Managers of Wealth

Human rights gaining ground in ESG litigation

Part of the claim is that the polluting countries are breaching their right to exercise outdoors and live without anxiety.

Carey Olsen advises on interactive investor's £1.5bn sale to abrdn

The acquisition is part of abrdn's ongoing growth strategy and its commitment to the personal wealth and direct investing market.

Departing Credit Suisse executive could face $10m clawback

Eric Varvel was proponent of the Greensill Capital-linked supply-chain finance funds that unravelled

KPMG Records Strong Growth in FY21

The aggregate revenue of KPMG member firms in the Middle East & South Asia region grew by 7.8% in US dollar terms for FY21

UBS Accepts Verdict for French Subsidiary

While the banking group is appealing againt these convictions, it has accepted the verdict against its French subsidiary UBS (France).

France’s LVMH to pay $11.3m to settle spying claims

LVMH revenues in the first three quarters of 2021 increased 46% from the same period last year.

António Horta-Osório Bumbles Through Minefield

A new day, a new imbroglio involving António Horta-Osório, who last week apologized for breaking Swiss quarantine, only to be reported to have mixed business in Asia with an Indian Ocean stopover.

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.

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