Managers of Wealth

MAS Issues Guidance on Investment Suitability, Pricing in Private Banking

MAS expects financial institutions to benchmark themselves against the desired outcomes set out in the paper

Despite Appeals Win,Google Agrees to EUR 1B Settlement to Avoid Criminal Prosecution

The controversy began several years ago with the search and seizure of Google France’s premises.

Barclays Boss Jes Staley Probed By Britain’s Financial Watchdogs Over Links To Jeffrey Epstein

The investigation is actually focused on transparency and whether I was transparent with and open with the bank, and with the board, with respect to my relationship with Jeffrey Epstein.

Penalties, remediation, and our General Principles

Speech by Mark Steward, FCA Executive Director of Enforcement and Market Oversight, delivered at the City & Financial Global Ltd event, London.

Court of Appeal upholds NCA’s use of unexplained wealth orders

The court dismissed an appeal brought by Zamira Hajiyeva, the wife of an Azerbaijani banker

Global tax reform could raise as much as $100B, OECD says

The analysis shows that Pillar Two could raise a significant amount of additional tax revenues.

BoE speech on gender diversity

It is that changing nature of the debate about women in the workplace – and gender diversity more broadly that I wanted to make the theme of my remarks today.

Barclays boss Jes Staley's links to Jeffrey Epstein investigated

Bank board says it has full confidence in CEO as UK financial watchdog looks at ties to disgraced financier

$450 Million Superyacht in Divorce Case Freed to Leave Dubai

Dubai Court dismisses attempt to enforce U.K. Akhmedov order

Creditors Swoop on Indian Tycoons’ Rolls Royce, Island Mansion

Some tycoons have held assets through arcane webs of holding companies, which has complicated creditors’ efforts to recover funds.

Greece introduces an attractive tax status for foreign high net-worth individuals

Manos Tountas of EY Greece examines the new ambitious tax law which could help bring a new wave of wealthy entrepreneurs into the peninsula.

Cyprus 'golden passports' scheme a laundering risk, says watchdog

Under the program, a minimum 2 million euro ($2.18 million) investment can get a passport and instant visa-free travel throughout the European Union, of which Cyprus is a member.

No FATCA Relief For Accidental Americans

The exemption covers taxpayers who have not avoided tax filing wilfully.

NR Private Market is now presenting GreenOre Gold to its pool of sophisticated and high net worth individuals

NR Private Market has helped companies raise around £6mln so far

A new narrative for funds transparency by Geoff Cook & Ben Robins

Some centres are already addressing these questions through specialist regimes, expertise and infrastructure for green finance, ESG investing and philanthropy.

Cayman Island Private Funds Law, 2020

On 7 February, the Cayman Islands Government published the Private Funds Law, 2020 and the Private Funds Regulations 2020.

Potential Problems For Clients Fleeing High-Tax States

Wealthy taxpayers in high-tax states are considering moves to Arizona, Florida, Texas, Nevada or Tennessee, among others.

Crypto firms added to Finma warning list

The latest companies to submit insufficient or falsified information to the regulator.

The Offshore Litigator's Perspective

It is our client's second win in the Privy Council in this litigation and our briefing on it is vital reading for those interested in the offshore funds industry

Coronavirus Outbreak: Legal Update

Many companies will be giving priority to repatriating members of staff located in mainland China and other areas that are impacted by the coronavirus outbreak; but different governments are giving differing guidance to their citizens, and the guidance wh

Legal,Regulation,Tax & Compliance