Managers of Wealth

Expats hit with tax planning complications due to lockdowns

This could impact your tax planning strategies which, in turn, could affect other personal finance matters including retirement planning, estate planning and trusts.

Will offshore structures stand up to close scrutiny by HMRC?

The real question is whether or not the planning undertaken in the 1970’s and 1980’s has stood the test of time?

ESA Join Consultation Paper On ESG Disclosures

This briefing highlights some key takeaways for asset managers in relation to the Consultation Paper and Draft RTS

Carey Olsen supports Polygon with serviced office venture in Guernsey

The investments represent a positive sign for the Guernsey real estate market, which has adjusted well to the current coronavirus (COVID-19) restrictions and is endeavouring to carry on with business as usual.

Coronavirus: New UK Charity Commission guidance on managing financial difficulties

The guidance also notes that a charity may receive significantly less money now on the sale of investments and assets as compared to normal times.

Q & A On The EU Listing Of The Bahamas

The Bahamas will continue to liaise with the FATF to ensure the on-site inspection takes place

Billionaire Isabel Dos Santos Calls For Assets To Be Unfrozen—Points To Fake Passport Signed By ‘Bruce Lee’

False documents and false statements have been deliberately brought before the court

European Disharmony

With Boris Johnson unlikely to accept this, a new trade treaty agreed before the December deadline appears ambitious, though is still possible.

Swiss private bank to exit private banking in 2021

It is in ‘advanced negotiations’ to sell and transfer its client portfolios, front-office and subsidiaries

'Life and law go on': How attorneys are working through New York City's lockdown

Lawyers serve their clients from the eggs to the apples of life; from pre-nups to divorce; tax planning to property planning; business deals to business bust ups.

Immigration lessons from coronavirus crisis and potential next steps

That’s because travel bans and border closures can happen without warning, not allowing a person sufficient time to obtain a visa.

Morgan Stanley’s wealth management business handed $5 million fine

MSSB has agreed to pay a $5 million penalty that will be distributed to harmed investors.

LUXEMBOURG UPDATE: CSSF's Weekly IFM Questionnaire

On 9 April 2020, the CSSF advised IFMs that it had launched a new questionnaire that must be completed and submitted to the CSSF on a weekly basis.

‘Everyone is doing badly’, anti-money laundering czar warns

Some countries, Lewis added, were only concerned with making sure they weren’t placed on FATF’s so-called “grey list” of low-scoring countries — a move likely to restrict a country’s access to international financial ma

Prosecution outlines fraud and money-laundering charges against Nirav Modi in London courts

From 2011 until 2018 Nirav obtained "eye-watering sums of money

Singapore bans former Barclays, DBS relationship managers

The court cases involving Mr Chew and Ms Tien were related, while the others were unrelated.

Prince Andrew Charitable Trust to be wound up amid Charity Commission investigation

PACT was unable to comment on the investigation, but confirmed that the trustees were finalising a plan to liquidate the trust and its subsidiaries.

Luxembourg introduces state guarantee scheme for new bank loans for a maximum period of 6 years

The Law also provides for the remuneration of guarantee ranging from 25 basis points for a maturity date of 1 year for small and medium size companies up to 200 basis points for a maturity of six years, for large companies.

Deutsche Bank debuts virtual fair with Frieze partnership

The two parties will also present a virtual event with UK performance artist Tom Pope called “Deutsche Bank Collection Live”.

Syria’s money man falls foul of Basher al-Assad’s ruling family

The billionaire Rami Makhlouf bankrolled his cousin the president’s war, but now the regime is turning on him

Legal,Regulation,Tax & Compliance