Managers of Wealth

Changes to Jersey's 'high-net-worth' laws propose higher taxes and minimum net worth

If approved, the changes to the law will not affect existing residents, who will continue to pay taxes at their current rate.

UBS filed an amended Form F-4 registration statement with the SEC

The unaudited pro forma condensed combined financial information is presented for illustrative purposes only

Crypto «Wunderkind» in Severe Breach of Swiss Regulations

Furthermore, both Yousef and the Dohrnii Foundation failed in part failed to comply with their duty to provide information to Finma during the investigation.

EU Weighs Easing Burden for Banks Dealing With Wealthy Clients

That means banks stand to boost fee income if transactions are facilitated.

Corfinancial implements CSDR compliance software at Man group

With CSDR, it is important to have failed trade monitoring and cash penalties in the same solution.

Is now a sensible time to introduce a wealth tax in the UK?

Tax policy should have the effect of maximising the tax take while minimising the damage to the tax base

Swiss court registers 150 lawsuits against FINMA over Credit Suisse AT1 wipe-out

Between 2000 and 2500 appellants

Asia’s Credit Suisse’s AT1 Holders File Lawsuit

The news agency indicated that the legal claim was filed in Switzerland on Wednesday, 3 May 2023, citing Mahesh Rai, a Singapore-based lawyer for Drew & Napier LLC.

Key regulatory considerations in wealth management M&A

In this series of articles, we look at a variety of aspects in M&A transactions which can affect value, for buyer or seller, and propose ways of addressing these in the commercial terms to enhance value.

Luxury property hit by tax hikes for foreigners

The Singapore government's decision to double stamp duties for foreigners could slow down purchases of luxury homes and affect the city-state’s competitiveness as an investment hub.

Time to lock in yields as central banks near end of hiking path

The European Central Bank is also likely to push borrowing costs higher at its policy meeting next week.

Finma: Important Lessons to be Learned from Credit Suisse

Each year, the systemically important banks in Switzerland have to submit plans on how they can stabilize themselves in the event of a crisis.

FCA restricts wealth management firm over client money concerns

It also noted that the firm failed to obtain appropriate acknowledgment letters for client bank accounts where client money is held.

Subprime Debacle Catches up With Credit Suisse in Court

The suit was brought by Loreley Financing, a subsidiary of German bank IKB, which alleges Credit Suisse misled it with false statements in a $100 million investment in 2007.

Tax-free income top of mind

The bias toward higher quality was illustrated by positive flows for US Treasury exchange traded funds. Conversely, high yield corporate ETFs lost assets.

Eight steps to protect your business from internal fraud

Once you understand the threat that insiders can pose to your business, it’s key to take action sooner rather than later.

New iPhone app for HNWs caught up in fraud and tax raids

HNWs and businesses facing dawn raids by the SFO and HMRC can now get rapid-fire advice when the authorities turn up unannounced

Swiss court refuses to release part of Lebanese central bank chief funds

The report also said that millions of dollars had been frozen by Swiss authorities.

FCA restricts London wealth manager

The regulator has imposed a number of restrictions on the firm including a ban on disposing of firm assets.

H2O AM fined €20,000 per day until it coughs up key documents

Under-fire asset manager facing recurring penalty for failing to provide information to gauge impact of side-pocketed assets.

Legal,Regulation,Tax & Compliance