What the UK’s updated anti-money laundering rules mean for the art market
This was partly put down to the lack of transparency and complexity of some deals that take place in the sector.
Legal
2116 articles found
ABS launches new guidelines for sustainable private banking, wealth management practices
ABS director Ong-Ang Ai Boon said the guidelines will help private banks and their clients in their transition towards a low-carbon economy.
LDI crisis ‘not a moral hazard issue’, says Schroders group CIO
The UK LDI market faces tightened standards after the recent intervention by the Bank of England, but Johanna Kyrklund believes these products are not ‘about taking risk’.
Fighting Swiss inflation with a strong franc
A rising franc also risks deflationary effects at home as consumers put-off buying goods that may become cheaper.
Inheritance tax: Protecting your family business
The risk is that IHT needs to be met from the business itself, which is tax inefficient and could lead to the breakup of the family business.
Columbia Threadneedle suspended dealing in CT UK Property Authorised Investment fund to Restore Liquidity
Suspension of dealing protects interests of all investors
Key Takeaways from the UK Regulatory Industry for Q3 2022
The new register will require anonymous foreign owners of UK property to reveal their real identities to ensure criminals cannot hide behind secretive chains of shell companies.
UBS Hit with Another US Fine
Although UBS conducted annual reviews of its systems, it failed to identify the improper treatment of shares associated with long-selling activities by clients.
Kim Kardashian Fined For Crypto Promotion
In addition to the fine, Kardashian was ordered to refrain from advertising crypto asset securities for the next three years.
VAT and the Travel Industry – UK and wider developments
With travel picking up again following the pandemic, now is a good time to think about how the VAT world has changed, what this means for your business and the further changes that may be coming down the line.
Tax cuts, the Bank of England’s response and our UK outlook
The announcement prompted the largest two-day sell off in gilts on record, the pound hitting a record low against the dollar, and rising risk premia in UK assets, including sovereign credit default swaps.
Changes to the definition of bank: the evolution of taxation in the financial sector
Although presented as a routine update, the changes widen the range of financial services companies that will need to consider the tax definition of a bank.