03/23/2021
FINMA publishes partially revised Circular on “Direct transmission”
The Circular on “Direct transmission” sets the rules for direct, legally compliant and timely exchanges of information between FINMA-supervised institutions and foreign authorities.
03/23/2021
Fear of missing out on fund flows gives asset managers a strong incentive to pretend all their offerings are green.
03/22/2021
London galleries issued with money laundering ‘amber alert’ on top artworks
The art market in the UK is $12.7 billion (£9.11 billion), it’s the second biggest in the world and is a relatively high risk area for money laundering because it is a market used to operating with anonymity
03/22/2021
Credit Suisse's Curious Risk View on Greensill
Credit Suisse raised its credit provisions over 2020 by the book: its risk management largely worked the way it is intended to.
03/22/2021
Asia Pacific M&A Review 2021
Some countries in Asia Pacific are practically back to business as usual, while some are still finding their way through lockdown.
03/22/2021
Scotland's whisky distilleries ready to go green
Almost £9m UK Government funding is available to help whisky distilleries go green, reduce carbon emissions and support sustainable jobs.
03/22/2021
Odey Asset Management loses executive pay tax battle
Hedge fund said deferred plan was response to regulatory pressure after financial crisis
03/22/2021
While Western central banks are printing money in the hope of creating economic growth, they are ignoring a basic factor, the population of their countries, which has either been contracting or growing at a very slow pace.
03/22/2021
At a time when the world is consuming its natural resources at an unsustainable pace, businesses should do more than reduce their carbon footprint. It's vital they cut their water use, too.
03/21/2021
Wealth manager St James’s Place ended its contract with Woodford to manage three of its funds.
03/21/2021
The bank was accused of not reporting suspicious transactions or doing so late and not properly screening its customers for suspicious activity.
03/19/2021
The watchdog also said it continues to consider the plans of the so called ‘global systemically important banks’ UBS and Credit Suisse feasible.
03/19/2021
Other reasons to set up a company in the Netherlands include the country’s very stable political economy, highly educated workforce, extensive double tax treaties and pragmatic culture.
03/19/2021
Once the family pact has been signed, the ownership of the shareholdings or the company is transferred to the individuals identified for the continuation of the family business.
03/18/2021
Is the UK preparing to depart from the GDPR?
In the meantime, in an interview with the Wall Street Journal, EU Justice Commissioner Reynders suggested that a replacement for the EU-US Privacy Shield could take years rather than months.
03/18/2021
It is not difficult to understand why implementation of the European Union’s fifth anti-money laundering directive, which despite Brexit came into force in the UK last January, is seen as a crucial tool to crack down on abuse in the market.
03/17/2021
Withers: Coronavirus and UK rent recovery
The 2020 Act contains express safeguards for business tenants restricting a landlord’s ability to forfeit a lease.
03/17/2021
Private client considerations: understanding the impact of carried interest regulations on US family partnerships and family offices
Carried interest arrangements are widely used to reward key investment professionals for positive growth in the value of investments.
03/17/2021
Davy is just the latest financial scandal - brokers take note
As this case shows, the wheels of justice can turn exceedingly slow when it comes to financial mismanagement and misgovernance, as anyone who has made a complaint against a large institution knows.
03/17/2021
While it doesn’t reveal which of those assets were concealed from French tax authorities, judges could use the figure to calculate any fine if UBS’s own conviction is confirmed.