10/03/2023
Tax practice acquires West Lancashire firm
The practice also assists offshore banks and trust companies throughout Europe with UK tax issues.
Legal,Regulation,Tax & Compliance
10/03/2023
Corporate Taxation Arrives in the UAE – What? Why? And What are the Implications?
These and other key questions were put to a panel of experts who offered their insights and proffered words of advice to the wealth management community in the region.
10/02/2023
UBS Settles Tuna Bond Case in Mozambique
UBS and Mozambique governments have resolved their dispute over the tuna bonds inherited from Credit Suisse.
10/02/2023
Nine lawyers featured in Spear's Magazine's 2023 rankings
These individuals work with high and ultra-high net worth clients around the world.
09/29/2023
Retirement planning: How to pay less tax
Married couples and people in civil partnerships can double most of these tax-free amounts by using both sets of allowances.
09/28/2023
Swiss banking stands before the courts of morality
Of course, it can be argued that these specific incidents happened many years ago - and the world has changed in the meantime.
09/25/2023
Strengthened Client Scrutiny by Singapore Banks: Addressing Money-Laundering Concerns
The longer processing times are not an official rule change but a response to authorities tightening due diligence across the financial sector following the exposure of a transnational money laundering syndicate in August.
09/22/2023
IHT receipts show fresh year-on-year rise
This is likely to be the result of allowances* being frozen until at least 2028 combined with inflationary growth of asset values.
09/21/2023
More Assets Unveiled in Singapore’s Laundering Scandal
The case was first made publicly known on August 16 and the value of the assets seized was revealed to be S$1 billion.
09/21/2023
Wren Sterling adds £250mn AUM with south west deal
Twining said Keith Stockdale and his team have the “entrepreneurial drive” the firm is looking for and a very loyal client bank.
09/20/2023
Credit Suisse unit ordered to pay Georgian tycoon Ivanishvili US$743 mil
A hearing in the case is scheduled for Nov 2 at which CS Trust will attempt to stay the judgement against it.
09/20/2023
Online Safety Bill passes final reading in the Lords – positive reaction
The legislation establishes a ‘Duty of Care’ on social media websites and search engines, making them more responsible for the content they publish for the first time.
09/20/2023
HMSA joins the 16% of applicants who have a Finma trustee licence
The wealth-planning specialist is the latest firm to be authorised as the regulator works through its lengthy backlog.
09/19/2023
FCA finds no evidence of de-banking based on political views
FCA review sparked by Nigel Farage’s claims concludes that banks are not closing accounts primarily based on customers’ political views.
09/19/2023
Withers wins Matrimonial and Family Law Firm of the Year at ALB Hong Kong Awards 2023
This is the 10th year the Withers’ family team has received this prestigious award from ALB
09/18/2023
Standard Chartered and Dubai Department of Economy and Tourism sign Cooperation Agreement to promote business opportunities between Hong Kong and Dubai
Standard Chartered and the Dubai Department of Economy and Tourism will also set up a joint working group to discuss about how to achieve these objectives.
09/18/2023
China police detain some Evergrande wealth management staff
The police said the investigation into the financial management unit was ongoing and urged investors to report any further financial crimes.
09/15/2023
SER opens investigation against Banque Cantonale du Valais (Walliser Cantonal Bank)
The alleged violation concerns regulations on ad hoc publicity and is related to the disclosure of price-relevant facts.
09/15/2023
Why the FCA could be restricting Raymond James
Dodgy tech systems, concerns over suitability, scrutiny over client cash controls, and anxiety over Raymond James’s ‘flexible’ model may have fed into the FCA’s restrictions.
09/13/2023
How the PUK Became a Bad Bank for Regulation
National Councilor and parliamentary group president Thomas Aeschi of the SVP directed a barb on the topic of Credit Suisse at FDP president Thierry Burkart.