Managers of Wealth

ABN AMRO board of directors block research into claims of money laundering back in 2014

The bank was accused of not reporting suspicious transactions or doing so late and not properly screening its customers for suspicious activity.

Finma: ZKB and Raiffeisen have improved emergency planning

The watchdog also said it continues to consider the plans of the so called ‘global systemically important banks’ UBS and Credit Suisse feasible.

Setting up a Company in the Netherlands

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.

When the entrepreneur can return to command: withdrawal from the family agreement

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.

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.

How to prevent Money laundering

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.

Withers: Coronavirus and UK rent recovery

The 2020 Act contains express safeguards for business tenants restricting a landlord’s ability to forfeit a lease.

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.

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.

UBS Ex-Banker Unveils Long-Sought Number at Trial: $9.7 Billion

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.

NatWest faces criminal proceedings over money laundering regulations

These regulations require the firm to determine, conduct and demonstrate risk sensitive due diligence and ongoing monitoring of its relationships with its customers for the purposes of preventing money laundering.

Global trends in merger control enforcement

This report highlights key trends and developments in 2020 global merger control activity, and looks ahead at what to expect in 2021.

The EU Sustainable Finance Disclosure Regulation (SFDR) is live – what can we expect?

SFDR can be summarised as follows: the regulation is intended to contribute to the higher goal of transitioning the EU to a low-carbon

The world's largest law firm announces combination with elite Bolivian law firm

Dentons' combination with Guevara & Gutierrez would further strengthen Dentons’ position as the only pan-Latin American and the Caribbean law firm and would position Dentons as the only global law firm in Bolivia.

A forward look at regulation of the UK’s wholesale financial markets

We will be building on strong foundations.

EU Action Plan Policy Updates: What to Expect

The EU's SFDR came into effect in March, raising the bar for financial products seeking to promote ESG credentials

Reliable Regulatory Compliance: AML and CTF

Investment in compliance, and particularly in AML/CTF programs, will be a significant competitive differentiator for VASPs.

Whistle-Blower Says Credit Suisse Helped Clients Skip Taxes After Promising to Stop

A former bank employee contends that the Swiss bank continued to help American clients avoid taxes long after its 2014 plea deal with the U.S. government

Millionaire beggar arrested; she owns luxury car, flat: Morocco Police

The woman would park her luxury car out of sight before begging for money.

Hong Kong Cross-Border Wealth Scheme Delayed by Pandemic

Hong Kong Banks Ready for Greater Bay Area Dive

Legal,Regulation,Tax & Compliance