Managers of Wealth

Assessment of Risks to Financial Stability from Crypto-asset

Direct connections between crypto-assets and systemically important financial institutions and core financial markets, while growing rapidly, are limited at the present time.

U.S. Tax Issues Linger For Some Swiss Banks

Threatened with criminal charges, ZKB reached a settlement with the U.S. Department of Justice (DoJ), which at the time included a fine as well as a probationary period of several years.

An Overview of OECD Pillar 2

Addressing the tax challenges raised by digitalization has been a priority of the OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS) since 2015.

Carey Olsen secures third straight year as leading legal adviser to Jersey funds

The firm's third year atop the annual rankings follows five years of standout growth

Wealth management platform advised by A&O

The A&O team is led by private equity partner Karan Dinamani

In Pursuit of Protection

Strong guidance has now been provided by the Royal Court of Jersey in the recent case of Re Jasmine Trustees [2021] JRC 248.

Treasury and FCA move to regulate the marketing of cryptoassets in a similar way to high risk investments.

The result is that previously unregulated cryptocurrencies and cryptoassets will be brought into the financial promotion regime for the first time.

Chinese Exile Guo Wengui Held in Contempt, Must Pay $134 Million

The Lady May made the news in 2020 when Trump ally Steve Bannon was arrested on unrelated federal charges while on board the vessel

Ex-Credit Suisse banker says she told bosses "everything" about Bulgarian clients

Swiss prosecutors allege that Credit Suisse and the former relationship manager did too little to prevent the alleged drug traffickers hiding and laundering cash between 2004 and 2008, despite indications that the funds could be of criminal origin.

Accuro expands commitment to matters of equality by signing up to 51 Employers Pledge to raise menopause awareness

Menopause awareness is not well understood in most working environments and we want to do what we can to change this.

Carey Olsen and Oakbridge support Lorton Entertainment on launch of debut film fund

The Carey Olsen team acting as lead counsel to Lorton on the launch comprised partner Chris Griffin and counsel Andrea Steel.

Ex-JPMorgan FA Wins $1.4M in Defamation Case

JPMorgan discharged Luckett in June 2017

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.

Legal,Regulation,Tax & Compliance