Managers of Wealth

Antimoney laundering body to check Chinese millions

Several non-Chinese travelers, who arrived in the country from Singapore, declared they carried more than $25 million during the same period—from Dec. 17, 2019, to Feb. 12.

Swiss watchdog to probe Julius Baer employees on money-laundering oversight

FINMA declined to comment on specific individuals or give a time-scale for how long its investigation may last.

Switzerland hands down first Petrobras conviction

Swiss prosecutors have opened some 60 criminal proceedingsexternal link, including two probes against Swiss financial institutions.

Missing millions are no excuse for failing to account...

In early 2019 the beneficiaries formally requested from the executors information concerning the assets in the estate and an account of how the executors had been dealing with them.

Property tycoon who lost £3,000,000,000 fortune changed name to hide rape conviction

However, he reverted to his birth name of Simon on his passport in 2003.

OECD Shares Tech Tools To Boost Tax Compliance, Data Swaps

In light of the ongoing implementation of TRACE by Finland and the interest of other jurisdictions to follow suit

Corporate Crime update - Herbert Smith Freehills

Our update now covers a number of jurisdictions.

Should family offices be worried about HMRC’s new secret unit? by Chris Etherington

More than ever before, tax changes in the Budget will not simply be of national concern

Oil Is Now More Volatile Than Bitcoin

Bitcoin and most cryptocurrencies are synonymous with extreme bouts of volatility.

The Cayman Islands has been added to the EU Blacklist. What Now?

EU Member States have been encouraged to apply additional administrative measures regarding structures or transactions with jurisdictions on the EU blacklist.

The World’s Biggest Tax Haven Lurked Behind A Dos Santos Penthouse

As scrutiny of her business empire increased, African billionaire Isabel dos Santos turned to one of the world’s most secretive tax havens to conceal a $1.8 million luxury apartment.

Global Biglaw Firm To Launch Worldwide Cannabis Law Practice

DLA Piper has also been advising on the changing regulatory environment across the globe, helping clients understand different legislative regimes by providing a regulatory snapshot of the changing landscape.

How CCO Reasonable Prevention Procedures Can Help You Mitigate DAC6 Penalties

DAC6 non-compliance by itself will not necessarily increase the likelihood of a CCO investigation.

Cayman Finance Response to Tax Justice Network Financial Secrecy Index 2020

The Cayman Islands would not be highly ranked on any secrecy index that is objective, transparent, and based on standards established by global standard setting bodies.

UBO registers in the Netherlands and Luxembourg: an update

Now that the UBO register is live in Luxembourg, it has allowed the general public and other interested parties like bankers, lawyers and notaries to see how it works in practice.

Why enforcement authorities favour Account Freezing Orders

There is also anecdotal evidence that the NCA has been able to obtain such orders based on historic internet articles alleging wrongdoing by an account holder’s relative.

Court orders Credit Suisse to provide $1bn fraud related documents

Ruling Increases Pressure on Bank's New CEO to Address Litigation Risks

Turn Regulation Best Interest into a Value Proposition

Recasting regulatory obligations as cultural commitments

World Bank Grapples With Study Linking Foreign Aid to Corruption

The article was then published hours later, by the World Bank, he explained, also confirming this through screenshots he shared with OCCRP.

The economic toll of the coronavirus – from iPhones to solar panels to tourism

While much of the world’s attention is rightly focused on the human toll of COVID-19 – including the 1,873 deaths reported as of 18 February – the economic toll of the outbreak also has potentially disastrous implications.

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