Managers of Wealth

Barclays boss Jes Staley is dragged into the hunt for Jeffrey Epstein's cash

There is no suggestion of any wrongdoing on the part of Mr Staley, or that he knew anything about Epstein's criminal activities.

Swiss economist says Covid-19 ‘winners’ should pay more tax

Companies that netted their best-ever earnings during the coronavirus crisis should be subject to extra tax, finds one of Switzerland’s top economists.

UK’s financial regulator expands AML regulations to all cryptocurrency firms

The FCA had plans to implement data analytics to alleviate the regulatory approach and overcome the issues enterprises face.

Should Whistleblower Reward Laws be Capped?

Under this “soft” cap, if the SEC obtained over $300 million in sanctions from a fraudster, the whistleblower whose information triggered the enforcement action would be presumptively limited to the lowest percentage award (i.e., a 10 percent

Finma adds investment platforms to warning list

These are the latest companies which the regulator believes have supplied insufficient or false information.

AIFMD – Room for improvement

Two annexes to the letter contain the detail of the suggestions being put forward by ESMA.

Key Issues in Managing Equity Awards in M&A Transactions

This analysis will help frame the potential treatment of the awards in the transaction.

FSCS hits £20m milestone on LCF payouts

The FSCS has increased the size of the team reviewing LCF claims by almost 80 per cent as it pushes to complete the process by December, following delays this summer.

GFSC review shows Guernsey firms’ positive record on source of funds and source of wealth

Babbé Senior Associate Elena Gogh discusses a positive report on anti-money laundering practices in Guernsey by the Guernsey Financial Services Commission.

FCA open-ended funds review survey

During the coronavirus crisis, consumers may find themselves needing access to their savings in accounts with restrictions on access.

Bankers, lawyers on board for IOOF’s tilt at MLC Wealth

Investment bank Citi and law firm Allen & Overy are helping IOOF with its bid for National Australia Bank’s MLC Wealth.

Further review of IHT by the APPG

The APPG paper proposes comparatively radical reforms to a system that it describes as having been criticised as complex, ineffective, riddled with anomalies, distortionary and unfair, unpopular and ripe for reform.

Migrating A Company Out Of Guernsey

Just like a person, a company can change its nationality.

Mourant contributes to Chambers Global Private Wealth Guide

Our International Trusts & Private Client practice brings together contentious and non-contentious work in a genuine "one-firm" approach

Ireland Update – Use of Electronic Signatures on Regulatory Documents and Forms

The Central Bank advised that it reserves the right to request a "wet ink" signature where the Central Bank deems it appropriate.

Federal Council adopts dispatches on new double taxation agreement with Bahrain and amendments to DTA with Kuwait

The new DTA with Bahrain in the area of taxes on income and capital improves matters for cross-border investments.

Bank employees association asks CS to freeze layoffs

In a statement, ASEB said the bank should pause layoffs at least until the end of the year.

Switzerland looks to attract Alternative Investment Funds

It is expected that the bill will be presented to Switzerland’s parliament for discussion later this year and will not come into force before 2022.

Update on the Cayman Islands' economic substance framework

This detailed guidance was welcomed by the industry as it has given greater certainty to those businesses whose operations were potentially in scope.

Chyknell Hall: Sleepy hamlet wakes to royal scandal

Chyknell Hall near Bridgnorth has taken centre stage in the drama thanks to its prominent yet elusive resident

Legal,Regulation,Tax & Compliance