas of action for coming years

The use of new digital technologies is opening the door for new players and leading to new products on financial markets.

Gazprombank Switzerland in the sights of the judiciary

The investigation also extends to other employees of the institute, which employs around 90 people in its Zurich branch, as the Zurich public prosecutor confirmed to the newspaper.

Swiss Courts Seek Compensation Over Credit Suisse Laundering Case

Prosecutors are also targeting a former Credit Suisse for her role in the affair.

Carey Olsen advises on launch of first Guernsey medicinal cannabis and psychedelics fund

Primarily focused on the European market, Leafy Tunnel has started building a portfolio of companies that it hopes will lead, legitimise and form the future of cannabis and psychedelics in the medical industry.

Zurich digital asset manager secures Finma licence

It advises a Liechtenstein AIF fund and two Luxembourg venture capital funds.

Van Lanschot Kempen to provide compensation for charging too much variable interest on revolving consumer credit

Its investigations revealed that, in the case of these clients, variable interest rates failed to correctly move in tandem with applicable market rates.

The HKMA announces a list of eligible banks in Hong Kong for launching the Cross-boundary Wealth Management Connect Pilot Scheme

As set out in the “Implementation Arrangements for the Cross-boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area” (Implementation Arrangements) promulgated by the HKMA on 10 September 2021

Legal,Regulation,Tax & Compliance