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

Dirty money law to give State power to seize luxury assets without criminal conviction

Law will empower Asset Recovery Bureau to confiscate assets acquired through criminal means without criminal conviction

Police recover £3m after wealth manager boss’ Ponzi-scheme

The case was referred to the police by the FCA after the regulator became suspicious of HBFS’ bank accounts.

Business as usual for Covid-free Guernsey

We frequently state that Guernsey is a great place to live and to do business.

Liechtenstein’s Union Bank decides to liquidate

Media reports have linked the bank to criminal activity.

Barclays probed by privacy watchdog over reports of spying on staff

The UK’s data and privacy watchdog said a formal probe is ongoing, but could not say when it may conclude.

HMRC investigating 246 players and 55 agents over tax avoidance with image rights

World class footballers and top agents are being probed by HMRC regarding image rights deals used to avoid tax, and the number being investigated has soared since 2019

UK financial advice firm fails

Lifeboat service has received ‘around 100 claims for compensation’

Banks braced as pandemic poses biggest test since financial crisis

Provisions for loan losses are at the highest in a decade as lenders prepare for large-scale company bankruptcies

Finnish insurer Sampo backs Pension Super Fund

PSF is the brainchild of Edi Truell, the financier who ran Duke Street Capital in the 1990s, founded Pension Corporation and went on to advise Boris Johnson on pensions when he was the mayor of London.

Euro area bank bailout policies after the global financial crisis sowed seeds of the next crisis

These results have potential implications for the ongoing COVID-19 pandemic as, if the economic situation further deterioriates, banking sector stability is likely to be adversely affected.

Wolfsberg Group Issues Guidance on Source-of-Wealth, Source-of-Funds Checks

In line with regulatory expectations, FIs should adopt a risk based approach with respect to the amount of information collected, and corroboration required, for SoW/SoF purposes.

EFAMA calls for urgent PRIIPS review and extension of the UCITS exemption

To avoid further confusion among investors and preserve the worldwide reputation of the UCITS framework

Carey Olsen supports Tembo Capital on latest mining fund launch

These opportunities may include exploration ventures, near term production ventures, royalties, operating mines, infrastructure of metals and mining projects, and services associated with the metals and mining sector.

Crypto broker plans IPO and banking licence

Bitcoin Suisse would first have a security token offering, where shares from the company’s own holdings would be brought onto the blockchain.

Funds industry negotiates the first wave and stands ready to address the next set of challenges - Finance Dublin Yearbook 2020

Many funds, particularly those which are open-ended, were forced to manage liquidity during what was an exceptionally challenging market environment.

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