Managers of Wealth

Met makes one of world's largest cryptocurrency seizures

The seizure was carried out by detectives from the Met’s Economic Crime Command on the back of intelligence received about the transfer of criminal assets.

OECD amends model digital platform reporting rules to offer option for extended scope

The new document comprises two parts: a new module containing amendments to the original model rules and interpretive guidance, and a new multilateral agreement to support the international exchange of information collected.

Carey Olsen advises Quotient

Quotient intends to use the net proceeds from the offering for the continued development of the multimodal, multiplexing MosaiQ platform, to prepare for its commercial launch and for other general corporate purposes.

FATF votes to greylist Malta

Global anti-financial crime watchdog advises enhanced monitoring for Malta

Macfarlanes advises Epiris on sale of wealth management firm Saunderson House

The sale, which remains subject to regulatory consent, is expected to close in the third quarter of 2021

Hong Kong Trust Industry Spotlight: Taking centre stage

An in-depth view into the growth opportunities and outlook for Hong Kong’s trust industry

The power of money: how autocrats use London to strike foes worldwide

The twist is that Tyshchenko was one of the lawyers on the other side.

Swiss Court Convicts Executive of Insider Trading

His prosecution is emblematic of far stricter enforcement of Swiss insider trading rules, which were buttressed more than ten years ago.

Lost Fortune Pits Rich Russian Against Rothschild in New York Court

Oil magnate Sergey Bogdanchikov claims the bank lost half his $150 million portfolio in a kickback scheme.

Harneys listed as a top offshore law firm

Eprivateclient praises offshore law firms for playing a vital role in the global private wealth sector during the unprecedented times of the past year, where the need for sophisticated private wealth structures has been at a high.

Successful transactions of securities with Central Bank Digital Currency

Banque de France successfully used Central Bank Digital Currency in a test environment

Carey Olsen advises FSN Capital on latest mid-market fund launch

The fund, which was oversubscribed and closed above its original hard cap, will continue FSN Capital's proven investment strategy of targeting control buyout investments of mid-sized companies in Northern Europe.

Review of the week: Federal foresight

The US central bank’s nod to the surging American recovery frightened markets last week.

Finance Ministry refutes news media reports of alleged black money held by Indians in Switzerland

India and Switzerland are signatories to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (MAAC) and both countries have also signed the Multilateral Competent Authority Agreement

Swiss Central Bank Looks at Archegos and Greensill

Swiss policymakers have praise for the capital cushions of Switzerland's largest banks, in their annual report on the Swiss banking sector released on Thursday.

U.S. Dithers on Crypto While Wyoming Takes Plunge

Her (virtual) visit to Switzerland later on Thursday comes at a crucial juncture in whether she can push through her views at the agency.

Northern Trust Partners with 3D

‘Network Monitor’ Service Supports Clients’ Focus on Overseeing Appointed Intermediaries and Meeting Regulatory Responsibilities.

Guernsey Financial Services Commission Amends Finance Sector Code of Corporate Governance to Consider Climate Change

The updated Code asks boards to consider the impact of climate change on their strategy and risk profile and, where appropriate, make climate change related disclosures.

Credit Suisse Goes After Greensill Insurance Money

Greensill fell into administration in March after its main coverage, provided by a Tokio Marine unit expired.

Top 100 City law firm announces merger

The merged firm will bring together 71 Partners and a total complement of 217 lawyers.

Legal,Regulation,Tax & Compliance