The Bahamas Update
The Bahamas is Compliant with 18 Recommendations and Largely Compliant with 20 Recommendations, positioning the country in the top tier amongst FATF and FATF-Style Regional Body global network.
Legal
2108 articles found
Beijing Crackdown Hitting Wealth Management Client Base
Not only do all these steps shrink the long-term client base for the wealth management sector – they also make it that much harder to bank them.
Santander Vs Andrea Orcel Set for Next Round
A veteran Italian dealmaker who now runs Unicredit, Orcel won damages over lost salary and moral harm for backtracking on its CEO job offer in 2018.
One of Switzerland’s Richest Foundations in Turmoil
A key person for the institution’s transformation is family-outsider and controversial figure Monika Matti, who manages important parts of the Sandoz Family Foundation and represents the foundation on several company boards.
Swiss court confirms extradition of German ‘cum-ex’ fraud suspect
A Swiss court has allowed the extradition to Germany of Hanno Berger, a German banker accused of playing a key role in a years-long tax fraud.
Overhaul of UK financial promotions exemption regime proposed
The government said these changes included the development of the online retail investment market, price inflation, and pensions freedoms, which have eroded the value of the HNWI exemption thresholds.
Fidleg what portfolio managers need to know
The changes have wider implications for many businesses
Baker McKenzie advises Vontobel in the acquisition of UBS Swiss Financial Advisers AG
With the takeover of SFA, Vontobel plans to further strengthen its position as a provider of regionally diversified strategies with a global approach.
Human rights gaining ground in ESG litigation
Part of the claim is that the polluting countries are breaching their right to exercise outdoors and live without anxiety.
Carey Olsen advises on interactive investor's £1.5bn sale to abrdn
The acquisition is part of abrdn's ongoing growth strategy and its commitment to the personal wealth and direct investing market.
Departing Credit Suisse executive could face $10m clawback
Eric Varvel was proponent of the Greensill Capital-linked supply-chain finance funds that unravelled
KPMG Records Strong Growth in FY21
The aggregate revenue of KPMG member firms in the Middle East & South Asia region grew by 7.8% in US dollar terms for FY21