Managers of Wealth

UBS Weighs Continuing the Fight in France

UBS's motivation to do so is partly out of fear the conviction and fine could imperil its business.

Czech Billionaire Family Faces Final Showdown Over Bank Merger

Approval odds rise after advisers endorsed PPF’s latest offer

PRA fines Standard Chartered Bank

The PRA’s investigation identified that SCB’s internal controls and governance arrangements underpinning its regulatory reporting in relation to the liquidity metric were not implemented or operating effectively.

Tax Justice Network research again draws flak from tax havens and critics

The Financial Secrecy Index ranks countries based on their complicity in helping individuals hide their finances from the rule of law.

A year the tide turned in the fight for tax justice

Our analysis of the G7 global tax deal was widely covered in media and press.

Credit Suisse Unit Awaits Bermuda Judgement

A group of Eastern European oligarchs is fighting against the Swiss lender in several jurisdictions for fraud allegations. In Bermuda, a conclusion is nearing.

Standby for more information: New AML regulations governing antiquities trade are on the way

These regulations will represent a sea change in law enforcement’s efforts to shed light on an otherwise opaque market.

Financial Regulation Horizon Report 2022

These developments, as well as post-Brexit development of the UK’s new regulatory framework and changes arising through the Wholesale Markets Review

FCA fines HSBC £64m for money laundering failings

HSBC did not dispute the FCA’s findings and agreed to settle at the earliest possible opportunity

GAM Settles FCA Probe Into Greensill

The GAM Group’s cash, and capital position remains robust.

Financial promotion exemptions for high net worth individuals and sophisticated investors: a consultation

This consultation proposes reforms to these exemptions, responding to economic, social and technological changes

‘The definition of a tax haven is changing’

“In the last few years, some academics and politicians have changed the way they think about tax havens to focusing on where there's a lot of profits and not as many employees or assets.”

Robust, repeatable and reliable

For advisers who are seeking to outsource their investment services, they need a partner that has a proven history of delivering exactly what the regulator is looking for – a proven robust, repeatable and reliable solution.

Swiss Court Acquits Private Bank's Ex-CEO

The court rejected the bank's, Leemann's, and Aabar's request for compensation of damages.

NatWest fined £264.8 million for anti-money laundering failures

This is the first time the FCA has pursued criminal charges for money laundering failings.

Decision by the French Court of Appeal

UBS takes note of the French Court of Appeal’s decision.

ASIC cancels AFS licence of Premier Wealth Management

Premier Wealth Management has the right to seek a review of ASIC’s decision by the Administrative Appeals Tribunal.

UBS chief investment office stops coverage of U.S. dollar-Turkish lira pair

UBS is the largest wealth manager globally and its Global Wealth Management unit had invested assets of $3.2 trillion as of the third quarter 2021.

UBS Faces Tough Decision After Ruling

UBS has a few days to decide whether it will accept the ruling or take the case to a high-instance court.

French court set to rule on record UBS fine

The Paris appeals court is set to rule on whether to confirm or adjust the penalty against Switzerland's largest lender, which was imposed after an initial trial in 2019.

Legal,Regulation,Tax & Compliance