Managers of Wealth

Charles Stanley broker jailed over £1.2m Ponzi scheme

I accept you are now full of remorse for the victims and your family.

US and Israel falls hard on tax evaders

Israel Tax Authority said that it will analyze the data and sort it too

Regulatory Update for Cayman Islands Mutual Funds

On 16 December 2016 the Cayman Islands Government enacted The Mutual Funds (Annual Returns) (Amendment) Regulations, 2016 (the “Amendments”).

KPMG tops Thomson Reuters and Bloomberg Global Mid-Market M&A League Tables in 2016

M&A remains crucial for companies seeking to capture new opportunities and extract value in a market that is rapidly changing.

The world's former 'No.1 tax haven' - joins fight against multinationals

The OECD says Bermuda is among a handful of new nations that have finally joined the crackdown on multinationals known as Base Erosion and Profit Shifting.

Not just a ‘Panama problem’: banks and Big Four are tax avoiders’ middlemen

Europe has some “backyard cleaning up to do” as the second region with the highest number of intermediaries having assisted international tax dodgers revealed in the Panama Papers

SEC Announces $7 Million Whistleblower Award

No money has been taken or withheld from harmed investors to pay whistleblower awards.

2017 to be year of independent broker-dealer mergers

A looming fiduciary rule, combined with regulations limiting product sales, have experts predicting more consolidation is inevitable.

Tax agencies draw up target list of offshore enablers

Large numbers of taxpayers had also come forward voluntarily to come clean on their offshore assets.

Deutsche Bank Sued in U.S. by Jewish Trust Over $3 Billion

All proceedings initiated against Deutsche Bank in this matter have been decided in favor of Deutsche Bank.

OECD seeks debate on beneficial ownership

It was organised with a focus on Panama Papers leaks that placed loopholes in the international tax regime squarely at the top of public agenda.

Jho Low Wins Fight to Boot Rothschild

The mysterious financier wants to fight a U.S. asset grab of high-end real estate and other luxury purchases.

Wealth Manager Sanctioned For Breaking SIPP Promise

The FCA says the advice firm failed to declare all the transfer to SIPPs and recommended five other customers to transfer to two other AIPP providers in the same period.

State Street to pay $64m in criminal, civil penalties in trading case

The department will hold responsible those who engage in this type of criminal conduct.

Offshore law firm banks on private wealth for growth in Asia

It is in Asia where the firm sees a lot of the buzz being generated particularly in the private wealth space.

UK and Hong Kong regulators enter into co-operation agreement to foster collaboration and promote innovation

This is the fifth such co-operation agreement that the FCA has entered into (with previous agreements being concluded with regulators in Australia, China, Singapore and South Korea) and the first such co-operation agreement that the HKMA has entered into,

Legal,Regulation,Tax & Compliance