Managers of Wealth

The changing role of the compliance officer

A compliance officers’ role in any organisation depends largely on the complexity of its business and multi-jurisdictional influences

The heavenly haven: Alderney has low tax and no crime - and you don't have to be a millionaire to live there

In Jersey, anyone but essential workers needs £625,000 salary to move in

C Suisse - No evidence of ex-banker mis-using position

The banker and his two brothers also cut similar plea deals, helping shed light on how their father funneled payments to ruling coalition parties and senior politicians.

Leonardo DiCaprio ordered to testify in $15m Wolf of Wall Street lawsuit

A judge has already rejected claims of defamation, but has allowed Greene to amend his initial objection to malicious libel.

Brazil Attorney General: Tourism minister 'had Swiss bank account'

He became the third cabinet minister to stand down since interim President Michel Temer came to power last month.

Ivanishvili Says Money Managers Cost Him $500 Million

These policies can then be placed in asset management companies, with no taxes charged on profits.

Software Executive and Three Friends Charged With Insider Trading

The SEC alleges that Christopher Salis, then a global vice president at SAP America, received thousands of dollars in kickbacks for tipping Douglas Miller in advance of SAP’s impending acquisition of Concur Technologies.

Private Fund Administrator Charged With Gatekeeper Failures

SEC investigations found that Apex Fund Services Inc. missed or ignored clear indications of fraud while contracted to keep records and prepare financial statements and investor account statements for funds managed by ClearPath Wealth Management and Equit

Hedge Fund Managers and Former Government Official Charged in $32 Million Insider Trading Scheme

Johnston allegedly funneled to Valvani the details of his conversations with FDA personnel, including a close friend he mentored during his time at the agency.

Watchdogs exempt sovereign wealth and pension funds from study

The FSB will leave open the option of returning to scrutinise SWFs and pension funds, however, those people cautioned, adding that the decision is not a statement on how risky those types of funds might be.

Swiss National Council Approves Corporate Tax Reform

CTR Law III would abolish corporate tax arrangements that are no longer in keeping with international standards.

Asia's heightened illicit-money scrutiny to hit small wealth managers

Swiss private bank BSI's unit was ordered shut last month by Singapore's central bank for money laundering breaches

Panama Law Firm’s Complaint Spurs Geneva Criminal Probe

The arrested technician was alleged to have leaked confidential data and violated lawyer secrecy rules, the newspaper Le Temps reported, citing the law firm’s lawyer.

SFC reprimands and fines State Street Global Advisors Asia Limited $4 million over management of Tracker Fund

The SFC also found that SSGA’s internal procedures on the management of the Fund’s cash balances were inadequate.

SFC reprimands and fines Schroder Investment Management Limited $1.8 million for disclosure failures

Although legal advice obtained by Schroder advised that an “interest” in shares was broadly defined and was not confined to the exercise of a voting right, Schroder failed to properly follow the advice.

Credit Suisse, UBS Need More Action on Capital Rules, SNB Says

UBS and Credit Suisse have until the end of 2019 to issue bonds and build up capital to comply with the rules, designed to protect the economy from the collapse of one of its two banks.

Swiss detain worker for firm tied to leak of Panama Papers

Mossack Fonseca is at the center of the so-called Panama Papers leak, in which an unknown person gave a German newspaper a trove of legal records detailing the owners and clients of thousands of offshore entities.

Heads up, RIAs: Fiduciary rule will change your practice, too

Morningstar research estimates that $3 trillion in full-service wealth management assets will be affected.

Switzerland getting closer to major overhaul of business tax

The tax rate will average 16 percent for all companies when the new regime is phased in during the next few years.

Africa tax in brief by Celia Becker, ENS Africa

Latest tax news from Africa

Legal,Regulation,Tax & Compliance