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

New rules boost Dubai’s international arbitration credentials

The new rules will take effect on 21 March 2022 and will replace rules which have been in place since 2007.

EU Data Act: new rules for data exchanges between businesses, users and third parties

Data generated by using online or mobile services are of equal economic value, for example data from any app using location data.

DFSA decisions to penalise Dalma Capital Management

Both Dalma and Mr Cefaratti dispute the DFSA’s findings and have referred the Decision Notices to the Financial Markets Tribunal

Data management for regulatory reporting: Key themes, challenges and solutions for 2022

To prevent this issue, regulators now want to engage in open dialogue and collaboration with the firms they oversee to ensure compliance.

EU Data Act: new rules for data exchanges between businesses, users and third parties

The Commission said it expects the new rules to add €270 billion to the EU's gross domestic product by 2028.

Russian Sanctions - Navigating the new UK and EU measures

We provide a general overview of how sanctions regimes work in one of our previous articles.

Beneficial ownership register for overseas owners of UK Land

The plans had been on ice since 2018

Ensuring UK landfill tax continues to meet its environmental objectives

Wet size-screening actively encourages the recycling of a significant proportion of material which would otherwise be destined for landfill.

DOJ to Devote Substantial Resources to Investigating and Prosecuting Corporate Crime

As a testament to their commitment to these resource-intensive cases, AG Garland discussed plans to hire 120 new prosecutors and 900 new FBI agents; this announcement represents a substantial surge in resources.

Singapore SMEs and labour union pledge workplace gender equality

Almost one quarter of respondents to a survey conducted by the two associations believe there is gender bias in the workplace.

Acceleration of UK transparency measures: Economic Crime (Transparency and Enforcement) Bill

The current position is that the publicly accessible register held at the Land Registry for a particular piece of land only discloses the name or names of the legal title holder.

Company Law and Corporate Governance – The Importance of Planning

Being attentive, alert and razor sharp at all times is difficult to achieve, so we use tools to help us stay organized and up to date with our everyday assignments or special projects.

Impact of Budget 2022-23 on property owners, tenants and purchasers in Hong Kong

Hong Kong’s government has relaxed the cap on the value eligible for a mortgage loan.

Investors told to expect big changes to UK prospectus regime

The proposed reforms will also make it easier for unlisted public companies to offer their securities to the public

A guide to Account Freezing Orders and Account Forfeiture Orders

These applications are generally brought by law enforcement agencies (National Crime Agency (NCA), Serious Fraud Office and Her Majesty’s Revenue and Customs) and particularly their criminal investigators who attempt to preserve assets for forfeitur

New rules boost Dubai’s international arbitration credentials

The new rules will take effect on 21 March 2022 and will replace rules which have been in place since 2007.

Hong Kong regulatory enforcement trends: is change on the horizon?

Regulatory enforcement in Hong Kong has changed dramatically in recent years

Belgium flexes its AML and regulatory muscle on crypto-service providers

Belgium partially transposed the 5th AML Directive into the Belgian AML Act by way of an act dated 20 July 2020.

UAE affirms commitment to strengthening anti-money laundering efforts

Country will work closely with FATF to address remaining areas of improvement

Financial Regulation: Daily Update

The documents aim to mitigate the limited risk of data truncation in CHAPS that will occur between November 2022 and April 2023.

Government Regulation