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

Anglo Austrian Bank in liquidation amid money laundering allegations

The decision to withdraw the AAB's trading license is considered unique

ECB flags failings in dirty-money screening at Malta’s top bank

BoV said it was strengthening its risk controls, governance structure and anti-financial crime defences and said customers who operated in the gaming industry, a key business in Malta, were most at risk of being hit by remedial measures.

Wirecard says 2017 audit of Singapore unit not concluded due to probe

Wirecard's shares have whipsawed after several media reports raised questions about accounting methods, all of which the company has rejected.

European banks face large capital shortfall with Basel III rules: study

The aim of the Basel III rules, which the EU agreed with the United States, is to increase banks’ ability to withstand financial shocks.

Will Europe experience Japan's 'lost decades' or a Swiss effect?

There are some clear commonalities between the two regions: both have ageing populations, both have experienced a period of deleveraging, have an inefficient banking sector, and exceptionally low policy rates.

Citi extends Temenos contract for fund administration

Temenos claims its administration products support some 30,000 funds globally, with assets of $7trn.

Prince Andrew: Standard Chartered bank cuts ties with duke's scheme

The interview has provoked a backlash, with businesses, charities and other institutions announcing that they were reviewing their association with the prince.

Andersen Global Expands in Bosnia and Herzegovina

Collaborating with Andersen Global enhances our service offerings and extends our cross-border reach,” said Aleksandar.

FCA fines Henderson £1.9m for fund failings

Retail investors were charged up to 1.5% for Henderson funds that ditched active management

FCA guidance for firms on LIBOR transition conduct risk

We encourage all firms that currently rely on LIBOR to read and consider these questions and answers

Finalised FCA guidance on GI distribution chain

This guidance is relevant to all firms conducting general insurance and protection business

EU Mandatory Reporting of “Tax Aggressive” Cross-Border Arrangements – DAC6

Any cross-border arrangements that are seen as “potentially tax aggressive” needs to be reported to the tax authorities.

Out of time financial provision claims under the 1975 Act – further clarity from the English Court of Appeal?

The Court gave helpful guidance on the principles which judges should apply when determining whether to exercise their discretion to extend the statutory time limit

Over 180,000 Irish companies not compliant with money laundering rules

The information required includes each beneficial owner's name, residential address, nationality, date of birth, PPS number and the nature and extent of their ownership or control of the company.

Man accused of £13m 'Ponzi scheme' fraud

Mr Greig is charged with forming the allegedly fraudulent scheme at business addresses in Aberdeen

FCA publishes damning report on gender diversity

There is an increasingly broad-based consensus about the need for gender diversity in financial services globally.

The Launch of the Legal Statement on the Status of Cryptoassets and Smart Contracts by Sir Geoffrey Vos, Chancellor of the High Court

There is an endless spectrum of types of cryptoasset and cryptocurrencies, many of which already are or certainly will be designed for use as wholesale and retail payment mechanisms.

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