10/14/2020
Future Market Dynamics Part 2 - Big Tech and data disruption
The increasing importance of technological change creates new challenges for regulation.
Legal,Regulation,Tax & Compliance
10/14/2020
Carey Olsen named best offshore law firm at WealthBriefing European Awards
Carey Olsen has been crowned Best Offshore Law Firm at the prestigious WealthBriefing European Awards 2020.
10/14/2020
Druces crowned International Legal & Fiduciary Team at the WealthBriefing European Awards 2020
These awards recognise the very best operators in the private client industry, with ‘independence’, ‘integrity’ and ‘genuine insight’ the watchwords of the judging process – such that the awards truly reflect exce
10/14/2020
Switzerland improves anti-bribery record
Switzerland is one of the few countries to actively enforce efforts to combat bribery of foreign officials, according to the latest international comparison by Transparency International. But the NGO warns that the Alpine country still lacks strong whistl
10/13/2020
Use of Jersey and Guernsey Structures by US Managers Targeting European Capital
In the current politically driven regulatory climate, managers/promoters in the major US fund centres are increasingly looking for alternative ways to structure investment vehicles suitable for and acceptable to their European domiciled investor base.
10/13/2020
Cyprus officials implicated in plan to sell passport to criminals
Al Jazeera’s investigation reveals how senior Cypriot officials discussed ways to provide citizenship to a convicted criminal.
10/13/2020
FCA bans IFA directors who provided false and misleading SIPP declarations
Vanguard Wealth Management Limited has no connection to the Vanguard Group.
10/13/2020
Governance Guernsey: Creating a sustainable future
The importance of organisational purpose has been thrown into sharp relief by the pandemic, with the general public keeping a watchful eye on an organisation’s social and environmental impact.
10/13/2020
Corporate Transparency and Register Reform
UK Corporate Entities - UK Government publishes Corporate Transparency and Register Reform
10/12/2020
UAE approves new law regulating wealth management sector
The decree will strengthen protection for investors and family-owned companies seeking fund managers to oversee their investments
10/12/2020
OECD drafts principles for $100bn global corporate tax revolution
Technical blueprint would upend taxation of US tech groups but still needs political agreement
10/11/2020
UK urged to do more to open up tax havens to public scrutiny
"It's huge news," Nienke Palstra, of Global Witness, told AFP. "They had been dragging their feet, even though it's been a legal obligation since 2018."
10/11/2020
Law firm survey 2020
Key findings of our latest law firm survey
10/09/2020
Exchange of information with 86 countries on around 3,1 million financial accounts
These countries have claimed technical difficulties due to the COVID-19 crisis.
10/09/2020
Wealth manager is among the latest additions to Finma's warning list
The list includes companies that may be carrying out unauthorised or unsupervised wealth management and banking services, having provided insufficient or falsified information to Finma, leading to inconclusive investigation results.
10/09/2020
Swiss prosecutors investigate Geneva private bank over Brazilian ‘Car Wash’ probe
The prosecutor’s office said it suspected a “lack of internal organisation within the bank that would not have enabled it to prevent the commission of the money laundering offence".
10/09/2020
Switzerland shared bank account data with 66 countries in 2020
This is part of an annual exercise since 2017 when Switzerland decided to implement a global agreement aimed at preventing tax evasion.
10/09/2020
The problem with a wealth tax
The latter poll had suggested a higher threshold – £750,000 excluding main homes and pensions, which might go some way to explaining its higher popularity.
10/08/2020
UK woman tried to fly to Dubai with $2.44 million in cash in five suitcases
Officers searched her suitcases and found the huge cash haul, the largest detection at the UK border so far in 2020.
10/08/2020
Foreign wealth management giants poised to tap China’s US$3.7 trillion market as new rules promise to cut risk
Europe’s biggest asset manager Amundi launched its majority-owned wealth management venture in Shanghai recently, becoming the first foreign company to do so