Managers of Wealth

Former Swiss bankers plead guilty in U.S. tax evasion case

The trio had been indicted in 2012 alongside the bank itself on allegations of shielding $1.2 billion from U.S. taxes, but prosecutors agreed to the lesser charge in March.

PIMFA urges Regulator to work more closely with industry to rebuild levels of trust in fair FSCS outcomes

Results from the survey revealed the extent to which the FSCS is putting firms under increased financial pressure

FCA calls for tougher measures to tackle online scam ads

It is clear there is now mounting pressure on the government to take steps to tackle the promotion of scams through search engines and social media platforms.

FCA extends pause on Mifid 10% rule

The FCA intends to apply the TTP on a broad basis from the end of the transition period until 31 March 2022.

Degroof Petercam and Avaloq ink agreement

This new solution will transform Degroof Petercam’s IT platform and better position the institution for growth and new opportunities.

Landmark decision approving third party litigation funding in the British Virgin Islands

Given the large number of relatively small creditors and the lack of available funding in the estate, the liquidators turned to the commercial third party funding market to meet their anticipated costs and expenses, including the costs of prospective liti

Does dirty money need banking secrecy to thrive?

Recently uncovered suspicious transaction reports, made to the US Financial Crimes Enforcement Network (FinCEN), show Swiss banks moving billions of dollars around the world.

Swiss Bank Ensnared in Venezuelan Graft Probe

The activity has been carried out at the bank’s offices and has been having a significant impact on the overall costs for the year

JP Morgan Chase admits to US market manipulation and agrees to pay $920m

‘Spoofing’ practice illegally affected futures and metals market

Weekly Tax Brief - 29 September 2020

Property sales are on the rise

The Art of Giving: UK tax incentives for owners of art

Generally, these tax incentives apply to assets which are considered pre-eminent.

Trump's reported tax methods would be par for the course for the rich, experts say

It’s not something cooked up in some law firm, it’s something Congress devised,” he said of the tax breaks enjoyed by the real estate sector and investors with capital gains.

Irish Government approves amendments to Investment Limited Partnership Bill 2020

Irish ministers approved legislative plans last week aimed at enhancing Ireland’s regulatory environment in international financial services.

SEC Issues $1.8 Million Whistleblower Award to a Company Outsider

Marks 100th Individual Awarded Under Whistleblower Program

Reg BI and Beyond: Your September Update

Broadridge continues to monitor candidate positions, ensuring we are poised to act in accordance with the rules enacted under the prevailing administration.

Investments in UK residential real estate market – UK tax considerations for foreign investors

There is no single approach and the solution differs considerably depending on personal circumstances and objectives.

New Silkroutes Group under CAD probe for possible breach of Securities and Futures Act

Teho told SGX on Sunday that Mr Oo, who is now an independent director with Teho International, has informed the Catalist-listed oil and gas-related company of his assistance in the investigations.

Jersey Court Decision in Beddoe Application may have Implications for Statutory Firewall

The court was also prepared to direct the trustee to waive privilege in its legal advice, despite the benefit of doing so being both marginal and speculative.

EU fraud, corruption and money laundering – the EU Public Prosecutor’s Office takes shape

These 22 prosecutors and the European Chief Prosecutor, Laura Codruţa Kövesi, will constitute the College of the EPPO.

ESMA Published Draft Rules for Third-Country Firms Under New MiFIR and MiFID II Regimes

These changes include new reporting requirements for third-country firms to ESMA on an annual basis, and include the possibility for ESMA to ask third-country firms to provide data relating to all orders and transactions in the EU.

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