03/02/2021
GAM to initiate orderly wind down of GAM Greensill Supply Chain Finance fund
GAM will ensure that all clients are treated fairly and is embarking on the process of returning their full investment to them in an orderly manner.
Legal,Regulation,Tax & Compliance
03/02/2021
Divorce law change 2021: less blame, less pain
The “no fault” divorce law, due to become effective by autumn, is aimed to limit some of the blame and hurt that marital splits often entail. But what are the other implications of the change?
03/01/2021
Walkers Shortlisted for the Business to Arts Awards 2021
In their evaluation, the judging panel focused on the level of success and creativity in achieving both the business and artist's objectives, the history behind the partnership and how it has been successfully activated.
03/01/2021
Swiss Firms Escape Criminal Charges, Non-Profit Criticizes
The deft use of simplified proceedings legal proceedings cloaks investigations in secrecy, which means some of the largest financial and commodities scandals to play out in Switzerland never come to light.
03/01/2021
Global Britain: Beyond Brexit
The reality is probably somewhere in the middle, but there are good reasons to believe that the idea of a Global Britain is not too fanciful.
02/28/2021
Old guard Swiss banks tackle money laundering with blockchain
Many regtech projects are working out ways to automate the Know Your Customer and Anti-Money Laundering regulatory process.
02/27/2021
Jurisdictions under Increased Monitoring
The FATF does not call for the application of enhanced due diligence measures to be applied to these jurisdictions, but encourages its members to take into account the information presented below in their risk analysis.
02/26/2021
OECD calls on countries to crack down on the professionals enabling tax and white collar crimes
White collar crimes like tax evasion, bribery and corruption are often hidden through complex legal structures and financial transactions facilitated by lawyers, notaries, accountants, financial institutions and other professional enablers.
02/26/2021
British Property Tycoon Emerges as Investor in Alleged Art Scam
The dealer, Inigo Philbrick, is now facing U.S. fraud charges
02/26/2021
MIFID Firms– What is the Central Bank of Ireland's Focus for-2021?
The CBI updated its COVID-19 FAQs to list factors investment firms should consider when looking to pay dividends and variable remuneration, given the impact COVID-19 has had on the markets and the economy in recent months.
02/26/2021
Cayman Islands, Morocco Placed on Terror-Financing Watch List
The Financial Action Task Force has added four jurisdictions to its list of countries subject to increased monitoring
02/26/2021
The taxation of cryptoassets
An individual will be subject to income tax on the profits made when disposing of cryptoassets, if they are classed as ‘trading’.
02/26/2021
'What the Right Hand Gives, the Left Takes Away': SDLT Surcharge for Foreign Buyers of UK Property Set to Come into Force
The surcharge applies to the purchase of properties in England and Northern Ireland only (Scotland and Wales having their own equivalent SDLT charges)
02/26/2021
Sanlam becomes latest MPS to scrap VAT
However, it notes that there are expected operational challenges in implementing the change across multiple platforms.
02/25/2021
UBS: Through Thick and Thin With Ralph Hamers?
For UBS, the issue is not of Hamers himself, but whether UBS can withstand the distractions surrounding his leadership.
02/25/2021
Guernsey’s fast track pre-authorisations expected to help boost captive formations in 2021
A captive can go ahead with changes to retentions, changes to reinsurance, to fronting arrangements, they can add new lines of business and they can do that without needing to provide any notification or await any approval from the Commission.
02/25/2021
Heads of state launch historic UN plan to stamp out global tax abuse
The tax reform proposals were harshly criticised by leading economists
02/25/2021
Withers wins Swiss Estate Planning Team of the Year Award
The awards recognise firms working in Switzerland’s wealth management and advisory fields, and are judged by a panel of leading professionals working in these industries.
02/24/2021
Ex-Privatbank CEO Named as Suspect in $5.5 Billion Fraud Case
Zelenskiy has vowed to claw back the state’s rescue funds -- something foreign donors including the International Monetary Fund also want
02/24/2021
This Gigantic Biglaw Firm Wants To Get Even Bigger In 2021 And Beyond
This firm is willing to go harder, better, faster, and stronger to build revenue. Is yours?