Managers of Wealth

IHT receipts rise again; great wealth transfer will ‘change everything’

The latest HMRC figures reveal IHT receipts collected by the Treasury surged to £2.8bn in the last quarter (April to July).

TD has first loss in decades after hit from U.S. laundering probe

The results come a day after Toronto-Dominion said it anticipates paying a total of more than US$3 billion in penalties related to U.S. compliance lapses.

Three indicted in money laundering case compromising Singapore’s AML status

The case involved the covert transfer of $S3bn in illicit funds, some from overseas gambling operations.

Finma on stablecoins: “Same business, same risks, same rules”

Rather, the supervisory authority wants to show the industry how risks can be limited and problematic situations avoided.

FCA scrutinises DFM feedback amid SDR extension rumours

The FCA has promised to set out next steps ‘shortly’ on talk that wealth managers will be given an extension to the December deadline.

Anti-greenwashing: UK firms gearing up for new FCA rules and guidance

Moreover, wealth managers, planners and financial advisers must also ensure that, when engaging with clients, the sustainability-related claims they make are clear

Former Banker Who Helped Launder Rp34.5 Trillion In Singapore Diadili

Both Wang Qiming and Liu Kai are Chinese managers and citizens who work in Citibank and the private bank Julius Baer Switzerland.

Nikko Asset Management gets UK stewardship nod

Nikko AM’s submission is structured around how the firm addresses these principles in its investment management and other operations

Finma has gone too far, says Swiss Blockchain Federation

Swiss Blockchain Federation says Finma’s approach to stablecoins will make it impossible for Swiss issuers to participate in the market.

LGT Capital Partners expands its semi-liquid open-ended solutions with two private equity and private credit vehicles

The open-ended private equity strategy invests through diversified portfolios of secondaries and co-investments.

Swiss Life Asset Managers acquires Condecta

Swiss Life Asset Managers buys space solutions firm Condecta from private equity firm Paragon Partners.

SFOs Start Applying For Singapore's Philanthropy Tax Scheme

The total amount of philanthropic donations was not disclosed as the first reporting cycle only takes place next year.

H2O Asset Management to pay investors €250mn after FCA finds ‘serious breaches’

Regulator says asset manager provided it with ‘false and misleading statements

Study shows SEC expected to be lenient on digital assets in the year ahead

The research found that 68% of those surveyed expect the SEC to ease regulations, while only 35% foresee stricter controls.

Proskauer Named Top Law Firm in Chambers 2024 High Net Worth Rankings

Chambers also recognized five other lawyers from the Private Client Services group as leaders in their fields.

Court tosses elderly Hermes heir’s $13B fraud claim against ex-wealth manager

Court ruling says allegation of "gigantic fraud" could not be proven as the octogenarian placed "blind trust" in his former advisor.

Swiss watchdog scrutinises UBS vetting of wealthy Credit Suisse clients

Banks use filtering technology to identify potential issues associated with clients as part of their compliance rules to mitigate risks including money laundering.

Banque Havilland Liechtenstein and Switzerland to liquidate

Banque Havilland Liechtenstein has renounced its banking licence, says Liechtenstein’s Financial Market Authority.

G20 agrees to tackle taxation of the super-rich, but forum not yet decided

Some of the most vocal advocates of a global minimum tax on billionaires

Improve efficiency and compliance with outsourced CFO services in Switzerland

Successful CFOs must possess a diverse skill set, from strategic decision-making to technology management.

Legal,Regulation,Tax & Compliance