01/06/2022
Top UK law firm fined record sum for breaching money-laundering rules
Mishcon de Reya agrees to pay fine of £232,500 after investigation by Solicitors Regulation Authority
Legal,Regulation,Tax & Compliance
01/06/2022
Saudi Superyacht Dispute Pits Credit Suisse Against Gulf Prince
filing. The property estate, situated close to the storied Wentworth Golf Club outside London, was valued at 35 million pounds ($47 million) in 2019.
01/06/2022
Hong Kong Sends Bankers Home
The government says on its website that the enhanced restrictions will take effect from 7 January and last for 14 days.
01/05/2022
Swiss Prosecutor Objects to Returning Uzbeki Millions
More than 800 million Swiss francs ($873 million) in the case have been blocked since 2012, mainly at Geneva’s Lombard Odier.
01/04/2022
Ten Surprises of 2022
Byron defines a “surprise” as an event that the average investor would only assign a one out of three chance of taking place but which Byron believes is “probable,” having a better than 50% likelihood of happening.
01/04/2022
Orell Füssli and Swisscom enter into strategic partnership for digital certificates
The future digital certificates should be integrated seamlessly into digital business processes and thus increase efficiency, simplify processing, and enable new business models.
01/03/2022
Elon Musk says his taxes are simple and that he doesn’t use offshore accounts or tax shelters in response to Sen. Warren’s ‘freeloading’ claims
The Democratic senator had accused him of “freeloading” over taxes after he was named Time’s Person of the Year, and Musk snapped back by calling Warren “Senator Karen.”
01/03/2022
Associate of Accused Ex-Raiffeisen CEO Speaks
He conceded that he didn't discuss the transactions with his board at the time.
12/30/2021
Credit Suisse Finds Second Covid Breach by Antonio Horta-Osorio
At the time, most European countries including Switzerland were on the U.K.’s «amber list» which required a 10-day quarantine for visitors upon arrival in the country.
12/30/2021
SEC Charges Financial Company and Its President with Engaging in Fraudulent Schemes to Boost Stock Price
The complaint alleges that when the existing valuation firm refused to cave to Murstein’s pressure to increase the Bank’s valuation, Murstein fired the firm and hired a new firm to provide an inflated valuation of the Bank.
12/29/2021
German Finance Watchdog Fines Deutsche Bank
Breaches of the Benchmarks Regulation can be punished by imposition of a fine of up to ten percent of the total turnover.
12/29/2021
Disclosure means little if there isn’t real transformation
The traditional advice that you manage what you measure should have turned all of this financial risk measurement into climate action, but lacking political certainty, markets are still just scratching the surface of climate solutions and resilience.
12/28/2021
Credit Suisse's Toughest Legal Troubles
The scandals undermine a reform push under António Horta-Osório, chairman of eight months.
12/28/2021
Soros Firm Looks to UBS for New General Counsel
Andrew Hollenbeck spent a dozen years at UBS AG units
12/28/2021
Demystifying Net Zero
Governments and corporations will play a pivotal role in directing the climate onto a 1.5°C trajectory, but as individuals, we also have scope for taking action against climate change, including through our investment portfolios.
12/28/2021
Credit Suisse's Toughest Legal Troubles
The Swiss bank’s starts off the year with in federal criminal court in February over entanglement with the so-called Cocaine King of Bulgaria.
12/27/2021
Credit Suisse Wants Millions From Softbank
Softbank was a backer of Greensill, which is at the center of a $10.1 billion fund blow-up at the Swiss bank.
12/27/2021
Zero taxes, golf and beach houses create a crypto island paradise
After a meteoric year, cryptocurrency investors are relocating to Puerto Rico for its savings on individual and corporate taxes.
12/26/2021
The Bahamas Update
The Bahamas is Compliant with 18 Recommendations and Largely Compliant with 20 Recommendations, positioning the country in the top tier amongst FATF and FATF-Style Regional Body global network.
12/23/2021
Beijing Crackdown Hitting Wealth Management Client Base
Not only do all these steps shrink the long-term client base for the wealth management sector – they also make it that much harder to bank them.