Managers of Wealth

7IM suspends dealing in two funds over liquidity concerns

Based on two illiquid securities

EY drops appeal against $10.8m whistleblower payment

EY also helped to cover up a crime - the export to Dubai of gold bars that had been disguised as silver to avoid export limits on gold.

Vatican official ‘offered call girl as thank you for £300m Chelsea property deal’

Judge Tony Baumgartner dismissed the restraint orders on Torzi, who denies charges of embezzlement, fraud, extortion and money laundering.

Will 2021 be the year of special purpose acquisition companies (SPACs) in Luxembourg?

A SPAC is essentially a shell company formed with no business purpose or undertaking other than to raise funds for some future undefined object, and then later use the proceeds of that offering to acquire a private company in a reverse merger.

Greens target super-rich with $40b billionaires’ wealth tax

The proposed billionaires’ tax would capture all the assets of a high net worth individual, including property, artwork, jewellery, cash on hand and shares

Instagram influencer has defrauded his million followers out of $2.5 million in a Bitcoin for cash scheme – He claimed to be worth $33m but had $162 in his bank account

The 25-year-old Instagram star had induced victims to send him Bitcoin in exchange for wire transfers of cash, but he never sent the money in reality.

ESAs remind consumers about crypto-asset risks

Crypto-assets are quite diverse in nature and come in many forms but the majority remain unregulated in the EU

The World Bank Group: enforcement trends and insight

The OSD also reviews all settlements entered into by INT to ensure that the agreements are voluntary and consistent with World Bank Group Sanctioning Guidelines; in FY 2020 it reviewed 22 settlement agreements.

City may never be the same as five-day-a-week commute ends, says former Bank of England deputy

The switch will impact the economy “in ways we don’t fully foresee”, the former deputy governor for monetary policy at the Bank said this morning.

Tax treaties: OECD publishes 30 country profiles applying Arbitration under the multilateral BEPS Convention

The Arbitration Profiles also allow those jurisdictions to make publicly available clarifications on their position on the MLI Arbitration.

FINMA publishes 2020 Annual Report

The year 2020 and FINMA’s activities were dominated by the coronavirus pandemic.

1MDB Case Hits Setback as Judge Rules Against U.S. Justice Department

U.S., Malaysia argue Petrosaudi funds tied to money-laundering

UK and EU begin diverging on financial regulation after Brexit

Prospects for supervisory ‘equivalence’ fade as each side pursues differing rules

Dentons launches Global Bid Challenge Tracker to enable quick comparison of bid challenge laws across multiple jurisdictions

Leveraging Dentons' global platform and award-winning commitment to technological innovation, the Firm launched this innovative, free platform to allow corporate leaders to create customized user-friendly comparisons of the laws.

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