Managers of Wealth

Vatican Scandal's Trail to Credit Suisse

The investment is under financial investigation.

Odey ‘launched himself’ at female junior banker, court hears

Crispin Odey, charged with sexual assault, today formally entered his 'not guilty' plea at Westminster Magistrates Court

Bahamas Makes significant Strides In Fight Against Financial Crime: Update on The Bahamas’ National Identified Risk Framework

The Securities Commission of The Bahamas and the Insurance Commission of The Bahamas also established AML Analytical Units in 2019

As bank giant's shares sink to new low, HSBC to face class action over money laundering claims

Class action lawsuits allow multiple claims against a single defendant.

Chinese investors, beware: EU vows to take aim at ‘golden visas’ programmes

Such passports, which some countries issue in return for investments, are popular because they provide freedom of movement among all EU nations

Final decision in the case of BvS

In view of the final ruling, Julius Baer will pursue such notification further.

The window for "easy" partnership amended returns for CARES Act benefits is closing

Real estate partnerships are probably most impacted, though others as well.

IRS targets tax compliance by non-U.S. owners of U.S. real estate

FIRPTA taxes foreign persons on the disposition of their U.S. real property interests.

How the FinCen Papers provide an opportunity to improve the Suspicious Activity Report (SARs) regime

Buzzfeed has had these SARs for over a year.

OECD/G20 Inclusive Framework on BEPS shows progress in implementing tax transparency through Action 13 Country-by-Country reporting

This is to ensure a timely and consistent implementation across the world, which is key to the success of CbC reporting.

EU-US Privacy Shield declared invalid – what's next?

To ensure transatlantic data flows between the EU and the US following this annulment, the EU Commission and the US government reached a new political agreement on the subject, following which the Privacy Shield decision was adopted in July 2016.

Julius Baer must pay around 150 mln sfr to Germany - court rules

The matter is related to unauthorised withdrawals between 1990 and 1992 from a Cantrade account of a foreign trade company established in East Germany.

Ray Dalio’s $100 million education charity hit with abuse of wealth and power lawsuit

Controversy is swirling around the arm that is managing Dalio’s $100 million donation

FINMA reprimands Swiss private Bank

In the course of these proceedings FINMA found that the bank did not make sufficient efforts to investigate the substantial growth in the client’s assets.

Charting an estate planning course in uncertain political waters

The Democratic Party has made very clear that if it had unfettered control, taxes on property transferred by gift or death would rise.

With money laundering red flags going up, football clubs may have to step up

A Europol report on money laundering recently identified football as a money laundering paradise for organised crime networks

SIX unveils tax tool for wealth managers

SIX today launches “SIX Tax Score®”, designed to analyse the tax consequences of financial products, available to banks, wealth managers and asset managers in the form of a benchmark covering Swiss, UK and French tax jurisdictions.

FCA launches consultation on the regulation of international firms

The FCA expects a firm seeking authorisation to have an active place of business in the UK to enable us to effectively supervise its UK activities.

FCA: Speech by Marc Teasdale on drivers of culture and role of purpose and governance

Truly safe cultures support that diversity with an approach to inclusion that enables employees to bring their whole selves to work, and that creates a safe environment for people to present differing views, challenge accepted norms, and even call out whe

Adapting English law for the digital revolution

The work on digital assets will ensure that the law is capable of accommodating electronic documents, cryptoassets and other digital assets in a way which allows the possibilities of technology to flourish.

Legal,Regulation,Tax & Compliance