Managers of Wealth

Criminal charges brought against Falcon Private Bank

Falcon has announced its plans to wind down.

The financial (in)security of a mistress on the death of her benefactor - a high profile case in Hong Kong

The deceased had a wife and children as well as another mistress with whom he had children.

Finma to order climate risk disclosure

The Federal Council approved the strategic objectives of Finma for 2021 until 2024, it announced on Wednesday.

To fight inequality and COVID-19, tax the ultra-rich

The federal government should introduce new taxes targeting extreme wealth concentration and use the revenues to strengthen social safety nets and stimulate the economy.

Appleby Partner Garry Manley Receives Citywealth IFC Lawyer Of The Year Award

Appleby partner Garry Manley has received a silver award for “IFC Lawyer of the year, partner” at the Citywealth Future Leaders Awards 2020.

Financial Regulation Update

This follows guidance originally published in April 2020 and updated in July 2020

Devilish detail in UK Settled Scheme for European HNWs

Submitting an application by the 30 June 2021 deadline may not be enough, law firm warns

Withers: One of Singapore's Best Law Firms 2021

Our local and international teams here are growing each year, covering not just Singapore and the US, but major jurisdictions like Australia, India and the UK. We are here to assist you in your journey, from exploring new opportunities to resolving your d

SECs OCIE Issues Warning to Registrants Regarding Complex ExchangeTraded Products

The orders against each firm found that the firm failed to implement written policies and procedures reasonably designed to prevent violations of the Investment Advisers Act of 1940 and the rules thereunder.

Ireland Update: Winds of Change for Whistleblowing

The definition of relevant wrongdoings will be broadened to include breaches of financial services regulations

Federal Council approves FINMA's objectives

During this period, the supervisory authority will concentrate more on digitalisation, innovation and sustainability.

Belgium’s biggest banks propose system to share suspected money laundering information

The proposal was made at a Belgian parliamentary hearing held in response to the FinCEN Files investigation.

James Campbell the only Jersey lawyer elected to prestigious American College of Trusts and Estate Counsel

To qualify for membership, a lawyer must have no less than 10 years' experience in the active practice of probate and trust law or estate planning.

Carey Olsen Bermuda announces continued growth and office move as it celebrates third anniversary

These new additions mark exceptional growth for the firm which opened its doors with only a single employee, managing partner

Who’s Who Legal Recognizes Global Thought Leaders

In the area of Asset Recovery, Tara Archer-Glasgow is recognized amongst the foremost asset recovery lawyers and is ranked highly thanks to her market-leading expertise in the tracing and recovering of lost, misappropriated or stolen assets.

FCA, PRA and HMT publish joint statement on implementation of prudential reforms in Financial Services Bill

The FCA has published an update to its webpage on business interruption (BI) insurance to include the Supreme Court appeal hearing timetable, as well as a hand out summarising the issues, facts, procedural chronology and counsel for the appeal.

Weekly Tax Brief

HMRC’s announcement therefore prompted a concerned response from industry and representative bodies

CRS and FATCA UPDATE

The CRS and FATCA Amendment Regulations 2020* amended the annual reporting deadline for CRS and FATCA to 31 July in each year.

SEC Charges Five Firms With Improperly Selling Volatility-Linked ETPs

More than $3 Million to be Returned to Harmed Retail Investors as Part of Ongoing Risk-Based Initiative

Former Wells Fargo CEO barred from industry, to pay $17.5 million for sales scandal

The SEC previously filed settled charges against Wells Fargo for engaging in the misconduct.

Legal,Regulation,Tax & Compliance