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

Two extradited to face fraud charges in Jersey

Bahrain and the UK cooperated to ensure the men stand trial over an alleged multi-million pound fraud

Six global banks should face terror-funding claims by U.S. military vets - judge

Judge Pollak’s recommendation in Freeman v. HSBC must still be reviewed by the trial court overseeing the four-year-old case, presided over by U.S. District Judge Dora Irizarry.

Irish AML Requirements Facing a Shake-Up

A significant aspect of these reforms is that certain industry sectors will find themselves within the scope of AML/CFT legislation for the first time and will be subject to direct supervision for AML/CFT purposes by competent authorities.

FCA Takes Action in UBS Rape Case

The former UBS employee was sexually molested by her manager

FCA partners with global regulators on new sandbox

As part of the consultation, the group is seeking views on the mission statement for the GFIN, its proposed functions, and where it should prioritise activity.

Cyprus clamps down on shell companies

Tax residence benefits are only for businesses that have real substance, says central bank

Court Of Appeal Holds No Real Prospect Of Success For Claim Alleging Contractual Obligations Owed By A Bank To Its Customers In The Conduct Of FCA Review

The Court of Appeal considered the High Court's decision to refuse the claimants permission to make two key (but contentious) amendments to the particulars of claim.

‘The giant is awakening’: Baker McKenzie adds $230m to revenue as partner profits surge 13%

The result confirmed Bakers as the third highest billing firm in the world, behind Kirkland & Ellis and Latham & Watkins.

‘The giant is awakening’: Baker McKenzie adds $230m to revenue as partner profits surge 13%

Rawlison said the firm was climbing up the value chain in the mandates it acted on, pointing to the 13% growth in profits outpacing the increase in revenue.

Investment company shut down over misleading claims

Customers were subjected to highly pressurised sales tactics and were misled about the amount of returns made on investments.

Accountant charged over misleading the regulator

Mr Shah is due to appear at Brighton Magistrates Court on 15 August 2018.

Canaccord clients seek redress over film scheme

The wealth management firm will “vigorously defend itself” if claims are advanced

Denmark Takes Up Investigation of Its Biggest Bank for Money Laundering

It's too soon to know if criminal charges will result, said the prosecutor. "We are very concerned that every stone in this case is turned over."

UniCredit files €90m claim against Caius Capital

Dispute between Italian bank and hedge fund over complex debt instrument deepens

MiFID II: ESMA publishes data for SI calculations

The publication of the data for the SI calculations for derivatives and other instruments will start on 1 February 2019 as set out in the plan announced by ESMA on 12 July 2018.

French request for UBS banking data stopped by Swiss court

"The judgment is a big success for UBS, and it took a lot of effort. In a first hearing, UBS struggled to be named a party in the case and to access the French files," Jacquemart said.

If it ain’t broke,don’t regulate it

The five firms described the credit opinions they gave clients as “shadow ratings”. They contained credit opinions on different borrowers and instruments, as well as rating scales.

Trustee Survival Guide: Beneficiary Rights to Information - Navigating the Evolving Landscape

Personal data"’ means any data that relates to an individual who can be identified from that data

Common Reporting Standard: anti-avoidance measures

Compliance with the CRS is not a choice; it’s an obligation. And the penalties for non-compliance are severe.

Adviser fleeced £300,000 from his friends

He then pleaded guilty on the day of trial to one count of theft from the cricket club.

Legal, Regulation & Compliance