Managers of Wealth

UBS Probed in Belgium Over Money Laundering, Organized Crime

UBS Belgium, the bank’s local arm, helped to organize the transfer of large amounts of money to Switzerland

The Lawyer Awards 2014 Shortlist: Private Wealth Team of the Year

In our first in-depth look at our awards shortlisters, the private wealth contenders show how they have shined in the face of globalisation and tougher legislation

HMRC guidance on Social Investment Tax Relief by Chris Priestley, Withers

The government is aiming to support social investment by providing valuable tax reliefs to individual investors (SITR).

Changes to Tier 1 (Investor) visas for the UK – what you need to know by Philip Barth, Withers

The Investor visa has been in existence for about 20 years. It allows a person who can show liquid wealth of at least £1m to apply for the right for themselves, and their dependant family members, to live in the UK.

English courts are getting tough on individuals who claim to have no control over trust assets by Dawn Goodman, Withers

In several recent cases concerning Russian and CIS nationals, people have been held in contempt of court for failing to disclose information about their assets. In this article we look at two recent cases where the English Court’s remit stretched fa

Switzerland Tells UK Of Bank Deposit Movements

This was required under an agreement between the UK and Switzerland, which sought a middle ground on respecting Switzerland's banking privacy laws.

Remarkable international progress in fight against tax evasion and corporate avoidance

There has been remarkable progress in the fight against tax evasion and corporate avoidance in the past eighteen months.

Barclays overhauls legal team to create global litigation and financial crime group

The bank’s new global financial crime group will now take on all financial crime work, which will be split off from the rest of the litigation function as well as bribery and corruption and money-laundering matters.

Deutsche Bank, Former Executives Sue Each Other Over Move

The hirings violated a non-solicitation agreement and previous settlement over HPM’s recruitment

Deutsche Bank, Former Executives Sue Each Other Over Move

The unlawful actions by HPM and the employee defendants could best be described as an economic coup d’etat, which seeks to obtain DB’s critical client base as its spoils.

WMA advises EU against 'blunderbuss' regulation

Retail and wholesale financial markets differ and require a different regulatory approach

Guernsey set to join OECD’s top club in fight against tax evasion

The OECD and the Council of Europe's Multilateral Convention on Mutual Administrative Assistance in Tax Matters will be effective in Guernsey from the start of August.

54% Of Offshore Profits Held In 12 Tax Havens, Study Says

A majority of American corporations’ offshore profits are held in 12 tax havens, according to a study published Tuesday.

Foreign Account Tax Compliance Act (FATCA) Enforcement Delayed

This period is being called a “transition period” as it will ease the anxiety that the law has caused to the foreign institutions and take the pressure off

Ex-UBS banker avoids prison time in U.S. tax fraud case

He also required Lack to pay a fine of $7,500

Bank of New York Mellon to Log $100 Million After-Tax Charge in the Current Quarter

Charge Due to Administrative Errors Regarding Certain Funds the Bank Manages

Acquisition of Property By Foreigners in Brazil

The first step for a foreigner buy property in Brazil is to obtain the social security number on any unit of the IRS

Pressure mounts on Austria to step into line on tax evasion

Parts of the law are at the constitutional level,” meaning a two-thirds majority is needed in parliament to enact changes, he says.

Jailing bankers will not fix bad behaviour, says Mark Carney

Mark Carney, Governor of the Bank of England, says fundamental flaws in the industry can only be resolved by changing how markets operate

Senior executive at Macquarie Group used fake email to get secrets

The email's details show it originated from the computer of a junior marketing employee at Macquarie Funds in London

Legal,Regulation,Tax & Compliance