Managers of Wealth

Billionaire’s Malta assets under worldwide freezing order after Turkey coup arrest

Shipping mogul Mübariz Mansimov, arrested over Turkey coup and alleged Gulen links, has shipping empire based in tax-friendly Malta

Ex-Chelsea manager fights to recoup €30m lost to ‘scam’

Italian financier claimed his investment scheme was backed by HSBC

Belgian Tax Probe vs Credit Suisse Advances

Last year, HSBC's Swiss arm paid 300 million euros ($354 million) to settle a similar probe in Belgium.

Offshore structure with online operations in Hong Kong in the digital age – walking a thin line?

Typically, the offshore entity carries on business by way of a fully automated system, while its Hong Kong affiliate provides technical support, such as upkeep and adjustment of its proprietary software, and is remunerated on a cost-plus basis.

Withers is proud to help close the digital divide in New York City

Withers has partnered with the New York City Bar to help educate New Yorkers about this issue and urge the City to include and prioritize homeless shelters in its plan to expand broadband internet access for low-income New Yorkers.

Blockchain moves from promise to reality

Deloitte's 2020 Global Blockchain Survey

The Quiet Man in Stockholm Who Laundered China’s Oil Money for Iran

Unlike Zarrab, Nema has faced no charges for helping Iran evade sanctions.

Carey Olsen a finalist for two STEP Private Client Awards

Carey Olsen has one of the largest trusts and private wealth teams in the offshore world

COVID- 19 lockdown stays in Spain will count towards tax residency status in Spain

According to Spanish law, an individual will be considered tax resident in Spain if, amongst other criteria, they spend more than 183 days in Spain.

Cyprus Papers: secret migration of China’s rich, led by Asia’s richest woman, revealed in leaked documents

Chinese citizens may apply for permanent residency or citizenship in foreign countries, but obtaining citizenship abroad generally means losing Chinese citizenship

Migration of foreign limited partnerships into Jersey

This guide summarises the process for such a continuance

Wolfram Kuoni: "Union Bank's problems were homemade"

A license withdrawal procedure was initiated against Union Bank in 2019.

'Too late': AMP shareholders not satisfied with scalps

The high-profile exits followed "feedback expressed by some major shareholders" about the serious complaints made and company's handling of them, AMP said in a statement on Monday.

Fraud fears as FCA investigates over 150 Covid-19 related scams

The total number of suspected scams reported to the FCA over the last five months is 165. The types of scams that have been circulated during this time include email, phone calls, text messages, letters, and social media.

Mourant Global Funds Update - August 2020

We regularly provide training sessions and updates on market developments

Luxembourg’s Register of Trusts and Fiduces

Fiduciaries and Trustees established in Luxembourg and providing services to express trusts or fiducies established or domiciled in Luxembourg are responsible for completing the information in the RFT

Cyprus sold passports to criminals and fugitives

A leak of government documents reveals Cyprus sold citizenship to dozens of foreigners linked to crime and corruption.

Credit Suisse: Zero Tolerance, or Both-Siderism?

The case has wider significance for high finance, which still hasn't faced the type of reckoning about women and power as other industries like entertainment and media have.

UBP's Saudi Setback

The Swiss ruling denies an appeal by UBP against Hugh Dickson and Mark Byers, liquidators of Saudi Arabia vehicle Saad.

What Law Firms Can Expect in a ‘Grueling’ Second Half of 2020

They may struggle to retain and compensate their most marketable partners if they can’t bolster their firm’s finances by the end of the year.

Legal,Regulation,Tax & Compliance