Managers of Wealth

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.

Charity Commission launches a campaign to refresh trustee knowledge of charity governance

The Charity Commission has launched five videos to help trustees be “certain in uncertain times”, which accompany the ‘5 minute guides’ for trustees which were published in November 2020. The videos and the guides aim to fulfil th

Sanne secure new Mutual Funds licence in the Cayman Islands

The new licence expands Sanne’s existing product offering in the Cayman Islands, adding fund administration to its existing regulated trustee and company management services capability.

Climate considerations now fully embedded across UK principal financial regulators

The UK has extended its global leadership on green finance by requiring its principal financial regulators to consider climate change, it was announced today (24 March 2021).

Banknote character - speech by Andrew Bailey

Given at the unveil of the Alan Turing £50 polymer Banknote

Jersey Funds Industry Reaches New Record Heights in 2020 in Face of Challenging Global Market Conditions

The increase reflects a period of sustained growth for Jersey’s funds industry, with the figure at the end of 2020 rising by more than two thirds (67%) over the last five years.

Kingswood removes VAT from managed portfolios

This is the latest in a trend of DFMs removing VAT from their MPS offerings, as firms attempt to stay competitive with one another.

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

Legal,Regulation,Tax & Compliance