Managers of Wealth

SFC Rules: Five Things to Watch Out for Wealth Managers

A once popular channel, especially for Greater China’s sophisticated investors, the clampdown will test banks appetite

Fraud firm run by Norwich brothers declared in default

A number of IFA firms are included in the most recent list, as well as a business called Vantage Investment Group.

Graham Bentley: FCA’s work on the advice gap cannot come soon enough

The great majority of those businesses were therefore built on revenues earned from initial and ongoing commissions attached to selling products, and indeed continued to benefit from the trail for another three years.

Reasons why Guernsey’s going green

Green finance, Guernsey Green Finance, is about financing climate change mitigation projects.

HMRC finds widespread confusion over IHT rules

HMRC found that older people who had substantial wealth or who intended to leave a large inheritance, and were therefore likely to be affected by IHT rules

Wealth management boss jailed for a decade over £14.5 Ponzi fraud handed FCA final notice

David ran a legitimate HBFS business parallel with his fraud, in which he convinced investors, some of which he knew personally as friends, that their funds were held in high-interest bank accounts offering between four and eight per cent annual interest.

Similarity of phones in alleged UBS insider trading case a ‘coincidence’

Former compliance officer says day-trader friend provided mobile phone to keep in touch

TMF Group named a ‘Major Contender’ in finance and accounting outsourcing

At TMF Group we focus on providing a simple yet flexible one-stop-shop for international firms, and it is great to see this value recognised by a respected analyst.

No Safe Havens 2019

HMRC’s strategy for offshore tax compliance.

HMRC toughens position on use of offshore trusts to avoid tax

HMRC is cracking down on the use of disguised remuneration and contractor loans after winning two tax avoidance cases at the tax tribunal over use of offshore trusts to avoid tax and NICs

The IoF updates its GDPR guidance – what's changed?

The focus of the guidance remains on how charities decide on which lawful basis of processing personal data they should rely on in a particular situation.

Story-making, compliance, green finance – lessons from Hong Kong's latest sustainability conference

There has been a global change in the perception of "sustainability" and where it sits within business.

Will a carbon-added tax help save the world? by George Bull

Taxes won’t cure all of the world’s ills, but they might help with some of them.

UBS Hones French Defense Plan

The Swiss bank was ordered to pay 4.5 billion euros ($5 billion) in fines and other charges.

International Client - A round-up of the tax issues affecting international clients

Our article looks at the economic substance requirements.

How Guernsey is part of the British financial services family

Some £35 billion from Guernsey investment funds is invested into UK assets

US issues anti-money laundering guidance for cryptocurrencies

The guidance is in response to questions raised by financial institutions, law enforcement, and regulators concerning the regulatory treatment of multiple variations of businesses dealing in CVCs.

Shearman & Sterling Secures Victory For SS&C Technologies In Lawsuit Against Clearwater Analytic

SS&C argued that the theft was deliberate and planned, and that Clearwater should pay a “reasonable royalty” based on the value of the information at the time it was stolen.

Implementation of Multilateral Instrument in Switzerland

The MLI is divided into seven parts.

Deutsche Bank Panama Papers Probe Leads to More German Raids

Frankfurt prosecutors looking at wealthy individuals in case

Legal,Regulation,Tax & Compliance