Managers of Wealth

Deutsche Bank fined $8.4m by Dubai regulator

Those contraventions include misleading the DFSA, failures in DBDIFC's internal governance and systems and controls and in its client take-on and anti-money laundering processes.

The End of Swiss Tax Privileges for Holdings, Finance Branches, Principal and Mixed Companies

This newsletter describes the internationally accepted yet competitive implementation of the agreement with the European Union regarding the end of the above mentioned Swiss tax privileges.

Hollande heads to Switzerland to mend ties after tax squabbles

French presidents rarely pay a call to their Swiss counterparts

UK regulator hits BNY Mellon with record fine

The Custody Rules are there to protect safe custody assets if a firm becomes insolvent and to ensure those assets can be returned to clients as quickly and easily as possible. Each regulated firm is required to ensure they have adequate systems, controls

Italy Removes Offshore Jurisdictions from Tax Blacklist

Italy Removes Offshore Jurisdictions from Tax Blacklist 21 countries that are now considered to have an adequate level of tax information exchange with Italy have been removed from the Italian tax blacklist.

Vatican to share information

Vatican City signed an information sharing agreement with Italy earlier this month

P Profit and Protection: Techniques for Future Success - Withers

One of the most common hurdles to creating a tax efficient offshore IP structure is the effective transfer of the IP from the United States abroad

Insolvency Petitions Down Across Most Offshore Jurisdictions in 2014 - Appleby

Investors Turn Away from Petitions and Toward New Opportunities, Appleby Reports

Asset managers under threat as regulation mounts

The institution’s paper on the asset management industry and financial stability covered various issues it believed needed to be raised and potentially regulated against.

Swiss Banks Preach Transparency in U.S. Tax Evasion Endgame

Customers are being asked to prove they have paid any taxes due, according to a dozen lawyers for banks or their customers.

Finding the IBOR That Fits Your Institution’s Needs

In searching for an Investment Book of Record (IBOR), financial institutions (FIs) need a solution built to address the need to record, process and distribute investment data in the different views required by stakeholders.

Fiduciary foes are spitting into the wind

New regulations aside, megatrends will demand that advisers align themselves with clients

Billionaires Bacon, Nygård Trade Nasty Allegations In Bahamas Spat

The battle of the billionaires over a spit of land in the exclusive Bahamas enclave of Lyford Cay heated up again as hedge-fund manager Louis Bacon traded accusations with Canadian clothing magnate Peter Nygård over who is the most obnoxious neighbo

Swiss Banking Whistleblowers to Appear at Offshore Banking Conference

The Wall Street Journal reports that Swiss bank whistleblowers Bradley Birkenfeld and Hervé Falciani are schedule to take part in a panel discussion at the OffshoreAlert Conference in Miami Beach May 3-5.

10 Notorious Tax Cheats

In 2002, after UBS signed up for a program that required it to share more information on U.S. depositors with U.S. authorities, he went to Europe again to move his funds to a Swiss bank with fewer U.S. ties, this time holding it in the name of a Liechten

High-flying banker nicknamed 'Crazy Miss Cokehead' by bullying male colleagues is awarded £3.2million compensation for harassment

A high-flying banker nicknamed 'Crazy Miss Cokehead' and 'Miss Bonkers' by bullying male colleagues has been awarded £3.2 million for sexual harassment

Legal,Regulation,Tax & Compliance