Managers of Wealth

Making inheritance taxes fairer

The OECD made such a suggestion in its recent report on inheritance taxation.

The International Climate Finance Plan

Corporate attorney Kevin Turner and Environmental attorney Amy Edwards discuss the five broad areas of focus of the International Climate Finance Plan that impact international, private sector development in their article featured in the September 2021 is

Statement of Practice - Trusts and Foundations in Mauritius

Provided that the majority of beneficiaries are not resident in Mauritius then the trust will NOT be liable for tax in Mauritius.

Registered investment advisors: How US banks can weigh the M&A potential

Many US banks are investing in their wealth management businesses to generate fee-based revenues and broaden client relationships. Given their often subscale starting points

The Rise of Fake Crypto Trading Bots: Steps Users Must Take to Avoid Getting Scammed

MTI never generated high returns for its investors because it was never a genuine investment company in the first place.

Remote right to work checks to continue until 5 April 2022

In many cases, this involved meeting the employee and checking their documents in person.

Frontier workers: Swiss government adopts new agreement with Italy

The new agreement will enter into force once the Italian parliament ratifies it.

Latham & Watkins Advises Hg on Acquisition

German-led team advised the leading software investor on the transaction.

China Orders Banks to Speed Up Ditching Nonstandard Wealth Management Assets

Regulators in the first half of this year already ordered banks to speed up the disposal of remaining nonstandard credit assets, the person said.

Walkers Guide to Setting Up a Cayman Islands Cryptocurrency or Blockchain Fund

Once the investment strategy has been determined, and there is the necessary interest from investors, the decision needs to be made on the most optimal way to structure the fund.

US probes Deutsche Bank's asset management arm over sustainability claims

The agency earlier this year established a task force to root out misconduct related to environmental, social and governance issues.

Italian Mafia Exploits Cryptocurrency and the Deep Web

The anonymity offered by the online markets is particularly valuable to the criminals amids the pandemic

Swiss Court Rejects Ex-BSI Banker’s 1MDB Appeal

The Federal Administrative Court turned down the appeal to lift a three-year regulatory ban over failure to properly combat money laundering.

What Can We Expect from the SEC with COP26 Around the Corner?

Chair Gary Gensler of the Securities and Exchange Commission (SEC) has made climate change headlines of his own in recent weeks.

Chinese tech turmoil and equality distract from fundamentals

The falls in Chinese share prices have prompted investors, including ourselves, to look closer at China’s prospects. Short-term volatility should not cloud China’s underlying investment strengths.

Key market developments in the Isle of Man

The Isle of Man Government recently passed the Beneficial Ownership (Amendment) Act 2021 which comes into force on 1 September 2021.

Zurich IAMs merge and say: ‘join us’

‘Our message to other independent asset managers facing high regulatory costs is to join us,' said Marcel Chevrolet.

Tools for measuring culture: quality, quantity - or both?

A series of recent publications on the topic provide interesting food for thought on how to tackle those challenges

Bank Reyl Turns Up in PDVSA Scandal

Naman Wakil tapped more than $21 million from a Swiss bank account

Alleged Italian drugs kingpin linked to stolen Van Goghs arrested in Dubai

Raffaele Imperiale, suspected of buying Van Gogh paintings on black market, considered one of Italy’s most dangerous fugitives

Legal,Regulation,Tax & Compliance