Managers of Wealth

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.

Carey Olsen acts in BVI's first major virtual trial since COVID-19 lockdown

It is understood to be the the first fully virtual trial of its kind ever to be held in the BVI.

UK sanctions regime to target human rights abusers

The whistleblower's maltreatment while in custody has been condemned by the European Court of Human Rights.

Stability Key for Asia as Investors Look for Certainty

The Chinese government, for instance, unveiled its latest stimulus package worth at least 4.5% of GDP at the National People’s Congress on 22 May.

CySEC fines Commerzbank for market manipulation

According to the terms and conditions governed the specific products the underlying basket was (theoretically) virtual and therefore no actual investment into the underlying was supposed to take place.

Central Beneficial Ownership Register Introduced for ICAVs and Unit Trusts

The Financial Vehicles Regulations make specific provision for what constitutes a "beneficial owner" of a unit trust and prescribe for a threshold level of ownership.

Covid-19: Protecting Personal Data– The New Normal

At the same time, their smart home devices are capable of recording confidential conversations and their phones are able to track their movements with increasing precision.

Cayman Islands: Update for Single Family Offices Conducting Securities Investment Business

In March 2020 the Ministry discussed, with industry members who requested meetings, the possibility of exempting SFOs with registered offices that are licenced under the Companies Management Law or the Banks and Trust Companies Law from the SFO Regulation

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