Managers of Wealth

Federal Council initiates consultation on amendments to Anti-Money Laundering Ordinance

The proposed ordinance amendments serve mainly to provide more detail on the adopted measures.

Does dirty money need banking secrecy to thrive?

Recently uncovered suspicious transaction reports, made to the US Financial Crimes Enforcement Network (FinCEN), show Swiss banks moving billions of dollars around the world.

FCA: Benchmarks Regulation: our new powers, policy and decision-making

Benchmarks are used in a wide range of markets to help set prices, measure performance, or work out amounts payable under financial contracts.

The best tax and trust barristers for high-net-worth individuals

The barristers listed below have been selected by Spear’s for their proven excellence in the field

SFO announces investigation into £150m investment schemes after dawn raid

At the same time, the SFO also issued several Section 2 notices, which force companies to provide relevant information.

Policy & Practice for Purposeful Business

The final report of the Future of the Corporation programme

Tax Controversy Update: September 2021

This edition focusses on HMRC’s approach to Wealthy individuals, how this is changing and how your wealthy clients can better prepare for interactions with HMRC.

AutoRek Urges Industry to Prepare for Jan 1 IFPR Start

“From reading the consultation papers, it’s quite staggering to think that this is a simplified approach to prudential regulation,” says Murray Campbell, CASS Business Consultant at AutoRek.

How AIFM Solutions Can Help Your Fund Launch Succeed

Using an FCA-regulated AIFM allows fund managers to outsource the set-up, oversight, and operation of alternative investment funds to a licensed firm with regulatory experience and infrastructure.

U.S. Indicts Six Over Swiss Bank «Singapore Solution»

The scheme allegedly helped three unnamed «high-value U.S.

Further arrangements for the orderly wind-down of LIBOR at end-2021

hese 6 LIBOR settings will be available only for use in some legacy contracts, and are not for use in new business.

Credit Suisse drug money procedure: test for the Swiss judiciary

But this Monday the hearing in a criminal case against Falcon and its CEO Eduardo Leemann , who has been in office for almost two decades, begins at the Federal Criminal Court in Bellinzona .

Swiss Banker Escapes To Switzerland

The 60-year-old Rueegg was arrested on an international arrest warrant on behalf of U.S. officials

UBS notes postponed verdict in 4.5 bln euro French tax case

UBS noted a decision by French judges to postpone their ruling on the Swiss bank’s appeal against a 4.5 billion euro ($5.27 billion) fine imposed for helping wealthy clients stash undeclared assets offshore.

ADDX Expands China Footprint

Official quota under QDLP programme allows institutions and high-net-worth individuals in China to invest in both public and private market products abroad

FinCEN advance notice of proposed rulemaking regarding the antiquities trade

Congress’ move to make the BSA applicable to the antiquities trade stemmed from the concern that the trade may be exploited by money launderers and terrorist financiers to evade detection by law enforcement.

Sovereign Wealth Funds: a detailed analysis of transnational regulation and dispute resolution

SWFs are located worldwide. The 20 largest SWFs (as at 22 August 2021) are spread across the Middle East, Asia, Europe, North America and Australia.

End of an Era for UBS Legal Veteran

French government prosecutors are seeking a fine of at least 2 billion euros and 1 billion euros in damages and interest.

Latham & Watkins Advises on Argo Blockchain Plc IPO

Firm represents the underwriters in the offering by the sustainable blockchain infrastructure and cryptocurrency mining company.

Latest CJEU, EFTA and ECHR

CJEU decision on the Belgian excess profit ruling system

Legal,Regulation,Tax & Compliance