Managers of Wealth

Real Madrid superstar Cristiano Ronaldo ‘wants club to pay £26.45m fine to tax office’ amid contract negotiations

Five-time Ballon d'Or-winner has reached a deal with tax authorities — but amount will be relevant to new salary in renewal

Swiss seek quick talks with Malaysia on 1MDB investigation

Newly elected Malaysian Prime Minister Mahathir Mohamad, who was sworn in on Thursday, has vowed to investigate the 1MDB scandal and take action against those who may have abetted or benefited from corruption

Art consultant with LI ties pleads guilty to lying on tax return

The government says Lacy Doyle, who lives in Manhattan and owns a house in Sag Harbor, hid a nearly $4 million inheritance from her father.

Ex-NBA star is suing his financial advisor

The suit claims Marquez began overseeing his account and, on several occasions, began investing Brown’s money into various projects and trading stocks without his permission.

Barclays boss Staley fined for trying to expose whistleblower

Barclays is also now subject to special requirements by which it must report annually to the regulators detailing how it handles whistleblowing

International Tax Issues to watch

To manage their transfer pricing exposure, multinationals should review their existing transfer pricing policy on a global basis.

Luxembourg: Tax authorities to examine transactions with jurisdictions on EU list of noncooperative countries

The reporting requirement will apply for the first time in the tax returns to be filed in 2019 covering fiscal year 2018.

IMDDA releases survey on sexual harassment in investment management

In response to the rise of the #MeToo movement, the IMDDA commissioned the anonymous survey with institutional investors in the winter of 2018.

Law firm Quinn Emanuel files class action against Australian wealth manager AMP

AMP had no immediate comment.

At Vatican bank trial, court hears of Swiss funds, missing documents

The other, Gabriele Liuzzo, 95, who once worked as an outside legal consultant for the bank, could not attend the trial, which is being held inside the Vatican under its own legal system, because of poor health, his lawyers said.

MiFID II affects client servicing for private banks

In a MiFID II world, clients have to sign up for an advisory or discretionary mandate when willing to talk to relationship managers.

Zedra acquires Malta-based fiduciary firm

Quaestum is an independent fiduciary services firm employing a select team of industry professionals with a vast experience in different areas of consultancy and financial services.

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.

Legal,Regulation,Tax & Compliance