IHT receipts rise again; great wealth transfer will ‘change everything’
The latest HMRC figures reveal IHT receipts collected by the Treasury surged to £2.8bn in the last quarter (April to July).
Legal
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Three indicted in money laundering case compromising Singapore’s AML status
The case involved the covert transfer of $S3bn in illicit funds, some from overseas gambling operations.
Former Banker Who Helped Launder Rp34.5 Trillion In Singapore Diadili
Both Wang Qiming and Liu Kai are Chinese managers and citizens who work in Citibank and the private bank Julius Baer Switzerland.
Anti-greenwashing: UK firms gearing up for new FCA rules and guidance
Moreover, wealth managers, planners and financial advisers must also ensure that, when engaging with clients, the sustainability-related claims they make are clear
FCA scrutinises DFM feedback amid SDR extension rumours
The FCA has promised to set out next steps ‘shortly’ on talk that wealth managers will be given an extension to the December deadline.
Finma on stablecoins: “Same business, same risks, same rules”
Rather, the supervisory authority wants to show the industry how risks can be limited and problematic situations avoided.
Nikko Asset Management gets UK stewardship nod
Nikko AM’s submission is structured around how the firm addresses these principles in its investment management and other operations
Finma has gone too far, says Swiss Blockchain Federation
Swiss Blockchain Federation says Finma’s approach to stablecoins will make it impossible for Swiss issuers to participate in the market.
LGT Capital Partners expands its semi-liquid open-ended solutions with two private equity and private credit vehicles
The open-ended private equity strategy invests through diversified portfolios of secondaries and co-investments.
Swiss Life Asset Managers acquires Condecta
Swiss Life Asset Managers buys space solutions firm Condecta from private equity firm Paragon Partners.
Study shows SEC expected to be lenient on digital assets in the year ahead
The research found that 68% of those surveyed expect the SEC to ease regulations, while only 35% foresee stricter controls.
H2O Asset Management to pay investors €250mn after FCA finds ‘serious breaches’
Regulator says asset manager provided it with ‘false and misleading statements