Managers of Wealth

Asset, Aviation and Real Estate Financing Trends

Offshore Perspective from a Guernsey Banking Lawyer

Merrill Fires Multi-Million-Dollar UHNW Pair for Cheating

His partner, Christopher R. Berry, was let go for the same training violations, according to the summary of his discharge.

Russian Billionaire Loses Appeal In Feud With Swiss Art Dealer

The battle has been playing out over the past five years in courts across Europe as well as New York and Singapore.

Dutch court to question ING and ex-CEO Hamers in money laundering case

But a group of disgruntled investors felt justice had not been served and the court in The Hague had said it would take their demands into consideration.

How China’s Greater Bay Area wealth management connect could help millionaires move their money across borders

Cross-border banking partnerships seen as key to implementation

3 Key Lessons From The FATF’s Report On Its Virtual Asset Review

According to the FATF’s report, 32 jurisdictions that it surveyed have imposed anti-money laundering and countering the financing of terrorism regulation on the virtual asset sector.

UK High Court inheritance disputes hit all-time high

Hasty action taken during covornavirus outbreak could spell trouble down the road

Is catching tax evaders the answer to settling covid-19 debt?

Would be ‘perverse’ for HMRC to ‘attack’ upstanding citizens but leave law breakers ‘unchallenged’

Deutsche Bank Fined $150 Million For Relationship With Jeffrey Epstein, Other Lapses

First Enforcement Action by a Regulator Against a Financial Institution for Dealings with Jeffrey Epstein

Ireland Update: Establishment of Register of Beneficial Ownership of Unit Trusts, ICAVs and Credit Unions

The 2020 Regulations also amend the definition of “beneficial owner” in relation to Unit Trusts including to clarify that there will be a “greater than 25 per cent” threshold when determining whether a unitholder is deemed to be a

Appleby Offshore Data Protection Guide

The team works frequently with local government, regulators and industry bodies to develop responses to the challenges of globalisation and regulation, with a focus on producing effective solutions for clients.

Supervising the new normal

Blog post by Kerstin af Jochnick, Member of the Supervisory Board of the ECB

Scope of the Cayman Islands Private Funds Law expanded

The scope of the Private Funds Law, 2020, which introduced fundamental changes to the regulation of Cayman Islands closed-ended funds earlier this year, has been expanded by the Private Funds (Amendment) Law, 2020.

Basel Committee reports on Basel III implementation progress

The progress report sets out the adoption status of Basel III standards for each Committee member jurisdiction as of end-May 2020.

Former Barclays boss rejects suggestion he 'deceived' board during 2008 financial crisis

But Varley yesterday denied the suggestion he had deceived the Barclays board about an agreement made with the Qataris in June 2008.

American collector to sue France over restitution of $1.7m Pissarro painting

Real estate developer Bruce Toll claims compensation after French High court confirms return of Pissarro's Pea Harvest to heirs of collector Simon Bauer

RBC commits C$150 million to diversity push, aims for more minority executives

Minorities made up 37% of RBC’s Canadian workforce and 35% of U.S. employees in 2019, according to a report.

They move faster and are more agile, often not being saddled with decision-making processes and protocols

The Monetary Authority of Singapore recently observed that foundations, trusts and family offices are well-placed to drive positive change through their investments and business operations.

Cayman Islands to abolish regulatory exemption for single family offices

The Law will therefore be amended to remove the current Schedule 2A 'non-registrable person' exemption for SFOs

Dishonesty in complex fraud claims

The principal question facing the Court of Appeal was therefore whether it was obliged to follow the decision of the Supreme Court in Ivey.

Legal,Regulation,Tax & Compliance