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

FCA fines London bank branch £38m over anti-money laundering failures

Firms operating in the UK, including branches of overseas firms, must take reasonable care to organise and control their affairs responsibly and effectively

PIMFA welcomes FCA Chairman Charles Randell’s comments regarding the FSCS Levy

It is also encouraging to see the Chairman of the FCA acknowledge the FSCS Levy is already at an unacceptable level placing an unfair financial burden on firms that serve their customers well and give good advice.

Standard Chartered closes Guernsey trust business

Standard Chartered's own statement simply read: "Please be aware that the company no longer offers trust and fiduciary services in Guernsey."

Appleby Mauritius Advises on Tender Offer in Respect of UPL Corporation Limited

The company also provides seeds, seeds treatment, agricultural products storage, and post-harvest solutions.

EBRD €75 million loan to UniCredit Bank Serbia

UniCredit Bank Serbia is the country’s second largest lender and a long-standing partner of the EBRD.

Neuberger Berman closes NB Euro Crossroads 2018 on EUR260m

The new fund, NB Euro Crossroads 2018, invests concurrently with the international fund; together they have commitments of over USD1 billion.

Red Card for Robins’ Owner as Swindon Town FC Fortification Application Denied

The applicant sought fortification before the High Court of England and Wales

Greece Reopening Lagging Golden Visa Scheme Selling Residency

While the pandemic has led to more government processes going online, he said technology didn't keep up with the visa scheme that could have further expedited applications although critics have warned it's open to money laundering and crime.

Belarusian authorities raid Russia-owned bank in money laundering probe

The raid on the bank highlighted growing frictions between Lukashenko and the Kremllin.

Analysis: Is the Torzi arrest a beginning or an end?

Cardinal Angelo Becciu, under whose direction the Secretariat of State first became involved in the now famous London property development, insisted he never had dealings with the businessman.

FCA statement on short selling bans and reporting

The Short Selling Regulation (SSR) provides EU regulators and the FCA with the power to apply short or long-term bans on short sales in shares, and certain other financial instruments.

Unpacking UK Tax reliefs – a series

Employees of a qualifying company do not qualify for IR. Directors also do not qualify, unless the director is unremunerated.

Supervision of costs in UCITS and AIFs

To promote convergence in relation to the supervision of costs in UCITS and AIFs, ESMA has developed criteria to support NCAs

Why Convicted Ex-UBS Employee May Be a No-Show at Swiss Appeal

Rene S. is appealing the convictions because there was a lack of hard evidence and has always asserted his innocence, said his lawyer Moritz Gall.

Adviser forms joint venture with spinal cord charity

According to Aspire 16 per cent of people who suffered spinal injuries in 2019 received compensation with amounts ranging from £500,000 to £5m, with the average person paralysed by spinal cord injury aged 55.

FSCS pays out £5.9m on offshore property advice

The lifeboat scheme has also adapted the way it calculates perceived losses stemming from the investments, valuing many at nil to allow for claims.

Pension giant and BNP Paribas AM unite for climate lobbying effort

Swedish fund, French investment house and Church of England Pensions Board announce tie-up to develop framework.

FCA updates webpages on reporting market abuse

Firms and individuals professionally arranging or executing transactions in certain financial instruments, and operators of a trading venue, must report suspicious transactions and orders (STORs) to us without delay.

EU Commission roadmap on EU standards for green bonds

The Commission will summarise the input received in a synopsis report

Several arrests made in sweeping police operation linked to Latvia's ABLV Bank

The locations included a credit institution, several companies, as well as suspects' workplaces and homes.

Legal, Regulation & Compliance