Managers of Wealth

Critics round on Credit Suisse for suing UK over bonus tax

Shadow chancellor John McDonnell calls Swiss bank ‘outrageous’ as it kicks off £239m lawsuit

Money laundering and terrorist financing controls in overseas jurisdictions – advisory notice

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs 2017) require the UK regulated sector to apply enhanced customer due diligence to high-risk countries.

Scandal circles Swiss prosecutor at heart of Fifa case

Michael Lauber’s frequent meetings with subject of investigations spark controversy

FATF 'will not allow cryptocurrency to replace secret numbered accounts'

Finance ministers and Central Bank Governors at the G20 meeting in Japan welcomed the FATF's guidance, which they had themselves demanded last year.

Seven Countries Where Cryptocurrency Investments Are Not Taxed

Gaining tax residency in one jurisdiction often means you are not subjected to taxes in another residency, except for countries like the United States where you are taxed by citizenship and your worldwide income is liable.

Financial industry welcomes public registers move by Guernsey but Westminster wants more

The transition should not bring any disruption to the financial sector operating in the jurisdiction.

Ex-Morgan Stanley Banker Wins $1.6 Million Bonus in Lawsuit

He now heads investment banking in France for Bank of America

Mena emerges a key growth market for HSBC Private Banking

Bank targets double digit growth in client assets and revenues from the region

Billions are being lost due to tax avoidance

By leaving out large and important areas of tax avoidance, the government is able to claim the UK has one of the lowest tax gaps in the world. The claim is laughable

It's unanimous: SCOTUS decision on historic tax jurisdiction case announced

While this decision is momentous, this will remain a hot topic.

Lloyds freezes 8,000 offshore Jersey accounts in dirty money push

UK lender spent three years asking clients for personal information under new rules

Finma adds four firms to warning list

The list includes companies that might be carrying out unauthorised or unsupervised wealth management or banking services.

How to Comply With Economic Substance Laws in the BVI and Cayman

This webinar provides background on economic substance legislation

Collas Crill's Contentious Trusts Team Shortlisted for Step Private Client Award

The STEP Private Client Awards are seen as the hallmark of quality within the private client industry, highlighting excellence and innovation among private client professionals worldwide.

Former UBS China banker given 9 years in prison for insider trade

The documents said that Sang shared information with two associates

Statistics on automatic exchange of banking information and the right to hold authorities (and banks) to account

It is still hard to know how well this system is working

Global Financial Markets Regulatory Review - June 2019 Edition

The discussion paper outlines APRA’s proposals with respect to a number of areas including asset classification and provisioning, credit standards and credit risk management.

Wealth management investigations spike

In the Royal Commission's final report, commissioner Kenneth Hayne recommended when ASIC identifies misconduct, its starting point should be "why not litigate?" instead of the "negotiate" tack the regulator has traditionally taken

Addepar Inks Reseller Partnership With Mirador

The West Coast fintech firm will be resold to wealth management firms and UHNW family offices with customized analytics and reporting

Legal team advises private bank on wealth manager acquisition

Deal Is Part Of Wealth Management Business’ Growth Strategy

Legal,Regulation,Tax & Compliance