08/04/2020
Swiss bankers and millions in gold tied to Hugo Chávez’s former nurse
So Díaz allegedly turned to one of the oldest ways of moving vast sums of money anonymously: buying gold.
Legal,Regulation,Tax & Compliance
08/04/2020
Turbulent times for aircraft financing - a practical guide to repossession and deregistration of aircraft from Cayman
The Convention on International Interests in Mobile Equipment and the Protocol on Matters Specific to Aircraft Finance (the Cape Town Convention) has been extended to the Cayman Islands.
08/04/2020
CI Financial to acquire US$4.5-billion RIA
The acquisition vaults CI's U.S. wealth management business past the US$10 billion mark to approximately US$11 billion (C$14.7 billion) in assets.
08/03/2020
$340m in London law firm's account suspected of 1MDB connection
Money in Clyde & Co’s bank account linked to money allegedly embezzled from Malaysian fund
08/03/2020
The U.S. Is a Haven for Money Laundering. That Might Be About to Change.
Tucked into the sprawling defense authorization bill are measures to create a corporate ownership registry, which would plug one of America’s glaring gaps.
08/03/2020
OECD Here to There • Tax Havens & Covid • Substance in Flux
The OECD digital tax project on profit reallocation seems to be in an undesirable place.
08/03/2020
Crispin Odey charged with indecent assault
In a separate statement, Odey denied the allegation and insisted he would "strongly contest this matter".
08/02/2020
No More LIBOR
Bank of England Takes Another Step Away From LIBOR
08/02/2020
Financial Crime in Jersey
Fraud in Jersey is a common law offence that can be committed by natural persons.
07/31/2020
Leonteq Announces New Partnership with Banque Internationale À Luxembourg
Leonteq and Banque Internationale à Luxembourg SA (BIL) have initiated a partnership for the issuance and distribution of structured investment products.
07/31/2020
Lazard Banker Among Suspects in German Insider Trading Probe
Employee is part of firm’s mergers and acquisitions team
07/31/2020
HMRC ramps up crackdown on high net worth tax evasion
HM Revenue & Customs (HMRC) has ramped up investigations against the wealthy, as it seeks to show its commitment to battling sophisticated tax evasion.
07/31/2020
China to extend grace period for asset management rules to end-2021
The grace period for implementation had been set for the end of 2020.
07/31/2020
Global Guernsey
Rupert Pleasant, chief executive of Guernsey Finance, is a man with a plan to showcase the island’s expertise globally and gain new business from Hong Kong to the US, as Will Green found out when they met
07/30/2020
Not Just For The Ultra HNWI - The Role Of The Family Office In Protecting Your Family’s Current And Future Assets
The best set up will be considered on a case by case basis when factoring in the individuals’ lifestyle, family circumstances, and jurisdictional reach.
07/30/2020
Momentum ordered to compensate Continental Wealth clients
55 complainants had substantial investments in structured notes
07/30/2020
Billionaire ordered to pay £270m to charity after divorce settlement
Sir Chris Hohn told to give money to ex-wife Jamie Cooper’s charity, Big Win Philanthropy
07/30/2020
QNUPS Pensions For Expats Explained
QNUPS stands for Qualifying Non UK Pension Scheme.
07/30/2020
Advisers test new fee models to widen their customer base
Payment based on assets under management is a poor proxy for work done for clients
07/30/2020
INSIGHT: Are Tax Havens Susceptible (Or Immune) To Covid?
These jurisdictions are often included in the list of those favoured by ultra-high net worth (UHNW) families to feature in their global asset holding structures alongside fund managers seeking tax efficient jurisdictions in which to site their private equ