Managers of Wealth

Making Wealth Managers ready as time for MiFID II deadline approaches By: Rodney Taylor, Profile Software

A new area for Wealth Managers will be passing exception reports

Ex-Schroders Trader Clarke Must Pay $456,000 for Insider Trading

The 41-year-old is one of a number of individuals to be prosecuted by the U.K. Financial Conduct Authority over insider dealing

Withers’ global expansion breeds revenue growth as PEP leaps 25%

In 2016, the firm opened a new tax practice in Dubai with the hire of EY's Middle East and North Africa private client head Stijn Janssen.

Britain's biggest wealth manager St James's Place accused of not being clear on costs and restricted advice by Which? investigation

Which? deemed that four out of 10 advisers sampled did not adequately explore the likely cost of investment in general.

Update on the changes to the taxation of non-UK domiciliaries - SMP Partners

The announcement confirms that the draft 2017 Finance Bill "will be introduced as soon as possible after the summer recess".

Madoff Scandal Lost Industry $363 Billion

But financial planners were hurt the least.

Australia's multibillion-dollar legal tax avoidance loophole

The use of trusts to minimise tax is heavily skewed towards the wealthy.

JPMorgan whistleblowers reap record $61 million

JPMorgan agreed to pay $307 million, with $267 million going to the SEC and $40 million to the Commodity Futures Trading Commission.

FINRA Claim Filed Against UBS Financial Services

The suit is being arbitrated through Finra case number 17-01863 and UBS has yet to file a response.

Ex-Credit Suisse Banker Pleads Guilty in U.S. Offshore Tax Case

Credit Suisse pleaded guilty in May 2014 for conspiring to aid and assist taxpayers in filing false returns, and was sentenced in November 2014 to pay more than $2 billion in fines and restitution.

Italian tax police ask Switzerland for details on 10,000 banking clients

Credit Suisse considers the investigation by the Italian authorities into Credit Suisse's cross-border business as closed.

Tax Briefing – Inheritance tax treatment of UK residential property update

The new rules extend the scope of IHT to interests in foreign entities which hold UK residential property, either directly or indirectly.

Herbert Smith Freehills - Financial regulation update

ESAs consultations on ITS on mapping of ECAIs' credit assessments under CRR and Solvency II

Tax Briefing – non-dom tax changes update

Those who may be affected by these rules should take advice immediately as their tax position may change significantly and they will not benefit from some of the reliefs available for those becoming deemed domiciled under the long-term non-dom rules.

Guernsey Offshore Tax Bulletin - Deloitte

As part of its long term Digital Strategy and in line with the UK Government’s obligations under the Fourth Money Laundering Directive (4MLD), HM Revenue and Customs (HMRC) is introducing a new Trust Register

Boris Becker Loses £100m Fortune Investing in Nigerian Oil Firms

He is not a sophisticated individual when it comes to finances.

Appleby Lawyer Shortlisted as 'Future Leader'

The winners are announced at an awards evening which takes place on 1 November in London.

Feds want to seize Nigerian playboy’s yacht, penthouse

But the feds will have to get in line.

Wealth managers brought into FCA platform market study

To provide investors access to retail investment products and information about these products, platforms interact with other platforms, advisers, asset managers and fund ratings providers.

Singapore company linked to N. Korea luxury goods trade investigation

NK Pro report links OCN (S) Pte Ltd with secret high-end stores in Pyongyang

Legal,Regulation,Tax & Compliance