Managers of Wealth

Switzerland to Tighten its Anti-Money Laundering Rules

The proposed policy update follows the recommendations of the Financial Action Task Force, a global anti-money laundering watchdog.

MiFID II impact could be worse than expected, study finds

The impacts of MiFID II could be worse than previously expected according to new research.

Fired UBS Broker Launches RIA Aimed at Pro Athletes

His UBS team dissolved, and the three other team members left UBS for Wells Fargo Advisors in February, Ronnie Brown, a former NFL Pro Bowl running back who had been part of the group, tells the industry news website.

UBS CEO says he feels a ‘biting headwind' from Swiss regulators

Switzerland's Finance Ministry is weighing tougher capital requirements for the biggest firms playing a key role in the financial system, a move backed by the Swiss National Bank.

Lawyer for woman who blew $30m at Harrods says ‘spending money is no crime’

She blew through £600,000 ($1.1 million) in a single day and spent millions on designer fashion brands, jewellery and perfume.

Inheritance in the 21st century

Overwhelmingly, those under 25 voted to remain within the open borders of the European Union. Nearly 5 million Britons now live overseas.

Berlin Museums appeal to U.S. Supreme Court in legal battle over Nazi-looted $276 million treasure.

The treasures resided in the cathedral in Brunswick until 1671, when the suite was acquired by the House of Guelph—a royal dynasty whose descendants include such figures as Britain’s Queen Elizabeth II.

Sotheby’s will face a Russian billionaire’s $380-million lawsuit after a judge rejected its dismissal request.

On Tuesday, a federal judge rejected Sotheby’s bid to dismiss the litigation, and said the $380-million suit against the auction house will proceed in New York court.

How to Comply With Economic Substance Laws in the BVI and Cayman

Appearing on the list has the potential to significantly hurt a country’s reputation and limit its ability to engage in financial transactions with EU member states and beyond.

Europe's Billionaires Are Too Fearful To Follow U.S. Calls For A Wealth Tax

Evidence of the growing war on wealth can be seen throughout continental politics.

'We are part of the problem’: billionaires and heirs demand wealth tax

The next dollar of new tax revenue should come from the most financially fortunate, not from middle-income and lower-income Americans.

HMRC revenue soars from hunt for hidden offshore wealth

The data also revealed a 72 per cent increase in tax collected since 2016-17 when £325m was raised.

Ex-UBS compliance officer found guilty of insider trading

Jury finds Fabiana Abdel-Malek and Walid Choucair guilty on three charges; deliberations continue on two other charges

Critics round on Credit Suisse for suing UK over bonus tax

Shadow chancellor John McDonnell calls Swiss bank ‘outrageous’ as it kicks off £239m lawsuit

Money laundering and terrorist financing controls in overseas jurisdictions – advisory notice

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs 2017) require the UK regulated sector to apply enhanced customer due diligence to high-risk countries.

Scandal circles Swiss prosecutor at heart of Fifa case

Michael Lauber’s frequent meetings with subject of investigations spark controversy

FATF 'will not allow cryptocurrency to replace secret numbered accounts'

Finance ministers and Central Bank Governors at the G20 meeting in Japan welcomed the FATF's guidance, which they had themselves demanded last year.

Seven Countries Where Cryptocurrency Investments Are Not Taxed

Gaining tax residency in one jurisdiction often means you are not subjected to taxes in another residency, except for countries like the United States where you are taxed by citizenship and your worldwide income is liable.

Financial industry welcomes public registers move by Guernsey but Westminster wants more

The transition should not bring any disruption to the financial sector operating in the jurisdiction.

Ex-Morgan Stanley Banker Wins $1.6 Million Bonus in Lawsuit

He now heads investment banking in France for Bank of America

Legal,Regulation,Tax & Compliance