03/16/2017
Swiss Supreme Court rules on stolen data in international tax assistance procedures
In the present case, the bank data were collected by former UBS employees in France who wanted to put an end to illegal tax practices of the bank.
Legal, Regulation & Compliance
03/16/2017
Andorra bank seeks probe after U.S. Treasury forced closure for 'money laundering'
The USA Patriot Act, passed in response to the 9/11 attacks, gives FinCEN the power to label companies as aiding and abetting money launderers without going through a court process.
03/16/2017
Herbert Smith Freehills - Financial regulation update
MLD 4/WTR – HMT consultation on Money Laundering Regulations 2017
03/16/2017
Self-styled King of Germany sentenced to almost four years in prison
The prosecution had accused him of spending around 1.3 million euros for his own purposes.
03/16/2017
Caxton Associates is one of the few hedge funds expanding in London
Caxton Associates has been hiring in senior employees over the past few months.
03/16/2017
JFSC launches Jersey Private Fund Guide to modernise Island’s funds regime
The launch of Jersey’s new single private fund product will see the phasing out of all other Jersey private products although existing private funds will be able to continue to operate until the end of their natural life.
03/16/2017
Van Lanschot releases annual report for 2016
The annual report also notes the impending name change of the group later in the year.
03/16/2017
Norway makes big money on sanctioned Russian bank
Value of the Norwegian Oil Fund’s investment in Sberbank has doubled over the last year.
03/16/2017
G-20 Spa Trip Offers Bank-Rule Opening If U.S. Comes to Deal
A second opportunity will follow quickly at a meeting in Basel itself.
03/16/2017
Dovish rate rise from the Fed as Bank of Japan holds
The Fed indicated it is happy to see headline inflation run above 2% for a period.
03/16/2017
Old Mutual Int’l focuses on ‘select group’ of Swiss-based IFA
This has involved not accepting certain lines of business, with a greater emphasis on advisers with high net worth clients, the spokesperson added.
03/15/2017
Banks start cutting lending to riskier European real estate
Lenders are prepared to offer less credit than before, particularly on riskier properties.
03/15/2017
EU Regulations Triggering Global Changes in Equities
The research provisions of MiFID II seek to separate or unbundle trading and research costs.
03/15/2017
Who are the world’s top private client and trusts lawyers?
The initiative will be supported by ALM’s stable of market-leading legal titles, including The American Lawyer and China Law & Practice.
03/15/2017
Davey Law unveils new office in Gloucester and growth plans
Peter is a well-respected specialist in litigation, with particular expertise in complex, high value personal injury and clinical negligence cases
03/15/2017
Appeal blow to three former Jefferies bankers
The scheme was simply a criminal device from start to finish.
03/15/2017
Quantuma to bill £1.3m as pensions, business rates experts assess payments
The firm's financial state in the months leading up to the administration.
03/15/2017
Barclays Qatar Targets Said to Make Last SFO Plea Before Charges
At least eight former senior officials have been treated as suspects.
03/15/2017
The Wealth Finance Brief - Fieldfisher
Briefing Paper: Yacht Finance
03/15/2017
Deutsche Securities warned by Japan over bond trading collusion
The warning is the first issued by the commission to financial institutions in Japan over trades of European sovereign bonds