Managers of Wealth

Swiss Probe of Malaysia’s 1MDB Puts Falcon Bank in Spotlight

Small Zurich-based wealth manager landed in middle of controversy around Malaysian government fund

SEC: Grant Thornton Ignored Red Flags in Audits

They violated professional auditing standards by failing to take reasonable steps to determine that an agreement with the lessor

UK territories fail to open up about secretive companies

An agreement by all territories' leaders to keep central registers of company ownership comes more than a year after Prime Minister David Cameron encouraged them to create public registries.

Jersey funds, capital markets and private wealth strengths highlighted in Asia Roadshows

Senior finance professionals in Asia heard about Jersey’s strength in funds, capital markets and private wealth at a number of events hosted by Jersey Finance in the Far East earlier this month.

SEC Revives Failure To Supervise Case Against Billionaire Steven A. Cohen

The ongoing nature of the case indicates the SEC believes it can succeed in showing Cohen bred a culture that fostered and even rewarded insider trading.

Standard Bank to pay $25m to settle bribery case

This indictment, pursuant to DPA proceedings, was immediately suspended. This was also the first use of section 7 of the Bribery Act 2010 by any prosecutor.

Harneys acts for Virgin Group

Virgin is a leading international investment group and one of the world's most recognised and respected brands.

Sean Connery's Wife Could Face Prison In 'Operation Goldfinger' Tax Case

She could even go to prison for up to two and a half years. At age 86, that is a daunting prospect.

Pope Francis orders unprecedented audit of Vatican wealth

Galvanised by a scandal over Vatican finances Francis is pushing for more openness and transparency

FCA to probe AM sector over competition, costs and charges

The FCA is set to investigate how well fund houses control costs for the end client, as part of its market study into competition and consumer value in the asset management sector.

Bermuda wins Solvency II equivalence - Appleby

This is hugely significant for Bermuda and means that Bermuda commercial (re)insurers and insurance groups supervised in Bermuda will not be at all disadvantaged in operating in Europe (or indeed elsewhere on the globe) when Solvency II takes effect on 1

BTG Pactual replaces Esteves as chief

In a letter sent to clients on Friday, Arida said the bank was on solid footing and not part of any investigation.

Truthdigger of the Week: Offshore-Banking Whistleblower Hervé Falciani

After Falciani, then an IT expert at HSBC’s Swiss bank, hacked into the bank’s customer files in late 2007 he triggered a major scandal, exposing stunning corruption within an industry built in the shadows.

Elder law newsletter | November 2015 - Withers

In this issue, we review the Public Guardian's updated version of its guidance on LPA's and discretionary investment management, summarise latest cases from the Court of Protection (including those on foreign issues) and examine LPA's in re

The impact of regulation and technology on the asset management industry

Speaking about the effects of the FCA’s market study, which has been welcomed by many in the industry, McCarthy hopes that it may lead to more technology investments by asset managers.

International Law Firm Boosts Private Client Team

joins the firm as Head of Contentious Trusts from Wragge Lawrence Graham & Co

Improved, Easy Access to Swiss Wealth Managers – Americans Welcome

The Swiss platform WHERE AMERICANS ARE WELCOME (WAAW) has added new features for improved, easy access to Swiss wealth managers dedicated to serving American clients.

Swiss banks face uncertainty on ECB move

Earlier this year, housebuyers in Switzerland thought they had hit the jackpot.

Clamping down on tax evaders

The new campaign is part of a drive to claw back an estimated offshore “tax gap” of £565m to the public purse

Leading Law Firms Merge to Create Top-Five Private Client Team

It combines complementary expertise of two leading law firms to create a market-leading client-focused business

Legal,Regulation,Tax & Compliance