Managers of Wealth

Banks and the lost fight against money laundering

The renowned business paper “Economist” has drawn the devastating conclusion in a recently published editorial: “The war against money laundering is lost”.

New York, Finally, Taxes the Rich

A budget that spends on education, homelessness and undocumented immigrants is the product of years of progressive politics, not a governor looking for a diversion.

New York is raising taxes for millionaires. Will other states follow?

The plan also includes more relief for those hit hardest by the coronavirus pandemic such as renters, small businesses, and undocumented immigrants.

Time to revisit China sovereigns and policy bank bonds

Investment Insights by our experts and thought leaders

Carey Olsen advises Emergent Capital on completion of its restructuring

Working alongside the transaction's lead legal advisers Kelley Drye & Warren LLP and Arthur Cox, the Carey Olsen team advising Emergent on the Cayman corporate and regulatory aspects of the restructure was led by partner Alistair Russell and coun

CFO optimism reaches record levels

Two-thirds of finance leaders expect the bulk of their workforce to return to working from offices by September.

Swiss Court Denies Appeal by UBS' French Clients

The court noted that the question of «fishing» for data had already been decided by Switzerland's supreme court.

SFDR data gaps and admin burdens challenge fund managers: UBS

UBS expects the new regulations to encourage inflows into ESG strategies.

Law firm Irwin Mitchell gears up for London stock market float

Irwin Mitchell is readying itself to float on the London Stock Exchange, in a move the law firm hopes would value it at around £500m.

Ex-SocGen Bankers Challenge Fines Over Putin Foe’s $700 Million Deposits

Sergei Pugachyov, a former Russian senator, was once a close confidant of Putin and amassed a fortune of more than $1 billion in the 2000s.

Record French Fine Slashed as Latvian Bank Wins Tax Appeal

The penalty was eclipsed just a year and a half later when the PNF secured a 3.7 billion-euro fine in court against UBS Group AG.

Mauritius a player in transparency – identifying Ultimate Beneficial Owners

This mandate for transparency in many jurisdictions has changed the game in the financial industry around the world and Mauritius as a responsible player has been no exception.

An Asynchronous and Divergent Recovery May Put Financial Stability at Risk

The economic trauma would have been much worse if the global economy had not been supported by the unprecedented policy actions

Considerations for making charitable gifts abroad by Withers Worldwide

Before gifting to foreign charities (through checks, credit cards or Venmo), consider that charitable giving outside this country may produce significant tax consequences and present traps for the unwary.

Malta launches new citizenship by investment programme

It is a member of the EU and offers its citizens visa free travel to over 180 countries.

New watchdog to boost online competition launches

A tough new regulator to help make sure tech giants such as Facebook and Google cannot exploit their market dominance to crowd out competition and stifle innovation online has launched.

TMF Group announces 2020 full year results

TMF Group delivered strong performance in 2020

Egypt, Japan sign MSME facility agreement worth $100m

New facility aims to boost MSMEs to lead Egypt’s economic growth

International Investors Can Now Apply for Bermuda’s New Residency Certificate

To ease the process for prospective EIC applicants, the Bermuda Business Development Agency (BDA) offers a dedicated and personalized business concierge to act as a single point of contact.

Key trends from the boardroom in 2021

This has been further exacerbated by the impact of the COVID-19 pandemic on the financial system, leading to a push by investors for ESG-focused initiatives and an increased emphasis on a company’s responsibilities towards wider society.

Legal,Regulation,Tax & Compliance