Managers of Wealth

HM Treasury Advisory Notice: Money Laundering and Terrorist Financing controls in higher risk jurisdictions

Requirement to apply Enhanced Due Diligence for higher risk jurisdictions.

KPMG 2021 CEO Outlook Pulse Survey

Preparing for a new reality

Ban on leaving the UK enforceable by £5,000 fine

The travel ban does not apply to those going to the common travel area of the Channel Islands, Isle of Man and the Republic of Ireland unless that is not the final destination.

Swiss Banker Wins Massively Lower Jail Term

The 47-year-old was arrested in July 2018 as part of a U.S. sweep against PDVSA corruption.

FCA review of MiFID II product governance rules

The FCA selected a case study product from each asset manager – all products assessed were UK authorised CISs available to retail investors on both an advised and non-advised basis.

Addleshaw Goddard: Financial Services & Banking News

The aim of the consultation is to inform the Commission on remaining obstacles

Ashurst advises Negentropy Capital Partners on Italian investments

The Ashurst team led by partners Antonios Nezeritis and Isabelle Lentz advised on the Luxembourg aspects of the investments.

SJP: Tax year-end: financial tasks to complete before 5 April

As we ease out of lockdown, opportunities to invest before the end of the tax year shouldn't be ignored.

BlackRock hires law firm to investigate systemic racism claims

The probe has been launched in response to an open letter published by two former employees last week.

Swiss supreme court reverses freeze on Angolan tycoon's $900 mln fortune

Personal asset freeze was among largest in Swiss history

Treasury Committee publishes BoE response to inquiry into future of financial services in the UK

The Financial Policy Committee (FPC) is ‘committed to the implementation of robust prudential standards in the UK.

UBS Settles in for Long Wait in French Case

The Swiss bank's long-awaited appeal of a 2019 conviction is over. It will have to wait longer than anticipated for the final verdict.

Is Swiss fiscal virtue too much of a good thing?

Ahead of the Swiss National Bank’s next monetary policy meeting, GianLuigi Mandruzzato looks at the medium-term perspectives for the Swiss economy and its monetary and fiscal policy mix.

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.

Former BlackRock Executive Blows the Whistle on Greenwashing

Fear of missing out on fund flows gives asset managers a strong incentive to pretend all their offerings are green.

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

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.

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.

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.

Odey Asset Management loses executive pay tax battle

Hedge fund said deferred plan was response to regulatory pressure after financial crisis

Legal,Regulation,Tax & Compliance