Managers of Wealth

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.

China Steps Up Crackdown on $1 Trillion Bank Wealth Products

An estimated 2.5 trillion yuan ($390.5 billion) of the products are currently invested in assets that will soon become non-compliant, and need to be swapped for lower-yielding, high quality investments by the end of next year.

Regulatory, ESG and Crypto Legal Check-List for Family Offices Post Pandemic

Once the family office is clear on this, these commitments can be built into legal documents as necessary.

Northern Trust Switzerland Extends Capabilities with Depotbank Licence

Local Custodian, Depositary, Transfer Agency and Ancillary Services Complement Market Leading Swiss Fund Administration Capabilities

TISE welcomes first Irish Member

The TISE proposition has a number of important differentiators from the other exchanges we work with. We are sure it will be a very attractive listing venue for our clients.

Global banking regulator outlines proposals for the prudential classification and treatment of cryptoassets

This marks a significant milestone in outlining, for the first time, proposals for a Basel standard on the prudential classification and treatment of cryptoassets.

Conman and crypto millionaire Aram Sheibani jailed for 37 years for fraud and money laundering

The man, who has been sentenced to 37 years in jail, made a habit of flaunting his wealth on social media, including his numerous travels and cosmetic surgeries.

Italian heiress has five weeks to pay £1.83m in family trust row

She has so far paid five instalments totalling £166,666.65 and must now pay the balance by July 15 or face the threat of jail.

Legal,Regulation,Tax & Compliance