Managers of Wealth

Walkers' Jersey Team Advises Suntera Global on Successful Application for Fund Administration Services Licence

Suntera already held fund administration licenses in the Cayman Islands, Bahamas and Isle of Man.

Courts Raise Bail for Envy Director Over Escape Plans

Court-appointed interim judicial manager of Ng's companies, KPMG, estimated his personal expenses at $2 million per month.

Keeping it in the Family: Inheritance Tax Reform and the Challenge of Wealth Redistribution

In the U.K. for example, the modern system of inheritance tax—levied on the value of the individual’s estate upon death

‘LuxLetters’ Investigation Uncovers Tax Loophole in Luxembourg

If tax authorities don’t respond, the letter turns into an agreement and the companies pay as much as they offered to.

FCA, PRA and Bank of England set out plan to improve diversity and inclusion in regulated firms

The discussion paper also focuses on the importance of data and disclosure in order to enable firms, regulators and other stakeholders to monitor progress.

Agents should prepare for an increase in AML legislation due to Brexit

The UK recently decided to opt out of transposing the EU’s 6th Anti-Money Laundering Directive (6MLD) due to many of its requirements being already covered by existing UK law.

A Quantum Leap for Financial Services

The workshop also pointed to the challenge security will pose to regulators in various sectors

Diary of a fund Manager - Market warming

Starting in the US, the monthly employment report was well received by all.

Authorised fund managers’ assessments of their funds’ value

All AFMs should review our findings and assess the quality of analysis and decision making within their own processes and the judgements

Regulator's AoV review an 'uncomfortable read' for fund managers

“Value managers will also sit up and take note that the FCA took a seemingly dim view of citing investment style as a long-term ‘get out of jail free’ card for relative underperformance.

COVID-19: Lifting of working from home guidance in England

On 5 July the Government published the COVID-19 Response: Summer 2021 setting out the details of the final roadmap step 4 as England transits out of lockdown.

Schroders chief urges reform of UK rules to thwart private equity raid

Peter Harrison says ‘we have to improve the index’ for investors as he strikes ‘natural capital’ deal

Alleged Nickel Fraudster Swindled Millions for Lux Lifestyle

About S$119.7 million was attributed to investor withdrawals with S$64.5 million of outflows yet to be verified.

Inclusive Framework BEPS Agreement

Pillar One of the agreement is a significant departure from the standard international tax rules of the last 100 years, which largely require a physical presence in a country before that country has a right to tax.

Documents and testimony contained in request for indictments

The Promoter of Justice presses charges against Msgr Carlino, Crasso, Di Ruzza, Marogna, Mincione, Squillace, Tirabassi, Torzi, Brülhart and Cardinal Becciu. A synthesis of the 500 pages of documentation presented by the prosecution follows.

Regulation: The solution to Bitcoin’s risks and unrealized benefits

Distributed ledger technology is key to the promotion of cryptocurrencies like Bitcoin, which was launched in 2008.

The IRS’ 'Dirty Dozen' Tax Scams for 2021

The IRS warns people to be on the lookout for promoters who peddle false hopes of large tax deductions from abusive arrangements.

Opinion: The global tax revolution is coming

One hundred and thirty countries have reached an agreement on implementing a better system of taxation, under the aegis of the OECD.

Switzerland conditionally supports key parameters for international corporate taxation

A multilateral agreement should ensure that a proliferation of national solutions is prevented and thereby create legal certainty.

130 countries and jurisdictions join bold new framework for international tax reform

Pillar Two seeks to put a floor on competition over corporate income tax, through the introduction of a global minimum corporate tax rate that countries can use to protect their tax bases.

Legal,Regulation,Tax & Compliance