Managers of Wealth

UK renews crackdown on offshore tax evasion

This legislation is expected to come in the 2018-2019 finance bill, according to the budget.

AEOI – the consequences of non-compliance and the request to correct

Preparations should be well underway, to assess and ascertain the FATCA compliance status of your organisation.

Monaco deny Football Leaks claims of offshore set-up to bypass Financial Fair Play

Monaco qualified for the Champions League in 2014 after finishing second in Ligue 1, and were looking for new revenue streams that would enable them to comply with FFP.

HSBC bank confirms US data breach

HSBC has said some of its US customers' bank accounts were hacked in October.

Top HSBC executive probed by Financial Conduct Authority

A top executive at HSBC is being probed by city regulator the Financial Conduct Authority.

Budget 2018 – Key highlights for international clients

We have pulled out a few of the key highlights for our international clients and their advisors, along with a recap of some of the major changes coming up in 2019 and 2020.

Barclays executive arrested on suspicion of killing his wife

Mrs Pomphret was a keen horsewoman and a registered volunteer with British Dressage.

UBS Trader Accused in Insider Case Bought 3-Liter Bottles of Cristal

Choucair, 39, has been a Tramp member since 2001, and, according to prosecutors, took Abdel-Malek to the club after she gave him information on deals UBS was working on.

The role of regulation in encouraging good culture

Speech by Andrew Bailey, Chief Executive of the FCA, delivered at the Investment Association Culture Conference, Mansion House, London.

Guernsey will always be leaders

International regulations are pushing all jurisdictions to show that the companies resident in those jurisdictions have substance.

United Nations launches European green finance network with Guernsey

The new European network, which has its base in Dublin, sees Guernsey join other leading financial centres including London, Frankfurt, Paris and Zurich, among others in a broader European commitment to sustainable finance.

Guernsey – in the global elite for private wealth

The Private Client Global Elite is a global directory of the world’s top private client and trust disputes talent and rising stars in the industry. Guernsey Finance sponsored a gala dinner in London for the elite list.

Ex-banker forfeits $43.7 million and pleads guilty to conspiracy to violate the FCPA and launder money

This work generated $600 million in fees and led to large bonuses for Leissner and Ng.

Ex-UBS Grad Alleges Whitewash

A former graduate banker at UBS has blasted an outside legal review at the bank following a rape allegation she made against one of her bosses.

From GoSkippy to diamond mines: the web of Arron Banks's wealth

The tycoon’s complex finances are under scrutiny as the NCA investigates £8m of Brexit campaign funding

Legal Guide Rankings Confirm Appleby as Leading Law Firm in Isle of Man

Last week Appleby Isle of Man also announced its ranking in The Legal 500

Crown dependencies to comply with EU tax regulation

Guernsey and Isle of Man join Jersey to avoid EU tax haven blacklist

Higher penalties for offshore matters

An offshore matter is where the potential loss of tax is charged on

US charges former Goldman bankers for 1MDB

Former Banker Tim Leissner Pleaded Guilty to Conspiring to Launder Money and to Violate the Foreign Corrupt Practices Act Related to 1MDB

Proposed abolition of “white list” approach in CRS legislation

This article discusses the change announced in the FAQ, details the jurisdictions affected and highlights the key obligations and considerations for Swiss FIs in complying with the amendment

Legal,Regulation,Tax & Compliance