Managers of Wealth

Fos apologises for SJP data error

“We’d like to apologise for any confusion caused.”

Investing in Women Code

The Investing in Women Code is a commitment by financial services firms to improving female entrepreneurs’ access to tools, resources and finance.

Italian Tax Authorities Request Information From Switzerland On UBS Bank Customers

The purpose of the publication in the official Swiss Journal is to give to persons concerned the possibility to object to the disclosure of details on their personal account and receive a final decree ("Schlussverfügung") from the FTA inste

Hong Kong regulator fines HSBC $2.1m for breaching phone recording standards

The SFC considered that HSBC has failed to put in place effective internal control procedures to ensure proper implementation of the telephone recording function and timely detection of any telephone recording failures.

An introduction to Jersey investment funds

The information that must be included in an Expert Fund's offer document (including the specified form of investment warning to be acknowledged in writing by investors) is set out in the Jersey Expert Fund Guide.

London law firm continues on acquisition trail

The merger will strengthen Private Client and Real Estate practices and represents around £1.6 million of additional fee income for the firm.

Tax avoidance drives nearly 40% of global FDI: report

The billions attracted by tax havens do harm to sending and receiving nations alike

Man Attacks Wall Street Charging Bull With Spiked Banjo

The vandal, a 42-year-old truck driver from Dallas, left the bull with a six-inch gash and several other deep scratches.

Directors put on notice over climate change related disclosures

The hardwiring of climate change-related disclosure guidance in ASIC's regulatory regime marks a new direction for the corporate regulator, and follows a series of other milestones in the push to include climate change on the global regulatory agenda

Recognition for 11 Carey Olsen lawyers in Private Client Global Elite Directory

The 2019 edition received more than 8,000 entries, resulting in recommendations for 293 'Global Elite' lawyers and 136 'Ones to Watch'.

Guernsey considers introduction of limited liability companies

The island’s government, the States of Guernsey, has launched a consultation exercise, as it considers following many other international financial centre jurisdictions in introducing LLCs.

First tranche of data from Swiss banks can unearth hidden wealth

Regulatory and government officials said the special focus of the analysis of the Swiss bank data could be on identifying people with political links

Whistleblower says bank has blood on its hands: RAF veteran claims Standard Chartered helped Iran terrorists, ahead of court battle

RAF veteran claims Standard Chartered helped Iran terrorists

FCA new webpage on the transition from LIBOR

SONIA offers a robust alternative to LIBOR.

Time is running out on opportunity zones — but there's limited choice

Federal tax breaks related to opportunity zones could boost an investment's gain by up to 50%, but that benefit starts to decline for clients who invest after this year

CSSF’s eDesk portal available for the mandatory notification in the context of Brexit

Any date indicated in the Brexit Notification forms is based on the assumption of a no-deal Brexit occurring on 31 October 2019.

Galleon’s Rajaratnam Free From Prison After Almost Eight Years

Rajaratnam, 62, is a beneficiary of the 2018 First Step Act, which allows some federal inmates who are over 60 years old, or who face terminal illnesses, to serve the end of their sentences at home.

American expats launch residency-based taxation legislation campaign

The US tax system deems anyone with a connection to the States is a taxpayer even if they only lived in the country for a short time as a child.

India and Switzerland to share bank accounts data

Information on Indians with Swiss bank accounts will be disclosed for the first time

Luxembourg regulator issues Brexit notification to UK firms

Following the 15 September deadline, firms authorised under both Ucits and AIFM will then have until 31 October 2019 to submit to the CSSF either the corresponding application for authorisation, the corresponding notification or information or any action

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