Managers of Wealth

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.

Regulatory alert for large 'complex' charities issued by the Charity Commission

The Commission’s decision to send the alert followed its inquiry into RNIB (Royal National Institute of Blind People), and its findings of governance and safeguarding failures at this charity.

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

The island was one of the first jurisdictions to be approved by the European Securities and Markets Authority (ESMA) to provide third-country passporting without conditions.

Should I file a complaint against my wealth manager with the FSCA?

Steps to take before approaching the regulator.

Offshore Separate Portfolio Companies in the Family Office and Private Client World

SPCs and SACs are offshore limited liability companies with an added twist.

Appleby Instructed on Monsoon and Accessorize Administrations, Obtaining Recognition of UK Officeholders

Appleby is the only firm which offers restructuring and insolvency capability across all three Crown Dependencies.

Despite COVID-19, Asset and Wealth Management Deals Surge

Two deals, by Morgan Stanley and Franklin Templeton, stand out, according to PwC.

Credit Suisse Faces New Lawsuit in Singapore Over Rogue Trader

Credit Suisse has sought to limit to court battles over Patrice Lescaudron, the bank’s former star wealth manager, to Geneva where he was convicted in 2018.

UK Corporate Insolvency and Governance Act: Key changes for corporate trustees

Director - Transaction Management at Ocorian, Abigail Holladay and Charlotte Drake and Jayesh Patel of Stephenson Harwood LLP highlight the key implications of the Corporate Insolvency and Governance Act 2020 for corporate trustees.

Appleby Advises IFGL On Friends Provident Acquisition

IFGL is a financial services group headquartered in the Isle of Man.

Maitland enhances AML compliance services in Luxembourg

Founded in Luxembourg over 40 years ago, Maitland’s experience within the funds industry combined with its in-depth AML expertise and knowledge of the Luxembourg regulatory landscape continues to attract new clients to its comprehensive solutions.

Kuwaiti banker faces arrest in Switzerland over $850m probe

Fahad Al Rajaan is accused of being at the centre of a vast web of secret commissions and kickbacks

Family-owned trust fined $1.1 mil by MAS for breaching anti-money laundering requirements

These failures were identified by MAS in an inspection. ATSPL has paid the penalty in full and taken remedial actions to address the risk management deficiencies that led to the breaches.

Top 5 compliance tips for starting a hedge fund in 2020

According to data group HFR, hedge funds were down more than 7% on average amid March’s turmoil.

Law Firms Are Shrinking in Size; Coronavirus Only Accelerated It

The survey results highlighted real estate changes already under way in the legal field that the pandemic has only accelerated, according to brokers and other analysts.

Switzerland officially revises Company Law

The Bill provides that for Swiss listed companies, men and women should be represented by 30% on the company’s board and 20% in executive management positions.

FBI says private equity, hedge funds pose huge risk for money laundering

Law enforcement isn't set up to monitor money laundering schemes within hedge funds, leaked FBI documents show

European banking regulator to probe Luanda Leaks’ allegations

European lawmakers have demanded the regulator assess “whether there were breaches of either national or EU law, and to assess the actions taken by financial supervisors.”

Hong Kong needs to lift its regulatory game as China’s billionaires eye Singapore for its stability, cost advantages

Greater Bay Area billionaires see Hong Kong as a natural choice for establishing family offices for investing, succession planning

Expansion of the scope of the Private Funds regime

These changes will primarily impact single investment structures, alternative investment vehicles, master funds and those structures where no fees are paid or fees are only paid at one level.

Legal,Regulation,Tax & Compliance