Managers of Wealth

Cyprus clamps down on shell companies

Tax residence benefits are only for businesses that have real substance, says central bank

Impact investing – not just a feel-good story by Jacolene Otto

In essence, impact investing is powered by investors wanting to effect positive and sustainable change in developing societies and their environment.

Indonesia is returning 1MDB-linked luxury yacht to Malaysia

The super yacht is said to be in waters off Batam, near Singapore

HMRC takes record haul from UK’s most hated tax

Inheritance tax bills rise to £179,000 each

GAM CEO defends suspended Haywood’s investment strategy

Earlier today, the Zurich-based company’s shares rose as much as 4.1% on the news

Canaccord clients seek redress over film scheme

The wealth management firm will “vigorously defend itself” if claims are advanced

Swiss can give bank client data to India in tax dodge case - court

The information sparked investigations in several countries and put Swiss banking secrecy in a harsh spotlight.

Anaford on Private Client Global Elite List 2018

The Global Elite directory will be launched by Legal Week at a gala dinner to be held in London in October.

French request for UBS banking data stopped by Swiss court

"The judgment is a big success for UBS, and it took a lot of effort. In a first hearing, UBS struggled to be named a party in the case and to access the French files," Jacquemart said.

Trustee Survival Guide: Beneficiary Rights to Information - Navigating the Evolving Landscape

Personal data"’ means any data that relates to an individual who can be identified from that data

Common Reporting Standard: anti-avoidance measures

Compliance with the CRS is not a choice; it’s an obligation. And the penalties for non-compliance are severe.

Carey Olsen and Russell Clark on shortlists for IFC Awards 2019

Judged by an international panel of highly respected practitioners from all private wealth sectors covering all the jurisdictions, winners are those judged to have excelled in achievement, innovation, expertise and service.

Carey Olsen lawyers named as Private Client 'Ones to Watch'

Those selected to the 'Ones to Watch' list will be celebrated at a gala dinner in London on 4 October 2018.

PrivatBank’s court case ends in London, judge to deliver decision in October

The December ruling froze about $1.9 billion of the two men’s assets worldwide, plus interest that runs to $500,000 a day, according to PrivatBank’s lawyers.

How a small change in tax policy could mean a big tax cut for the rich

By adjusting capital gains to adjust for inflation, the White House could cut the tax bills for the nation's wealthiest investors by billions of dollars a year.

OCBC to equip 330 retail wealth advisers with private banking skills

"Such competencies are a dimension beyond the more product-centric approach towards financial planning that is adopted by many retail banking wealth advisers," the bank said in a media statement.

Justice Department Announces Addendum To Swiss Bank Program Category 2 Non-Prosecution Agreement With Bank Lombard Odier

Swiss banks eligible to enter the program were required to advise the Department by December 31, 2013, that they had reason to believe that they had committed tax-related criminal offenses in connection with undeclared U.S.-related accounts.

Former State Street executive avoids prison in U.S. fraud case

He was instead sentenced to one year of probation by U.S. District Judge Denise Casper in Boston

US expats hand back passports to avoid tough tax rules

American expats must also file an FBAR form to let the IRS know about any foreign bank accounts they have with a balance of more than $10,000.

At Wells Fargo Wealth, Goals Triggered Trouble

The Journal also reports that investigations by the Justice Department and SEC were triggered by a letter sent last September from four Wells Fargo financial advisors in Arizona

Legal,Regulation,Tax & Compliance