Managers of Wealth

StanChart Couldn’t Tell Regulator How Some Rich Clients Got Rich

Dubai authorities found numerous source-of-wealth breaches

Rubens and Hirst Among 46 Objects Donated to British Museums in £58.6 Million Tax Deal

The “cultural gifts” and “acceptance in lieu” schemes arrange tax breaks for the wealthy in exchange for valuable artworks going to the nation’s museums. Some say the arrangement has saved local cultural institutions.

Footballer Carjacking Attempt Reveals Threat to London's Super-Rich

That incident followed the attempted carjacking by an armed gang with mopeds when the two men were traveling together.

A Wealth of Opportunities

The total amount of individual wealth in China exceeded 146 trillion yuan ($21 trillion) last year

New IRS Procedure Provides Favorable Path for Non-Compliant Expatriates to Become Tax Compliant

This procedure, while limited in application, is an extremely favorable way for non-compliant U.S. citizen expatriates to come into compliance

New regulations benefit advisers and clients: Zurich WM

‘Hence, being classified as institutional client, instead of private client, will give them a much wider choice of investment opportunities.’

Luxembourg Falls Further Behind EU AML Rules As Companies Fail To Disclose Ownership

Luxembourg has approved a further delay for companies to register their beneficial ownership details after 53% of affected entities failed to meet the original deadline.

HMRC faces legal fight for handing Britons' data to US tax officials

Case may have implications for British citizens born in US, who risk having accounts frozen

The Advantages of Opening a Business in the Cayman Islands

Although the country is considered a tax haven, this jurisdiction provides a high level of trust as it follows international tax regulations.

Finma adds two Basel firms to warning list

The regulator’s list includes companies that may be carrying out unauthorised or unsupervised wealth management and banking services

London’s High Court freezes Maltese passport buyer's assets

Russian Billionaire is facing $1.3bn lawsuit

FOS apologises for SJP complaints data error

But the actual number of upheld complaints remains unchanged.

Female banker whose boss repeatedly told her 'not now, Stacey' wins £4m sex discrimination claim

The size of award Miss Macken will receive has yet to be determined.

Appleby Lawyers Recognised in the Private Client Global Elite Directory

Lawyers from across three of Appleby’s global jurisdictions have been recognised in the 2019 edition of Legal Week’s Private Client Global Elite Directory.

Vincent Kompany's testimonial match and the changing tax position

With average salaries these days for top premiership players easily surpassing £5m per year, sporting testimonials are now more symbolic.

Trusts And Foundations In Malta

How the legal institutes differ under Maltese law

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.

Legal,Regulation,Tax & Compliance