Managers of Wealth

Vistra Expands Footprint in Germany

With the acquisition we hope to bridge the gap currently seen in terms of available service providers in the International Expansion market.

FCA study prompts OMGI to overhaul 'Cirilium' fees

The change illustrates the pressure on asset managers to become more open around fees.

Panama Papers around the world: What we know a year later

In the immediate aftermath, Iceland's prime minister was forced to resign after the leak showed his family sheltered assets offshore.

Bankrupt O’Reilly sells off Bahamas haven for €12m

The house sold in recent weeks for $12.5m on the instructions of his bankruptcy trustee.

Panama Papers boost tax battle, but no silver bullet

The leaking of the more than 11 million documents belonging to Panamanian law firm Mossack Fonseca kickstarted fresh government action against the secretive world of tax fraud and evasion

Linklaters signs up with Obelisk to access flexible lawyer pool

Obelisk’s offer makes sense for our lawyers and our clients alike

Dutch prosecutors seize gold bars, hunt for suspects in tax investigation

The Dutch government has passed information to the other countries

Tax man to be quizzed about F1 deal

The Public Accounts Committee recently raced into the spotlight in sport when it investigated footballers avoiding tax on income from image rights.

Swiss National Bank: «Yes, We're Big, But We're Not That Big»

Maechler conceded that Switzerland's currency-buying, which has resulted in reserves now outstripping the country's gross domestic product, is huge, but downplayed its influence.

Australia identifies over 340 names with secret Swiss accounts

The message from these investigations makes it clear that governments worldwide are shining a light on offshore tax evasion, and it's only a matter of time before you're in the spotlight.

Specialists to thrive as clients seek compliance

In short, legal, tax-compliant structures are the only way forward.

Merrill Lynch launches case against ex-Miami team members

The two flagged their intention to leave with client details and envoke the protocol when resigning from Merrill.

CS Offices Visited by Authorities

Then, the bank's Milan offices were searched by the tax police, reportedly over whether a Bermuda subsidiary of the bank helped wealthy Italians hide undeclared funds.

We lose £11.4bn a year in tax evasion – won’t we need that post-Brexit? - George Bull

We’ve been studying HMRC’s tax gap figures spanning six years. The results are startling. While tax avoidance is at its lowest level ever, tax evasion and the hidden economy seem to be increasing inexorably, costing the UK £11.4bn a year

Testing the Protocol, Merrill Sues Team Members Who Left with Client Data

Since Doria was a private wealth relationship manager and Casuscelli a financial analyst, neither was protected under terms of the protocol that applies to brokers only

Former UBS AG Hong Kong banker charged by ICAC in HK$1.5 million bribery case

The defendant was working in the bank’s global wealth management and business banking team.

Cayman Top Offshore Jurisdiction For Dealmaking in 2016

With the volume and value of deals down from 2015, the report found 2016 marked a return to business as usual as transactions reset to levels familiar before the 2015 outlier.

Chinese banks race to stay liquid, funded ahead of PBOC risk inspection

Wealth management products (WMPs), often linked to shadow banking, have seen explosive growth in the last few years even as authorities try to contain risks from a rapid build-up in debt.

Rich people love tax havens—and under Trump, the problem will only get worse

The allegations shed that much more light on the murky world of offshore financing.

DLA Piper announces cooperation agreement with Peruvian firm

This is in addition to the firm's cooperation agreement with Campos Mello in Brazil.

Legal,Regulation,Tax & Compliance