- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Germany to issue up to €12bn in green 'twin bonds' in 2020

Government wants to foster renewables, clean transport and research with securities that mirror rock-solid profile of 'Bunds'

FCA consultation on extension of annual financial crime reporting obligation

Approximately 2,500 of the 23,000 firms we supervise under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs) submit annual REP-CRIM information.

U.S. judge dismisses lawsuit against Danske Bank over money laundering scandal

The plaintiffs had sought damages for investors who lost money in Danske’s American depositary shares from Jan. 9, 2014 to April 29, 2019.

The Quiet Man in Stockholm Who Laundered China’s Oil Money for Iran

Unlike Zarrab, Nema has faced no charges for helping Iran evade sanctions.

Carey Olsen a finalist for two STEP Private Client Awards

Carey Olsen has one of the largest trusts and private wealth teams in the offshore world

Cyprus Papers: secret migration of China’s rich, led by Asia’s richest woman, revealed in leaked documents

Chinese citizens may apply for permanent residency or citizenship in foreign countries, but obtaining citizenship abroad generally means losing Chinese citizenship

FCA in hot water as mini-bond probe delayed again

Interviews with senior staff at the FCA had also apparently only been made possible from mid-June and had taken "much longer than anticipated" whilst requiring "substantial additional work".

Hitachi UK Pension Scheme agrees £275m buy-in with L&G

L&G stated that the scheme trustee was able to obtain a high degree of transaction certainty and take advantage of favourable pricing conditions and market capacity by locking the transaction price to the assets of the scheme.

FCA steps up focus on advice firms facing collapse

In response to the request, only 14 advice firms admitted the economic fallout of the coronavirus pandemic threatened the survival of their business.

Abta says Covid crisis could claim 18% of UK travel sector's jobs

Travel agents association calls on the government for a package of support measures

Tougher EU climate target technically, economically feasible, researchers say

In analysis published on Monday, Agora Energiewende and the German research centre Oeko Institut lay out how the EU could revamp its climate policies to deliver the goal.

Scammers use lockdown to ramp up bank fraud

Victims may be distracted by changing childcare or workplace commitments and could be more vulnerable because they lack their usual family and friend support systems, he warned.

Govt extends eviction ban

The extension means no legal evictions will have taken place in England and Wales for six months, despite warnings previously sounded that the ban could "cripple" the rental market.

FCA consultation offers significant benefits to UK open-ended property funds – Kames Capital

The consultation, released in August 2020 has proposed a range of options with regard to notice periods to address an illiquidity mismatch in open-ended property funds.

Fraud fears as FCA investigates over 150 Covid-19 related scams

The total number of suspected scams reported to the FCA over the last five months is 165. The types of scams that have been circulated during this time include email, phone calls, text messages, letters, and social media.

Cyprus Denies New Allegations In “golden Passport” Scheme

Cyprus on Sunday denied fresh allegations that it was granting citizenship to foreigners accused of crimes in exchange for millions in investments, insisting that all those who received a passport met all criteria in place at the time.

Luxembourg’s Register of Trusts and Fiduces

Fiduciaries and Trustees established in Luxembourg and providing services to express trusts or fiducies established or domiciled in Luxembourg are responsible for completing the information in the RFT

Cyprus sold passports to criminals and fugitives

A leak of government documents reveals Cyprus sold citizenship to dozens of foreigners linked to crime and corruption.

Leveraging technology to support supervision: challenges and collaborative solutions

Speech by Benoît Cœuré, Head of the Bank for International Settlements Innovation Hub, at the Peterson Institute for International Finance, Financial Statement event series, 19 August 2020.

Coronavirus: Commission continues expanding future vaccines portfolio with new talks

The Commission pursues intensive discussions with other vaccine manufacturers.

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