Managers of Wealth

Twelve Chinese hedge fund houses unreachable by phone, text, email - fund association

China's hedge fund industry has grown rapidly over the past several year

UK Tax Disclosure Facilities - Time is running out - Deloitte

The Crown Dependency and Liechtenstein Disclosure Facilities finish on 31 December 2015, so after that date it will no longer be possible to register for the favourable treatment afforded by these facilities.

HMRC to launch consultation on extending PSC register

Update - HMRC has announced that it will launch a consultation on extending the PSC register to include information on controlling persons in non-UK companies investing in high value UK property. The level of detail to be held is unclear at present.

LPAs, high net worth individuals by Withers

In the recent case of XZ [2015] EWCOP 35 Senior Judge Lush of the Court of Protection criticised the Public Guardian for refusing to register an LPA for property and financial affairs of an international high net worth individual.

The New 4th AML Directive by Eduard Koster, King & Wood Mallesons

As within other areas of the regulation, the European Union wants to further strengthen the fight against money laundering and terrorist financing (AML/TF), to ensure the soundness, integrity and stability of credit and financial institutions, and to ensu

2015- The end of tax neutral jurisdictions

The EU Parliament’s resolution also called for information on beneficial ownership of companies

Malta and Caraçao agree tax treaty

The governments of Malta and the Caribbean island of Caraçao have signed a treaty, which both sides say will prevent tax evasion and the double taxation of companies operating in both jurisdictions.

What is your Government’s attitude to immigration by Entrepreneurs and high net worth individuals? - Withers

Is there a difference in attitude between active and passive investment?

Ex-England football managers caught in film scheme carnage

The products were sold by advisory firm Kingsbridge Asset Management, which built its business through managing the financial affairs of stars from the football world.

Britain is being used to wash billions in dirty money — and banks are blocking moves that could crack down on it

Money laundering is the process of disguising the origins of money obtained from crime and corruption by hiding it within legitimate economic activities.

Swiss Bank Data Thief: ‘I’d Do It Again’

Switzerland has proposed easing bank-secrecy laws, allowing for more cooperation with foreign tax agencies—even where stolen information is involved

Rich investors value protecting wealth over high returns

It's often assumed that financial planning for high-net-worth individuals is all about sophisticated investments and complex strategies that are either too expensive or otherwise off-limits to the general public.

Swiss banks to pay $81 mln, avoid U.S. charges on aiding tax evasion

These banks will collectively pay penalties totaling more than $81 million and continue to cooperate with the department.

Offshore trusts with UK beneficiaries will be captured under 4AMLD - Appleby

The arm of the UK Government is likely to extend into offshore trusts where they contain UK tax paying beneficiaries. Whether or not this information will be linked at an EU level remains to be seen

Barclays to Pay $150 Million More to Regulator in Forex Probe

Additional Fine Brings Overall Barclays Foreign Exchange NYDFS Penalty to $635 Million

Swiss banks to pay $81 mln, avoid U.S. charges on aiding tax evasion

Under the program, banks also must provide detailed information on the accounts of U.S. taxpayers under investigation.

Private Funds 2016: Analysis

Astleford has more than 25 years’ experience in advising fund managers, banks, brokers and corporates and is co-chair of the firm’s global financial services group and head of the group in Europe.

FCA launches asset management competition study

The Financial Conduct Authority (FCA) has set out the areas it will focus on in its market study into competition in the asset management industry.

The World’s Largest Law Firm Will Have 7,300+ Lawyers

Expected to launch in 2016

U.S. close to finalizing rules on banker bonus pay: OCC

The rules are expected, among other things, to dictate when banks can take prior years' bonuses back from bankers, for example if the employee engaged in fraud.

Legal,Regulation,Tax & Compliance