Managers of Wealth

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.

Practice makes Perfect – what's next for Jersey schemes of arrangement?

Issues relating to the conduct and classification of shareholder meetings will therefore remain a primary consideration at the directions hearing for Jersey schemes, as has been the case in the past.

Additional requirement under the private funds regime to manage and monitor potential conflicts of interest

The Cayman Islands government has expanded this specification to require the private fund to also manage and monitor any such conflicts of interest.

ESMA Discontinues its 'Brexit Leveller' Committee

On 29 May 2020 the European Securities and Markets Authority ("ESMA") announced the winding down of its Supervisory Coordination Network.

Ireland | PD3 – Practical Insights

In our experience, the above risk factors may be challenged as to whether they are statements of fact rather than actual material risk factors directly related to the transaction in hand.

Process for listing debt securities on the Official List of The International Stock Exchange

This note includes information relating to the listing process and listing documentation requirements of The International Stock Exchange Authority Limited (the "Authority").

CJEU on data protection: Privacy Shield is dead; standard contractual clauses valid (with conditions)

In its judgment, the CJEU declared that the EU-US Privacy Shield (Privacy Shield), a mechanism used to legitimise of data from the EU to the US, is invalid.

A Seismic Shift to Certainty: “Substratum” and the Proper Construction of Trust Deeds

The decision will be of particular interest to trustees in the common law jurisdiction, having reaffirmed the test to be applied when determining the validity of a trustee’s purported exercise of a power.

Juan Carlos: former Spanish king may be tried for money laundering

Juan Carlos flew to the South Pacific island for a nine-day stay in January 2016.

A Fishy Business: Shifting Profits Out of Africa

An analysis of the leaked files by Finance Uncovered, as well as public documents and the company’s financial statements, suggest Samherji used various techniques to reduce taxes in Namibia by shifting money to low-tax destinations like Cyprus and M

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