Managers of Wealth

Lloyds freezes 8,000 offshore Jersey accounts in dirty money push

UK lender spent three years asking clients for personal information under new rules

Finma adds four firms to warning list

The list includes companies that might be carrying out unauthorised or unsupervised wealth management or banking services.

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

This webinar provides background on economic substance legislation

Collas Crill's Contentious Trusts Team Shortlisted for Step Private Client Award

The STEP Private Client Awards are seen as the hallmark of quality within the private client industry, highlighting excellence and innovation among private client professionals worldwide.

Former UBS China banker given 9 years in prison for insider trade

The documents said that Sang shared information with two associates

Statistics on automatic exchange of banking information and the right to hold authorities (and banks) to account

It is still hard to know how well this system is working

Global Financial Markets Regulatory Review - June 2019 Edition

The discussion paper outlines APRA’s proposals with respect to a number of areas including asset classification and provisioning, credit standards and credit risk management.

Wealth management investigations spike

In the Royal Commission's final report, commissioner Kenneth Hayne recommended when ASIC identifies misconduct, its starting point should be "why not litigate?" instead of the "negotiate" tack the regulator has traditionally taken

Addepar Inks Reseller Partnership With Mirador

The West Coast fintech firm will be resold to wealth management firms and UHNW family offices with customized analytics and reporting

Legal team advises private bank on wealth manager acquisition

Deal Is Part Of Wealth Management Business’ Growth Strategy

Former Barclays boss John Varley cleared in Qatar fraud case

Mr Varley has been acquitted on both counts.

College admissions scandal mastermind found fertile hunting grounds in wealth management world

Singer, who has since admitted to running the brazen college admissions scam that federal prosecutors brought down in March with criminal charges against dozens of people, was no stranger to Morgan Stanley or other big investment firms.

Parliament agrees to align with OECD tax transparency rules

The government had tried since 2005 to convince parliament to adapt Swiss law, while in 2015 the OECD said it considered Swiss attempts to tighten rules on bearer shares insufficient.

Carey Olsen Shortlisted For International Award

Carey Olsen is one of five finalists for the International Legal Team of the Year [midsize firm] category.

Jersey Finance Comments on Commitment to Move Towards Public Registers of Beneficial Ownership

As an industry, we are now looking ahead to working together with government and other partners to move forward

Grand Theft Europe

Fraudsters are every year robbing Europe’s citizens of 50 billion euros in tax money. A Europe-wide investigation by 63 journalists from 30 countries, coordinated by CORRECTIV.

3 common legal structures for expatriate employees

The EWE structure can pose a corporate income tax risk, so careful planning is recommended.

SFC fines Credit Suisse for disclosure failures

The SFC takes the view that CSHK and CSAG have failed to put in place effective systems and controls to ensure compliance with the disclosure requirements and timely detection of the disclosure failures.

Offshore relocations - moving your family to the Channel Islands

Those arguments still hold true, but more and more the things that are swaying people towards Jersey and Guernsey are about the high quality of lifestyle, healthcare and education, strong and reliable travel links, a thriving entrepreneurial culture and t

Islands announce plans to set up ownership registers

The commitment announced today will increase further transparency and accessibility whilst maintaining high standards of accurate, up-to-date, verified information.

Legal,Regulation,Tax & Compliance