Managers of Wealth

Crypto broker plans IPO and banking licence

Bitcoin Suisse would first have a security token offering, where shares from the company’s own holdings would be brought onto the blockchain.

The Bahamas emerges as a pandemic safe jurisdiction for family offices

Financial regulators in the Bahamas have also set up a fast track licensing operation for FinTech companies with the goal of being able to provide comprehensive financial services support.

Goldman Sachs cuts quarterly earnings citing legal provisions

The bank said it set aside $2.96 billion in the second quarter for legal and regulatory costs, up from the $945-million Goldman said it set aside on July 15 during its second quarter earnings announcement.

Sustainability reporting guidance 2020 to 2021

Guidance for government bodies on sustainability reporting.

Kuits retains top tier Chambers High Net Worth ranking

Independent law firm Kuits remains in Band 1 alongside national practices Addleshaw Goddard and Mills & Reeve.

When will Europe crack down on those aiding and abetting financial crimes?

At the heart of the dispute currently cleaving Leo Trust, one piece of the web of Swiss financial services companies which optimize super high-net-worth clients’ assets for tax purposes, in two is a $1.35 billion loan contract.

Swiss media report fingers Martinellis in bribery expose

The judge in Bellinzona, however, ruled that it was up to the judge in Spain to decide whether the documents show a relevant criminal connection.

Swiss Authorities Are Investigating Embattled Art Dealer Yves Bouvier for Evading as Much as $360 Million in Taxes

Bouvier argues that he has lived in Singapore for the past decade and therefore is not subject to Swiss tax.

Attacks on Trusts

Trusts are usually set up to protect assets from creditors’ claims

Is private client law moving into the 21st century…

The rules relating to how a Will must be signed and witnessed are enshrined in legislation dating back almost 200 years old, (Wills Act 1837), and these rules are sacrosanct for any private client practitioner.

UK competition regulator blocks merger of FNZ and GBST

The Competition and Markets Authority has provisionally found that FNZ’s purchase of GBST could result in a substantial lessening of competition.

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.

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.

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.

$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

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.

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.

Crispin Odey charged with indecent assault

In a separate statement, Odey denied the allegation and insisted he would "strongly contest this matter".

No More LIBOR

Bank of England Takes Another Step Away From LIBOR

Financial Crime in Jersey

Fraud in Jersey is a common law offence that can be committed by natural persons.

Legal,Regulation,Tax & Compliance