Managers of Wealth

Deutsche Bank chief dismisses takeover speculation

Sewing’s remarks followed the two-day raid as part of an investigation linked to the so-called Panama Papers leak of documents about offshore finance.

End to rulings on Swiss principal companies and finance branches

Under the current regime, a notional interest is calculated on the capital made available to the Swiss permanent establishment that leads to a reduced taxable net profit of the Swiss finance branch in Switzerland.

Madoff Victims Will Get Another $695 Million From U.S. Fund (1)

Madoff’s investors lost a total of $19 billion in principal and more than $40 billion in fake profit when his securities firm collapsed in December 2008.

Asian Currencies Are Winning Over Fund Managers

De-escalation of trade dispute seen as key for Asia currencies

Gucci could go to court in next 20 days over tax evasion accusations

Both Gucci’s current chief executive Marco Bizzarri and former chief executive Patrizio Di Marco are under investigation as part of the case.

Revived 1MDB Probe Claims Victims

These guys are fucking criminals,» Belfort told finews.asia last year. He was referring to spendthrift Malaysians reportedly linked to sovereign wealth fund 1MDB.

Vistra Cyprus Acquires Licence for Cypriot Investment Programme

Vistra Cyprus, being recently awarded the required licensed certificate, with registration number CIP 448, is now permitted to make such submissions

Deutsche Bank investigated over Panama Papers

Fallout hits German bank more than two years after Mossack Fonseca scandal broke

Hong Kong court acquits former Standard Chartered private banker of bribery charge

A magistrate's court in Hong Kong has acquitted former Standard Chartered Bank private banking head Ryan Gwee Yuan Kerr of a bribery charge brought by the Independent Commission Against Corruption (ICAC).

Deutsche Bank's Frankfurt Headquarters Raided in Money Laundering Probe

Frankfurt headquarters as part of an ongoing probe into money laundering that has implicated several European banks over the past year.

Overcoming the Challenges of Cross-Jurisdictional Customer Onboarding

The real commercial risk for organisations that are not ready to take this challenge seriously won’t necessarily come from the existing set of competitors, which might use the same traditional approach.

Beyond Brexit and the next election – a wealth tax? by George Bull

In the meantime, for those with the luxury of time to plan ahead, it may be possible to implement share structures which do not fall foul of the new rules from the outset.

Guernsey courts endorsed for “big ticket” disputes

Mr Kosky praised the Guernsey courts for a “virtually paperless” trial and a judgment made within nine months of the hearing concluded, particularly, he said, when Guernsey had little track record of litigation of such a size.

Carey Olsen advises on £43.7 million sale of IFC1

The Carey Olsen cross-practice team was led by partner Alex Ohlsson with support from senior associates David Taylor and Will Whitehead, and associate Rebecca McQuillan.

Jersey confirms beneficial ownership policy

Stringent requirements for the incorporation of Jersey companies, together with regulation and supervision of trust and company service providers, ensure this information is accurate and current.

Hong Kong seeks relaxation of fund management sale rules in China

The Greater Bay Area has a combined population of 70 million, or 10 times Hong Kong’s population.

The Future for Independent Asset Managers

One thing is certain, however: Banks may or may not offer all their products to their customers.

UBS refuses to pay ex-trader’s £500,000 Libor bill

The June ruling criticised the City watchdog’s decision to go after Mr Hussein and not some of his more senior managers, giving Mr Hussein fresh hope.

1MDB probe shifts focus to extent of Goldman's role

Authorities question if scandal points to companywide corruption

The US$144 million in dirty cash that no money launderer in China would touch

Shenzhen official Li Huanan offered up to half of his haul to any underground banker willing to move his illicit fortune abroad – but found no takers

Legal,Regulation,Tax & Compliance