Managers of Wealth

FBI Arrests Head of Wealth Management Firm for Fraud

Terrence Chalk, aka Dr. Cash, allegedly hid his criminal past to defraud investors out of more than $4 million.

Raiffeisen is turning its back on the bankers association

As part of the development of the group strategy, Raiffeisen therefore critically examined its role in helping to shape the political framework.

The export of artworks from Italy is made easier at last

Even though Italy still has one of the most stringent laws on the protection of national cultural heritage, such reform pushed it one step further towards the global art market.

Julius Baer reaches agreement to resolve FIFA matter in the US

Julius Baer has reached an agreement in principle with the U.S. Department of Justice to settle an investigation in the FIFA matter.

Raiffeisen to exit Swiss bankers association

The bank said that it wants to strengthen its commitment to Swiss private clients and small and medium enterprises.

The Covid-19 Balancing Act for Regulated Businesses in Jersey and Guernsey Covid-19 is here to stay, and with it a change in the way that we work.

Whether or not this has fully sunk in, the Channel Islands regulators and international standards setters have certainly grasped it.

Almost half of all FCA scam warnings are impersonations of real brands, Quilter finds

There is no legally enforceable system for compelling search engines and social media platforms to remove fake websites and fake adverts which use the ‘clone’ of a financial services firm.

Spain to increase income and wealth tax

‘This will push UHNW retirees and investors to look at other more favourable jurisdictions’

Carey Olsen advises VinaCapital

The Carey Olsen team advising VinaCapital on all Guernsey aspects of its migration was led by corporate partner Ben Morgan and senior associate Gemma Campbell.

Tax policy implications of a Joe Biden presidency

Joe Biden campaigned on the premise that the benefits of the 2017 law are skewed to large corporations

Covid-19: FCA issues tailored financial resilience survey for TPR and SRO firms

Completion is not mandatory for these firms, but the FCA encourages them to complete the survey.

Heavy Fine For Julius Baer

Julius Baer has reached an agreement in principle with the U.S. Department of Justice to settle an investigation in the FIFA matter.

In the matter of the Arpettaz Settlement [2020] JRC 161

The introduction of so-called firewall provisions has, if anything, only reinforced that general position.

HMRC tax evader watchlist up 30%

When an individual is placed on the scheme the tax authority can inspect their home or business and perform checks on any part of their tax affairs without any prior warning.

Geneva Blocks Funds in U.S. Tax Case

The software billionaire is accused of code-naming nominees («King,» «Bonefish,» and «Snapper») on an offshore structure and used a charitable trust to hide assets.

Questions to Ask When Choosing an Offshore Jurisdiction

In this exercise, the questions are as important as the answers.

Deloitte Ex-Swiss Partner Wants Appeal Heard

Joseph reportedly earned Deloitte more than $200 million in fees as the point person for Credit Suisse's efforts to cleanse itself of U.S. tax cheats from 2012 until relatively recently last year.

Investment Firms Prudential Regime (“IFPR”) UK implementation – will you be ready ?

Firms should consider how prudential consolidation will apply and the way in which to meet any new requirements.

A new blueprint for financial regulation

HMT is proposing a new institutional framework for developing regulation in the UK.

UBS Sued for $500 Million by Chinese Tycoon Over Deal Gone Awry

It’s not the first time Guo has brought such a lawsuit, after failing to get the claim heard in New York.

Legal,Regulation,Tax & Compliance