Managers of Wealth

Swiss share tax data with 41 nations

That means that each country must itself identify the advance tax rulings and the applicable recipient states, and transmit the information.

Switzerland’s ‘Vollgeld’ banking overhaul: how reform would work

The Swiss are set to vote on a plan critics say amounts to state economic planning

Will Lawyers Become Extinct in the Age of Automation?

The most enduring relationships in the legal profession are the ones where the client feels and believes the lawyer has their back.

China to tighten rules on banks' wealth management business - sources

China is in the third year of an ambitious campaign to reduce risks in its financial system stemming from a rapid build-up in debt, which the Bank for International Settlements has warned could lead to a banking crisis.

Crowe Horwath International announces global rebrand of all member firms

Crowe will thrive in a rapidly changing world through our clear strategic vision, new common brand and the commitment of our members.

Appleby, Guardian News and Media Limited and the BBC settle Paradise Papers dispute

This will allow Appleby to initiate meaningful discussions with its clients, colleagues and regulators.

Beware these Key Indicators of a Fraudulent ICO

Due to the lack of regulation of ICOs by financial authorities and governments around the world, investors should be wary of ICOs that purport to be legitimate but are ultimately a fraud.

Algo Traders Warn U.K. Over MiFID II Rules

The groups also want the BOE to make sure it’s not exceeding requirements under the revised Markets in Financial Instruments Directive for executives to sign off on the use of algorithms.

Understanding and preparing for GDPR

GDPR is based on the concept of data protection “by design”, meaning that data privacy, risk and compliance needs to be built into the systems, processes and procedures across an organization. There’s a fair amount to unpack with this ne

Estate agency sets up divorce division aimed at wealthy splitters

It also advises clients on what it costs to run a home in a particular area so they can use the information as part of a claim against their spouse, and finds short-term accommodation for those going through the divorce process.

Actress Monica Bellucci suspected of having secret Swiss accounts

A Swiss fiscal investigation found a safe and several accounts in a Swiss bank, of which a part was said to be linked to a shell company in the British Virgin Islands, the Tages-Anzeiger reportedexternal link.

PA360: MiFID II nudges wealth managers into financial planning

Under the second iteration of the Markets in Financial Instruments Directive (MiFID II), the manager has to set client objectives and subsequently build a portfolio, proving they had met them, she explained.

Australian Government targets tax evaders

She said while the ATO found the majority of Australians complied with their tax obligations

Transparency in the territories – public ownership registers in Cayman, Bermuda and the BVI

The amendment's long-term benefits are likely to centre on image and influence.

Former Credit Suisse banker gets 4-year ban for dishonest conduct: MAS

Finance professionals who engage in dishonest conduct to frustrate the detection of such suspicious transactions must be dealt with firmly.

Deutsche Bank extends Frieze partnership to Los Angeles, strengthening commitment to arts in the US

Deutsche Bank Wealth Management to be Global Lead Partner of the new Frieze Los Angeles in 2019 / Global Lead Partner of this week’s Frieze New York for seventh year

Tax Office targets $900m linked to 106 secret Credit Suisse accounts

A separate criminal investigation has been referred to the cross-agency Serious Financial Crime Taskforce.

Former RBC FX trader suing bank for £13 million

He claims this is because he blew the whistle on a number of failings at the bank – which put senior managers’ noses out of joint – and is now suing the bank for £13 million.

Al Baraka Banking Group and the Bank of London & The Middle East (BLME) sign a Memorandum of Understanding

Opportunities to collaborate and gives BLME the chance to provide Al Baraka clients with investment opportunities in UK real estate.

Cayman Islands considers legal action to stop public scrutiny by UK

Premier Alden McLaughlin says decision is reminiscent of bygone era of colonial despotism

Legal,Regulation,Tax & Compliance