Managers of Wealth

Cryptoasset investment fraud: inside the investigation

Cases are on the rise and the value of misappropriated assets increasing.

Regulator Defends «Anxious» Credit Suisse Compliance Staff

The U.S. lawyer says she is troubled by the pressure on compliance officials resulting from a weighty regulatory sanction over criminal wrong-doing in Mozambique.

Pandora Papers leak highlights importance of third-party due diligence

In many of these jurisdictions, sometimes referred to as tax havens or secrecy jurisdictions, associated tax rates may also be low, or even nil.

Cyprus to Revoke 45 Golden Visas Issued Illegally

Because of obvious irregularities revealed by the media and the subsequent criticism by Brussels, it was terminated in 2020.

Mozambique urges Credit Suisse to fully cancel scam-linked debt

The Swiss lender helped to arrange nearly $1bln in bonds plus a syndicated loan between 2013 to 2016

How Investec was a player in the world’s largest tax fraud (Part 2)

Investec issued these in its capacity as the pension funds' custodian bank.

United States: Challenges expected in US implementation of OECD agreement on global tax reform

While this agreement is a key milestone in the process, there is still a great deal of technical work ahead, and implementation of the agreement—targeted for 2023—will have its own challenges, including in the US.

FATF Public Statement on Pandora Papers

The FATF has long warned of the dangers associated with networks of anonymous shell companies and legal arrangements.

Jurisdictions under Increased Monitoring - October 2021

The FATF does not call for the application of enhanced due diligence measures to be applied to these jurisdictions, but encourages its members and all jurisdictions to take into account the information presented below in their risk analysis.

Norton Rose Fulbright named ‘ESG Legal Advisor of the Year’ at inaugural IJGlobal ESG Awards

Norton Rose Fulbright was shortlisted for the award based upon its extensive breadth of ESG-related work and activity over the last year.

Swiss Bank Under Tax Scrutiny in Germany

It isn't clear whether the investigation in Munich is widened to the bank, which didn't comment, or any employees.

Spotlight on UBS in Spurned CEO Case

After the Spanish bank yanked the job offer three months later, Orcel sued to be reinstated, or recompense.

Investec implicated in probes into the world’s largest tax fraud (Part 1)

Cum-ex is in the jargon of investment banking, a complex type of trading "strategy".

Carey Olsen confirmed as the leading Channel Islands law firm in Chambers UK rankings

The Chambers UK rankings follow last month's publication of the 2022 edition of The Legal 500 UK, which also saw Carey Olsen lead offshore firms in the Channel Islands with 18 top-tier rankings.

Anti-Money Laundering Transaction Monitoring in the Markets Sector

An industry perspective

Companies, investors should brace for mandatory climate-risk disclosure

Sustainability disclosure is now the top of the agenda for the world’s largest investors, companies and regulators in almost every major market.

CS receives $475m ‘tuna bonds’ fine

FINMA’s investigation focused on how the bank managed and controlled observations, which can involve significant legal and reputational risks.

Mozambique loans: FINMA concludes proceedings against Credit Suisse

Overall FINMA concludes that the Group’s risk management in connection with the Mozambique loans was seriously deficient.

Sidra Capital acquires landmark property facing Buckingham Palace

The 33,000 sq ft freehold property is the closest commercial office space to Buckingham Palace

Country-by-Country Reporting – Compilation of 2021 Peer Review Reports

Inclusive Framework on BEPS: Action 13

Legal,Regulation,Tax & Compliance