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

Swiss court finds German trader guilty in fraud case

The woman, whose lawyer has already announced the intent to appeal, was found guilty of several offences: multiple document forgery, fraud by trade and mismanagement.

Property developers & banks face legal action

Although the property developers and banks have not been named, an English translation of the list of decisions taken by the CCPS can be found by clicking here.

SEC Charges Eight Firms for Cybersecurity Shortfalls

According to the commission, the firms' faulty cyber policies and procedures didn't protect private client information after third parties fraudulently took over company email accounts.

Cayman Islands Liquidation Proceedings - Officeholder Independence

The Court will take into account the subjective views of all stakeholders.

Compliance and fund administration driving financial services pay growth in Jersey

Organisations that have struggled to source talent in the Island, despite offering more attractive packages, are now starting to look elsewhere or bring in off-Island talent to fill these roles.

Financial Regulation Daily Update

A lack of adequate data and common standards remain key challenges to be overcome to drive ESG integration.

New draft guideline in Germany to prevent greenwashing

If the investment terms of a fund were approved before 2 August, the fund will be exempt from the new rules.

Banks and insurers licensed to exchange fraud data in the Netherlands

The licences granted by the AP only applies to processing activities taking place in the Netherlands.

PRA remit could change for UK investment firms regime

The FCA opened its third consultation on proposed IFPR rules, covering changing prudential standards, earlier this month.

Settlement agreements in the DIFC

The DIFC court rules (RDC) do not expressly require parties to attempt to settle their dispute before commencing legal proceedings.

Philippine Bankers back proposed law vs money muling, phishing

The proposed legislation under House Bill No. 9615 punishes major offenses, such as money muling

FCA will go for 'high-profile scalps' over adverts

The latest research from InfluenceMap finds that not all strategies with climate in their name are aligned with carbon-neutral targets.

Remote right to work checks to continue until 5 April 2022

In many cases, this involved meeting the employee and checking their documents in person.

Walkers Guide to Setting Up a Cayman Islands Cryptocurrency or Blockchain Fund

Once the investment strategy has been determined, and there is the necessary interest from investors, the decision needs to be made on the most optimal way to structure the fund.

British Virgin Islands Economic Substance Reporting Requirements

Reporting is made by the Registered Agent through the Beneficial Ownership Secure Search System which has been set up by the ITA to facilitate secure reporting.

PRA remit could change for UK investment firms regime

The UK Treasury and financial regulators are currently consulting on the details of the new investment firms prudential regime

Bahamas Chapter: Aviation Guide – The Legal 500 (2021)

A Bahamian Court, in deciding an issue with respect to a lease which provides for a foreign governing law will uphold the choice of a foreign governing law.

Return to the ordinary procedure as of September 1, 2021 for any application or extension of RHT

Organizational chart of the entire company or, for operating sectors, status of personnel in the organizational units.

Former Santander employee accused of multimillion-pound fraud

Belfast man (39) to stand trial on 66 counts of fraud by abuse of position with bank

New “Shadow Insider Trading” SEC Enforcement Action -- Four Lessons for Private Fund Managers

The SEC also appears to be anticipating that the defendant will argue that his Incyte trades did not breach a duty of trust or confidence to his employer

Government Regulation