Managers of Wealth

Carey Olsen leads offshore firms in Chambers High Net Worth 2020

In total, 10 of the firm's lawyers from across its Bermuda, Cayman Islands, Guernsey and Jersey offices have been recognised by the independent legal directory

HMRC reports £31bn in unpaid tax

It blames evaders, but businesses and individuals responsible for most of the missing cash

Ireland introduces central beneficial ownership register for some investment funds

The regulations for funds follow the introduction of a Central Register of Beneficial Ownership (CRBO) for companies last year, with this register overseen by the Companies Registration Office.

Morning Coffee: Credit Suisse might cut two whole divisions. The most horrifying banking roadshow ever

Conversely, creating an even stronger fortress Switzerland would also send a message about strategic and geopolitical priorities.

The Role of a Protector

A protector must comply with the express terms of the power. She cannot act outside of her powers; if she does, the action will be void.

The Offshore Litigator's Perspective

That is, at least until enabling legislation is passed to rectify the position. We also analyse the latest guidance on recoverability of overseas lawyers' costs, including a determination that the fees of in-house counsel can be recovered.

Asset, Aviation and Real Estate Financing Trends

Offshore Perspective from a Guernsey Banking Lawyer

Merrill Fires Multi-Million-Dollar UHNW Pair for Cheating

His partner, Christopher R. Berry, was let go for the same training violations, according to the summary of his discharge.

Russian Billionaire Loses Appeal In Feud With Swiss Art Dealer

The battle has been playing out over the past five years in courts across Europe as well as New York and Singapore.

Dutch court to question ING and ex-CEO Hamers in money laundering case

But a group of disgruntled investors felt justice had not been served and the court in The Hague had said it would take their demands into consideration.

How China’s Greater Bay Area wealth management connect could help millionaires move their money across borders

Cross-border banking partnerships seen as key to implementation

3 Key Lessons From The FATF’s Report On Its Virtual Asset Review

According to the FATF’s report, 32 jurisdictions that it surveyed have imposed anti-money laundering and countering the financing of terrorism regulation on the virtual asset sector.

UK High Court inheritance disputes hit all-time high

Hasty action taken during covornavirus outbreak could spell trouble down the road

Is catching tax evaders the answer to settling covid-19 debt?

Would be ‘perverse’ for HMRC to ‘attack’ upstanding citizens but leave law breakers ‘unchallenged’

Deutsche Bank Fined $150 Million For Relationship With Jeffrey Epstein, Other Lapses

First Enforcement Action by a Regulator Against a Financial Institution for Dealings with Jeffrey Epstein

Ireland Update: Establishment of Register of Beneficial Ownership of Unit Trusts, ICAVs and Credit Unions

The 2020 Regulations also amend the definition of “beneficial owner” in relation to Unit Trusts including to clarify that there will be a “greater than 25 per cent” threshold when determining whether a unitholder is deemed to be a

Appleby Offshore Data Protection Guide

The team works frequently with local government, regulators and industry bodies to develop responses to the challenges of globalisation and regulation, with a focus on producing effective solutions for clients.

Supervising the new normal

Blog post by Kerstin af Jochnick, Member of the Supervisory Board of the ECB

Scope of the Cayman Islands Private Funds Law expanded

The scope of the Private Funds Law, 2020, which introduced fundamental changes to the regulation of Cayman Islands closed-ended funds earlier this year, has been expanded by the Private Funds (Amendment) Law, 2020.

Basel Committee reports on Basel III implementation progress

The progress report sets out the adoption status of Basel III standards for each Committee member jurisdiction as of end-May 2020.

Legal,Regulation,Tax & Compliance