Managers of Wealth

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.

UBS CEO Drops Anchor in Swiss Tax Haven

The canton abuts Zurich and is known for flat tax rates for billionaires but also for milder rates of income tax than that of, for example, the city of Zurich, where UBS is headquartered.

OFAC advisory notice highlighting potential sanctions risks stemming from dealing in high-value artwork

The Government usually takes this step—issuing a warning—as a precursor to embarking on some sort of action so that a target cannot later complain that it was not put on notice of the risks associated with violating a sanction.

Senior wealth management and financial advice figures gather for PIMFA’s virtual leadership summit

Among the subjects discussed were the Government’s view of the future of financial services regulation after the UK leaves the EU Single Market

CMA blocks investment technology merger

The CMA has ordered FNZ to sell GBST after finding their completed merger could lead to a reduction in the quality of service and higher prices.

FCA bans adviser trio jailed for sex offences

Russell David Jameson was an adviser at an authorised firm and approved by the regulator to hold influential and customer facing functions.

Key differences between Jersey and English commercial property transactions

The parties either appear personally before the Royal Court or appoint an attorney or authorised representative to appear on behalf of themselves or their company.

Federal Council adopts dispatch on Federal Act on Implementation of International Tax Agreements

Based on the consultation, the Federal Council clarified the bill from a content and linguistic viewpoint, ensuring in particular that the cantons are more involved in the preparation of mutual agreement procedures.

Hong Kong’s SFC Proposes Climate Risk Requirements for Asset Managers

Large Fund Managers would also be required to assess the relevance and utility of scenario analysis for evaluating the climate resilience of their strategies and keep internal records of those assessments.

Focus Financial Partners Announced that Oak Asset Management Will Join Partner Firm Vestor Capital

This transaction will help expand our local presence with a partner that represents an ideal strategic and cultural fit for our firm.

Research reveals HNW investors’ motivations

Wealthy investors rely more on professional advice, study finds

Who's Who Legal recognises nine Carey Olsen partners as experts in private funds

Among the nine recognised, Ben Morgan, partner and head of the Guernsey corporate practice, is also the only Guernsey-based lawyer to be recognised as one of six 'global elite thought leaders' for the offshore region.

UK post-Brexit reform: Financial Services Bill introduced

The FS Bill proposes certain measures, a number of which are aimed at avoiding functional issues with rules introduced during the UK’s membership of the EU

Lombard Bank fined €340,000 by FIAU over money laundering shortcomings

FIAU finds low level of risk assessment and enhanced due diligence for PEP and voluminous transactions at Lombard Bank

Legal,Regulation,Tax & Compliance