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

EU Lawmakers Adopt Plan to Create Multiple Financial Crime Agencies

Parliamentarians separately called out specific jurisdictions for their purportedly lax controls on financial crime.

Citigroup Sued for Age Discrimination by 56-Year-Old Banker

Bank says that it will defend against the claims ‘vigorously’

Guernsey substance rules – the Banking and Finance perspective

Guernsey tax resident entities which carry on relevant activities will need to demonstrate that they carry out core income generating activities (CIGA) in Guernsey.

Jersey's Lumiere fraud victims to receive £785,000

Bryne was sentenced to seven years in prison last year,

MEPs vote for change in ‘tax haven’ Malta, phasing out of cash for passports

It recommended new legislation and the creation of new bodies at both EU and global level, including an EU financial police force and an EU anti-money laundering watchdog.

FCA final report: Review of retained CCA provisions

The report does not make formal recommendations but provides analysis and evidence to enable the government to decide on the future of CCA provisions.

Lloyds chief Antonio Horta-Osorio will face MPs over 'stealth' pay rise that followed cut to his pension

Committee chairman Frank Field, an independent MP, said: 'We will be asking companies to account for themselves when they submit evidence to our review.'

KBC continues divesting from the tobacco industry and signs the Tobacco-Free Finance Pledge

Under these commitments, KBC's current policy of excluding the tobacco industry from its lending, insurance and sustainable investment activities, is being extended to include KBC Asset Management's conventional investment funds and KBC's o

UAE, Austria Sign Agreements to Enhance Partnership, Investments

Under the terms of the first MoU, ADNOC and OMV will evaluate new opportunities in petrochemical projects as a potential extension to their existing partnerships, and exchange knowledge and experience in refinery-petrochemical integration and optimisation

Sweden Seen Likely to Force Banks to Handle Cash Transactions

Key lawmakers said in interviews over the weekend that the government will probably seek to enact proposed legislation that had been roundly criticized by the banking industry and called potentially illegal.

Litigation Capital Management enters agreement to fund London-based law firm's disputes

The law firm was one of the most active in the litigation space globally

PIMFA calls for FCA to postpone implementation of revised FOS compensation limits

The impact on the PII market was an area of key concern flagged by PIMFA in our submission to the CP.

Norway’s FSA finds gaps in banks’ anti-money laundering measures

FSA criticized DNB, Norway’s largest bank, for not having sufficient systems

A New Horizon by Mark Carney

In pursuit of that New Horizon, let me briefly discuss progress and prospects in three critical areas - reporting, risk and return.

Angola Says It Recovers $3.35 Billion of Assets From Quantum

It included about $2.35 billion of financial assets held in U.K. and Mauritius banks, and $1 billion of real estate holdings in hotels, gold mines, farms and resorts in the country and abroad, it said.

A new horizon - speech by Mark Carney

European Commission High-Level Conference: A global approach to Sustainable Finance, Brussels

Gibraltar chief says UK must revoke Article 50 to 'take back control'

If MPs do not support the withdrawal agreement then parliament has already said no deal should be taken off the table.

UK to encourage Crown Dependencies to introduce public registers voluntarily

"The Crown Dependencies have confirmed they will develop public registers of company beneficial ownership once it has been established as a global norm.

Spain and UK sign tax agreement on Gibraltar

The new agreement should help potentially affected taxpayers, such as cross-border workers and businesses with interests in both territories, structure their affairs and regularize their positions going forward.

Brexit and beyond by Nausicaa Delfas

Speech delivered by Nausicaa Delfas, Executive Director of International at the FCA, at City and Financial, 4th UK Financial Services Brexit Summit.

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