Managers of Wealth

Information in the Swedish media regarding a supervisory matter within Handelsbanken's UK branch

The purpose of this is to ensure that the Bank can make the improvements expected by the Authority in the best possible manner.

Crown Court dismisses Barclays Qatar charges

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014

ASIC will ‘accelerate and expand’ wealth crack-down

Shipton said this could include making greater use of external expertise in investigations and enforcement actions.

Switzerland: Living and working in Switzerland 2018: A guide for foreign nationals relocating to Switzerland

Exemptions are applicable for intra company transfers of highly specialised employees or for positions in managerial roles.

Guernsey reaffirms constitutional position and transparency record following beneficial ownership debate

These amendments sought to impose the UK’s domestic policy on the islands – an approach that is incompatible with the long-standing constitutional relationship.

OECD releases decisions on 11 preferential regimes of BEPS Inclusive Framework Members

Four regimes were abolished or amended to remove harmful features (Chile, Malaysia, Turkey and Uruguay).

JFSC issues cyber attacks warning

If you believe your firm has been compromised, you must contact your JFSC supervision team immediately and report this to the States of Jersey Police.

Award Winners — Lawyers & Law Firms

Firm of the Year 2018: Hogan Lovells

Plans to extend offshore tax investigations come under fire

Increase in time limits for assessments is alarming, say accountants

KOREA: Illegally inherited wealth

Tax authorities should conduct fair, just investigations

Swiss make raids in probe linked to Angola sovereign wealth fund

Angola’s $5 billion sovereign wealth fund has been embroiled in a dispute with its former boss, the ex-president’s son Jose Filomeno dos Santos, and the Swiss-based asset manager contracted to invest money for the fund, Quantum Global.

Worrying rise in criminal and civil penalties aimed at advisers

Giving “anything but ‘vanilla’ tax planning is becoming dangerous for advisers”, as they face a rise in civil and criminal penalties aimed preventing tax evasion, James Quarmby, private client partner at Stephenson Harwood has warn

Six steps to fend off ‘failure to prevent’ tax evasion charges

A law firm outlines how financial advice firms can protect themselves from the criminal offence of failing to prevent tax evasion.

GDPR will see businesses fulfil ethical expectations, Carey Olsen conference told

The primary focus of GDPR is to protect the personal data of citizens of the European Union wherever it is held, processed or transferred.

ASIC vows to use 'every inch' of its powers to ramp up bank scrutiny

Mr Shipton said ASIC would use “every inch of [its] powers" to lift standards, but also slammed the behaviour of some businesses for not co-operating with the watchdog, or obstructing its work.

Essential Services For Private Client Lawyers Working With The Super-Rich And Family Offices

While most legal services are becoming increasingly commoditized, there are many times significant differences in the quality of the work done by different private client lawyers.

Requirement to correct rules not just for the super-rich

“The new rules are certainly not just the concern of the super-rich or corporates,” said Hender

HMRC appeals Hargreaves 'discount tax' ruling

Fate of millions of pounds set to be returned to investors will hinge on verdict, as taxman appeals ruling in favour of Hargreaves Lansdown.

Trump Tax Overhaul Doubles Estate-Tax Exemption for Super-Rich

Dynasty trusts let the richest Americans protect and preserve wealth for generations, while minimizing tax bills.

Tax agency cracks down on illegal wealth transfers

Last year, the tax agency collected 2.81 trillion won (US$2.6 billion) in additional taxes from such illegal wealth transfer.

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