Managers of Wealth

Former UBS Rep Faces 60 Years in Prison for Stealing Millions

German Nino pleaded guilty to wire fraud in Florida federal court for stealing more than $5 million from clients and spending it on 'romantic partners,' according to the DOJ.

Finma sends supervisor to crypto foundation

As a precautionary measure, the authority uses a lawyer from the Vischer law firm as an investigator at the plant.

Former top Swiss banker convicted for fraud

A second defendant, Beat Stocker, the former CEO of an IT service management company, was given a four-year prison sentence and a fine.

Singapore Family Offices Set to Face Tighter Tax Incentive Rules

In addition, such family offices must have a minimum of two investment professionals with a 1-year grace period for hiring the second professional and minimum local business spending of S$200,000, subject to tiered criteria based on the assets under manag

HAYVN receives approval from the Swiss Financial Market Supervisory Authority, FINMA

HAYVN will now be offering clients Asset Management, Trading and Custody services from its Swiss entity

Jersey freezes $7bn of Roman Abramovich's assets

The Royal Court also imposed a formal freezing order on 12 April

Credit Suisse Seeks Legal Eagle

The new head of the U.S. legal unit may have some convincing to do in this regard.

Ex-Raiffeisen head sentenced to over three years in jail in corruption case

He told the court that a nearly CHF 200,000 expenses bill for visits to strip clubs was primarily business related.

Vincenz case: Raiffeisen has to fight for the millions it is suing for

Like Vincenz and three other suspects sanctioned in Zurich, the path to appeal is open to him.

Investigators are putting the case against Ralph Hamers on the back burner

There are currently other high-profile investigations against three former managers of the major domestic bank ABN Amro.

Tax Talk- Main Residence Tax Relief

This relief is so common that many people would not even consider the tax consequences of selling their home.

Millionaires Fleeing South From New York Tax Smack

Despite constant bashing from class-warfare-obsessed progressives, those much-maligned millionaires and billionaires generate most of the city’s and state’s tax revenues.

Sports and Crypto: $A Sign of things to come?

The ASA’s ruling, however, may be indicative of the anticipated sea-change by way of increased regulatory scrutiny of cryptoassets.

Greece: Revisions to tax rules related to joint bank accounts and family offices

Prior to the law’s enactment, the exclusive purpose adopted by family offices was limited to the administration and management of the family’s assets and investments.

Handelsbanken research finds charities missing out on tax relief worth £940 million

The research finds that 60% of charity supporters are not claiming tax relief on personal donations, and follows the release of Charity Commission data finding 60% of organisations have suffered a drop in income during the pandemic.

Europe rethinking its rules on government debt to meet new global challenges

During the pandemic, they were put on hold temporarily so that governments could spend more, but they are due to return in 2023.

Stephenson Harwood wins two awards at WealthBriefingAsia Greater China Awards 2022

The firm received these awards in recognition of its performance and innovative approaches over the past year.

Allfunds enters an agreement to acquire Web Financial Group

This technology will complement Allfunds’ already strong digital offering including data & analytics which continue to bring efficiencies to the fund distribution ecosystem.

Ex-Bank of America Bankers Are Among 6 Banned by Fed Over COVID Loan Fraud

Autumn Jordan and Manuel F. Pinazo, who previously worked at Merrill Lynch Wealth Management, were among those who applied for assistance under one of the government’s COVID-19 relief programs "based on false and fraudulent representations and

IMF welcomes Switzerland's forward-looking policy, given global risks

The regular evaluation of the economic and financial situation of its member states, the so-called Article IV Consultation, is a core element of the IMF's surveillance activity.

Legal,Regulation,Tax & Compliance