Managers of Wealth

Barclays sets aside further £1.6bn for bad loans

The board will decide on future dividends and capital returns at the year-end.

Witnessing Wills in a virtual way: significant changes

The Government plans to introduce the necessary legislation in September, but just issued detailed guidance on the strict procedural rules that will apply to witnessing via video conferencing.

Lasting Powers of Attorney meet the 21st Century

The new service will allow attorneys/ donors to create an online account once the LPA is registered; they can then add their LPA(s) using a reference number and activation key, which they can then choose to share with third parties.

The UK fund industry could become a casualty of Brexit

The government has stated that its primary driver is to give UK investors access to a more diversified number of funds, over and above the 2500 UK retail funds that are listed on UK platforms today.

‘Whatever it takes...’ by Julius Baer

The current stronger momentum in the profit performance of European companies is probably mainly due to regional differences in the handling of the Covid-19 infection cycles and may only be temporary in nature.

OECD publishes final model reporting rules for sharing and gig economy platforms

A platform operator must report the required information to the tax authority of the jurisdiction in which it is resident by 31 January of the following year.

€130 million in black money regularised so far in 2020

In the case of funds that are no longer subject to Belgian income tax, because of the time elapsed since they were received, regularisation involves paying a fine of 40% of the value of the capital concerned – up from 39% last year.

Guidance on making wills using video-conferencing

The Government is introducing legislation to allow people to use video-conferencing technology for the witnessing of wills being made.

International Initiatives can Convince Tax Havens to Turn Over a New Leaf

Given that some countries which the EU currently identifies as tax havens, such as Panama or the Cayman Islands, have built entire industries out of helping firms avoid the taxman, the prospects of convincing them to clean up their act might seem slim.

Benefits and certainty of Guernsey’s UK and EU access underlined as Brexit talks miss deadline

Guernsey continues to have well-established cooperation agreements in place, which leaves the island in a strong and certain position.

Deutsche Bank to end global business activities in coal mining by 2025

The revised Fossil Fuels Policy and signing the Equator Principles are both components of Deutsche Bank’s sustainability strategy.

IBF and MAS Launch Skills Map to Enhance Capabilities of Family Office Advisors

Training programmes accredited by IBF under the skills map will be able to benefit from the IBF-Standards Training Scheme grant

Top lawyer accused of relaying offer of £1m 'bribe' to police, say court transcripts

Exclusive: Mishcon de Reya partner Mike Stubbs allegedly relayed offer as part of plot to release €300m from Swiss bank account

FCA launches revamped register

It can help consumers avoid scams and enables firms to cross-check references and make their key staff known to customers.

Capital gains tax reliefs and allowances

The UK tax regime is notoriously complex and there are various reliefs for CGT available, including for the sale of business assets and for the sale of your main home.

Maples Funds and Investment Management Update - Ireland and Luxembourg - Q2 2020

Our Funds & Investment Management quarterly update considers recent legal, regulatory and tax developments in Ireland and Luxembourg.

Facilitation of Cross Border Restructuring

The severe economic ramifications of Covid-19 are being, and will be, felt across all areas of industry and society for some time to come.

Trust Registration Service and Fifth Money Laundering Directive… are we nearly there?

Many commentators sought further reassurances regarding access to information held on the TRS.

London Laundromat: Police seize £2 million profits of Italian mafia gang held in British banks

Castaldi and Enzo Ceravolo, a director of the company involved, gave a London address when setting up the business, but it was a forwarding address with no sign of the pair using it to live in.

Argentina Confronts its Multi-Billion Dollar Offshore Wealth Problem

The government first implemented a beneficial ownership register, which is key to tracking down where citizens and businesses keep their money.

Legal,Regulation,Tax & Compliance