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

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

Banks and insurers licensed to exchange fraud data in the Netherlands

The protocol effectively enables a system of decentralised data exchange

The Filing Deadline for Private Funds Annual Return is Coming Soon - Are You Ready?

CIMA did not publish the FAR Form publicly meaning only a registered private fund (or a person authorised to act on its behalf) may access the FAR Form within the REEFS system.

Asian Development Bank: integrity compliance and enforcement

The OAI's investigation and enforcement activity continued more or less unabated, despite the OAI being required to pivot to remote working because of the pandemic.

What Can We Expect from the SEC with COP26 Around the Corner?

Chair Gary Gensler of the Securities and Exchange Commission (SEC) has made climate change headlines of his own in recent weeks.

FCA Proposes Enhanced Disclosures on Diversity and Inclusion for Listed Companies

Proposals reflect growing investor focus on the ESG performance of listed companies.

Off‐Shore Crypto Exchange to Pay Up to $100 Million to Resolve Enforcement Action with U.S. Regulators

Civil enforcement actions and criminal charges against BitMEX’s founders are pending.

Mastercard faces competition ‘opt out’ class action damages trial

The ruling by the Competition Appeal Tribunal (CAT) is the first in which it has conditionally certified collective proceedings for damages resulting from a competition law infringement on an 'opt-out’ basis.

Frenkel Topping enters fifth joint venture

Mark Holt, managing director of Frenkel Topping Limited, said: "We have known and worked with the Pattinson Brewer team for many years."

BMA seeks more Seamless Marketplace with ILS Process Enhancements.

To discuss the changes and what this means for both ILS market participants and the Bermuda marketplace, Artemis spoke with Adderley, who has been working with the BMA on this matter.

SEC sanctions company for hypothetical cyber risk factor when the company already had an incident

The SEC alleged that both the SEC filing and the media statement were misleading, including because they characterized a known harm as a hypothetical risk.

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