Managers of Wealth

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

Irish Finance Bill 2020-Key Developments for Irish and International Business

The Irish Finance Bill 2020 has now been published and contains the legislation to implement the Irish Budget measures of 13 October 2020 and also certain new measures.

Crypto Crime Enforcement Trends: The US Department of Justice steps up

The Framework examines the DOJ’s role in prosecuting related misconduct, including applicable federal statutes, key partnerships, and enforcement challenges.

ECB looking increasingly maxed out when it comes to “traditional” monetary policy

The ECB is looking increasingly maxed out when it comes to “traditional” monetary policy.

Swiss National Bank and BIS announce digital currency trial by 2020 end

The trial will also allow the banks to see how the technology syncs with existing payment systems, as well as providing more effective routes to monitoring compliance.

Brexit: VAT and the end of the transitional period

This has significant VAT implications for UK suppliers involved in international supply chains.

Brexit: Immigration update for EU nationals

In order to safeguard the rights of EU citizens after Brexit, the UK government introduced the EUSS.

FBI investigating Hunter Biden over money-laundering allegations

During a hastily scheduled press conference before the presidential debate, Bobulinski showed reporters three phones that spanned 2015 to 2018, saying they were evidence that he would provide the FBI.

Cayman Islands Beneficial Ownership and Enforcement of Fines

Guidance, effective from October 2020, has now been released in the form of a Beneficial Ownership Enforcement Manual

Ogier advises on $1.1 million note issuance and Luxembourg Stock Exchange listing

The Ogier team led by partner Bertrand Géradin and senior associate Sarah Verlende acted as Luxembourg legal adviser alongside Latham & Watkins LLP.

French succession planning

The applicable governing law applies only for succession purposes and does not affect how an estate is taxed

St Kitts and Nevis' Citizenship by Investment Programme Offers Wealthy Americans a Plan B

Americans are looking for a safe and secure route to alternative citizenship offering a Plan B in the face of unpredictability.

Finma grants Gazprombank Switzerland crypto licence

These will include storage solutions and the purchase and sale of Bitcoin.

UK Regulators Fine Goldman Sachs International $126 Million for 1MDB ‘Failures’

The Financial Conduct Authority and the Prudential Regulation Authority said the firm allowed severe misconduct to go unaddressed.

Mishcon de Reya files claim against public nature of EU beneficial ownership registers

The LBR rejected this request and so the claim was filed with the district court in Luxembourg with assistance from Luther S.A., a law firm based in the region.

Company ownership secrecy prevails in Southeast Asia, UN report says

The United Nations Office on Drugs and Crime recommends strengthening reporting of beneficial ownership information across the region to stop dirty money flows.

Vessel Registration in the Cayman Islands

This briefing note summarises the registration process and sets out some of the key reasons for registering vessels in the Cayman Islands.

Legal,Regulation,Tax & Compliance