Managers of Wealth

‘Magical wealth manager’ scams $3.7m from believers

Saudi police arrest expat claiming he could double people’s wealth using magic

KOREA: Regulator to ease rule for wealth management startups offering robo-advisors

The deregulation is part of the government's push to give more support to financial technology firms, the Financial Services Commission said in a statement.

UBP secures Taiwan master agent licence

Offshore funds still dominate the Taiwan investment landscape, although the number and size of onshore funds are increasing.

Protocol amending the Convention for the Elimination of Double Taxation between Cyprus and the United Kingdom

This latest amendment of the Protocol created a framework that facilitates economic cooperation, fiscal stability and transparency in the relations of the two countries.

Economic substance: the beginning of the end or a new beginning for Offshore Financial Centres?

These requirements are intended to ensure that entities in OFCs have core-income generating activities in those jurisdictions

Maitland acquires legal advisory firm

Our legal services offering in Monaco will be headed by Peter Walford, who brings to Maitland a large network of high net worth clients and intermediaries based in Monaco and elsewhere.

'Betting $3 million a day on football games': lawyer gets three years for fraud

He claimed the number belonged to Mr Gordon's son Andrew, a director of his father's companies, and impersonated the younger Mr Gordon when he authorised the bank to release $6.95 million.

UK tax on offshore intangibles: 'serious' compliance issues

The new income tax charge on offshore receipts in respect of intangible property (ORIROIP) was announced in October's budget and is due to apply from 6 April 2019.

Why debt collection is booming in Switzerland

The Swiss tax system could be one reason people are slow at paying their taxes. Unlike many countries, in Switzerland taxes are not deducted directly from employees’ pay checks.

Bermuda's Economic Substance Legislation Becomes Operative - Appleby

The Declaration will require the disclosure of certain key information applicable to an analysis of substance requirements

Ogier advises TMF Group on purchase of State Street’s Private Equity and Real Estate business

This was a complex, multi jurisdiction transaction that required expert knowledge across a range of specialisms

Dechert Wins Multiple Honors

Dechert has also led Purdue Pharma’s national defense strategy in more than 1,400 federal and state lawsuits arising from the marketing of opioid medications.

UK government delays British Overseas Territories' deadline for public ownership

Overseas territories worried that the 2020 timetable for disclosure requirements would lead to an exodus of business moving towards more secretive tax havens.

£1m diamond ring seized in multi-million shopper probe

The ring is described as an 8.9 carat "emerald-cut diamond

Why ‘Taxing the Rich’ Falls on the Middle Class Instead

The motivation behind the tax was to bilk the rich to reduce the national deficit with targeted taxes.

Guernsey substance requirements update – foundations

As a result of this being brought to the attention of the Revenue Service, further amendments have been made to the regulations introducing the new substance requirements.

Regulator crackdown on lucrative golden visa schemes

The OECD examined more than 100 world countries offering citizenship and permanent residence

Ex-Standard Chartered banker prepares to plead guilty in Iran case

Emerging markets lender under investigation for alleged sanctions breaches

Ogier advises on $22.5 billion gold mining merger

The team included corporate managing associate Alexander Curry and dispute resolution senior associate James Angus.

Time to venture into venture capital trusts

One of the last relatively straightforward and tax-efficient investments left is a venture capital trust (VCT).

Legal,Regulation,Tax & Compliance