Managers of Wealth

Transforming wealth-management space poses regulatory challenge

The report noted the rise of two crucial demographic segments.

Mauritius may be the ideal Plan B

The ‘Singapore of Africa’ offers one of the most progressive investment environments on the continent.

New Beneficial Ownership Toolkit will help tax administrations tackle tax evasion more effectively

To assist policy makers in assessing different implementation options, the toolkit contains policy considerations that Global Forum members can use in implementing the legal and supervisory frameworks to identify, collect and maintain the necessary benef

FCA fines UBS AG £27.6 million for transaction reporting failures

UBS AG (UBS) has been fined £27,599,400 by the Financial Conduct Authority (FCA) for failings relating to 135.8 million transaction reports between November 2007 and May 2017.

Arki Busson’s hedge fund gives up Swiss licence and cuts jobs

LumX had already been slimming down following years of losses

Labuan Financial Services Authority and China Banking and Insurance Regulatory Commission commit to greater regulatory co-operation and collaboration

The MoU provides the platform for Labuan FSA and CBIRC to enhance the regulatory and supervisory oversight of cross border branches and subsidiaries of China and Labuan based banks and insurance entities.

MiFID II Research Unbundling: A Survey Yielding Mixed Results

MiFID II required brokers to provide a price for research that was separate from execution services, which in turn would force investment managers to decide whether to pass this cost onto clients or to absorb it.

UK lawmakers join fight for expats scammed by PremierFX in Portugal

The FCA said that it is continuing to investigate the business undertaken by Premier FX to determine whether any individuals may have broken the law and whether any money can be returned to customers of the firm.

HMRC targets accountants over tax evading clients

They are the starting point for HMRC to kick off an investigation and any evidence obtained can lead to a criminal prosecution.

Swedbank to Release AML Report on Friday

Swedbank said it would release Forensic Risk Alliance’s conclusions and field press questions on the report this Friday.

Citizenship for Sale - Could Croatia Reward Wealthy Investors?

On the World Passport Index, the Republic of Croatia holds a high ranking of sixteen because the owners of its travel documents enjoy visa-free travel to 169 countries across the world.

Luxembourg tax reform for 2019: Part II

For a Luxembourg company with profits exceeding EUR 200,000, the aggregate tax rate will decrease to 24.94%[1] from 26.01%.

J. Safra Sarasin Sued by Employee Who Miscarried

Coleman alleges both the bank and her immediate supervisor, long-term banker Feroze Sukh, are culpable under Hong Kong’s Sex Discrimination Ordinance and Disability Discrimination Ordinance.

Appleby shortlisted as International Law Firm of the Year

Appleby has a thriving private client and trusts practice in some of the most well-regulated and highly regarded offshore jurisdictions for the creation and administration of trust structures.

Raising corporation tax may seem like a vote winner, but it makes all of us poorer

The wrongdoing he had in mind is money laundering and tax evasion.

Does your offshore structure have enough substance? by Nel Schoeman and Iris Harvey

The only thing that is constant is change.

Mauritius: A rising jurisdiction of substance and innovation by Graham Patrick

Mauritius has one of the highest per capita incomes within the fast-growing African continent.

Freedom of information reform – how could it affect the charity sector?

There are a limited number of charities currently subject to the FOIA legislation.

UBS Sued by Alleged Rape Victim

She also asserts that she was disadvantaged by disclosing more than she needed to in an investigation into the rape, only to be denied access to an outside law firm's findings on UBS' handling of the matter.

Swiss regulator probes UBS Australia's $1.2b PNG loan

NG lost at least three times that amount as Oil Search shares fell sharply and the government was forced to sell out.

Legal,Regulation,Tax & Compliance