Managers of Wealth

FCA regulated? Keep these regulatory themes top of mind for 2025

We’ve been reflecting on the big regulatory changes we’ve seen in the UK this year and how they impact what we all need to be thinking about as we move into the new year.

Jeff Bezos saved around $1 billion in taxes by moving to a ‘billionaire bunker’ in Florida

Since his move in early 2024, Bezos has sold an estimated $13.6 billion worth of Amazon stock, according to Forbes.

New International Inheritance Law Boosts Swiss Financial Center

While this arrangement may seem straightforward, it often posed challenges in complex cases.

Tax rises for Charities in the UK following the October Budget Announcement

The uplift comes amidst other pressures facing the charities sector, including a 6.7% rise in the national living wage effective from 1 April 2025.

FINMA concludes proceedings against Leonteq

LTQ cooperated well with FINMA during the proceedings.

Praxis expands UAE offering with Sandshore acquisition

The acquisition of Sandshore builds our expertise further through the addition of five highly qualified and experienced professionals who take the same meticulous approach to client service as our existing team.

Did UBS harass two whistleblowers?

Forissier accuses his former employer of harassing him and a former marketing manager after the two uncovered the bank's efforts to help wealthy French people evade taxes.

Lombard Odier Faces Legal Indictment For Money Laundering

Swiss private bank under fire as authorities charge it with money laundering amid growing scrutiny

MAS Imposes Civil Penalty of $2.4 million on JPMorgan Chase Bank, N.A. for Misconduct by its Relationship Managers

As the interbank prices were not available to clients, they had to rely on the RMs’ representations to them regarding the interbank prices and spreads.

Bank Lombard Odier and a former employee charged with serious money laundering at the Federal Criminal Court

The investigation phase was concluded with the filing of the indictment with the Federal Criminal Court.

IHT on pensions to push wealthy families into 80% plus tax

This could result in the money held in pensions within these estates facing extreme effective rates of tax.

Dom and dusted – the end of the road for non-dom status

The UK Treasury has issued a technical note and draft legislation clarifying the proposed changes.

Macquarie Group statement on FCA’s Final Notice

The unauthorised trading was isolated to one individual.

Wealthy families shuffle towards UK exit door

New rules on resident non-doms (RND) announced in the UK Budget have created material uncertainty and could end up having counter-intuitive implications for the government.

Labuan IBFC: Modernizing finance through Islamic principles

The center leverages digital financial services to revolutionize its Islamic finance offerings

Labuan IBFC wins Leading International Financial Centre (Asia Pacific) 2024 award

Labuan IBFC also made significant strides in expanding its international presence and facilitating greater collaboration across key markets.

Finma opens proceedings against Moonshot private equity platform affiliates

The regulator suspects the persons involved of collectively carrying out activities which are illegal without necessary licences.

Evelyn Partners team welcomes High Court ruling on London Capital & Finance

Between 2013 and December 2018 LCF raised a total of over £237 million from about 11,600 bondholders.

Federal Council approves FINMA's strategic objectives and meets with its senior management

The approval of the strategic objectives and the annual meeting are two important steering tools for the Federal Council with regard to FINMA.

Trump selects Elon Musk to lead government efficiency department

Musk and ex-presidential candidate Vivek Ramaswamy to head up Department of Government Efficiency (Doge)

Legal,Regulation,Tax & Compliance