Managers of Wealth

How to Improve Your AML Compliance and Prevent Money Laundering

If your firm operates across many offices and different jurisdictions, there is a danger that the processes will become disparate.

How businesses can adapt to increasing compliance demands

Our research shows – unsurprisingly – that company secretary duties are predicted to increase across the world as compliance demands on multinationals continue to grow.

US FATCA crackdown pushing demand for tax advice

The FATCA international tax code was designed to stop Americans stashing money abroad to evade tax.

Switzerland pushes for more financial transparency

The Swiss parliament is likely to examine the proposal for the first time in the 2020 spring session.

Swiss bankers fined over 1MDB dealings

1MDB is at the centre of money laundering probes in at least six countries, including the United States, Switzerland and Singapore.

‘Priceless’ Jewelry, Artifacts Stolen From German Museum

The stolen jewelry is “unique in Europe,” said Dirk Syndram, the director of the Grunes Gewolbe.

Rothschild Aided Czech Billionaire in ‘Fraud,’ Hedge Fund Claims

Rothschild helped Vitek quietly take control of Luxembourg-based Orco Property Group so the billionaire could strip it of its most valuable assets

Switzerland pushes for more financial transparency

The Swiss parliament is likely to examine the proposal for the first time in the 2020 spring session.

Much awaited Hong Kong Court of Final Appeal decision on anti-Bartlett clauses handed down

This is our initial take on the decision with more detailed analysis to come over the next few days.

Executive director of the Queen’s bank Coutts denies it was an ‘old boys’ club’

Central London Employment Tribunal was told that female staff earn more than a quarter less than men on average.

IFA jailed for nicking £600k from own family

A Derbyshire-based financial adviser has been jailed for over six years after being found guilty of stealing more than £600,000 from his own family.

London broker pleads guilty to conspiring to evade FATCA

FATCA demands foreign financial institutions must make an annual report to the IRS that disclose the details of any accounts controlled by US taxpayers.

Finma adds three firms to warning list

The latest companies to provide insufficient or false information to the regulator.

200,000 Brits in for a £3 billion Swiss bank share-out?

The cash is owed by Swiss financial institutions like UBS and Credit Suisse to anyone who invested money through them and did not receive the commission fees paid on the deal.

Vatican officials: Swiss bank suspected of money laundering led to Pell conflict

"Sometimes the Church must be able to help without being seen to be helping.”

Summary of key points of additional implementation guidance on CbC reporting

The guidance clarifies that, consistent with the definition of revenue, profit (loss) before income tax (PBT) excludes payments received from other constituent entities (CEs) that are treated as dividends in the payer’s tax jurisdiction.

Morgan Stanley tweaks brokers’ core payout formula to boost revenue

Financial Advisor IQ quoted Morgan Stanley Wealth Management field management head Vince Lumia as saying that the new comp plan “is focused on rewarding growth that will be achieved by deepening relationships, adding new clients and delivering a sta

Blacktower opens ‘fully regulated’ Cayman business

To offer financial planning services on the island EmailFacebookTwitterLinkedInPrint

Risky business: UBS warns that tax on billionaires will kill off risk appetite

The proposed wealth taxes have prompted a number of super-wealthy figures including former Goldman Sachs boss Lloyd Blankfein and JP Morgan chief executive Jamie Dimon to publicly express their concerns.

Deutsche Börse and Swisscom Settled Securities Transactions via Tokens for Swiss Banks

In the following securities transactions, the banks acted as counterparties and exchanged securities tokens against cash tokens using DLT.

Legal,Regulation,Tax & Compliance