Managers of Wealth

Continuing obligations for Cayman Islands mutual funds

Every entity incorporated or registered in the Cayman Islands will be required to notify the Cayman Islands Tax Information Authority

Unexplained Wealth Orders discharged by English High Court

Update prepared by Christopher Edwards (Partner, Guernsey) and Jeremy Bell-Connell (Associate, Guernsey)

Collas Crill Guidng You Through... Getting a Foreign Insolvency Officeholder Recognised in Jersey

The capacity and power of a foreign officeholder will be derived from the laws of the jurisdiction of the foreign officeholder's appointment

Restructuring and Corporate Recovery measures in BVI

Financial services firms are working remotely and there has been no interruption to business continuity for the sector.

Restructuring and Corporate Recovery measures in Jersey

The JFSC have confirmed that while their physical premises are closed, a flexible business continuity strategy is being implemented and they intend to take a pragmatic approach when dealing with filings, submissions and responding to clients (with the vas

Restructuring and Corporate Recovery measures in Cayman

The financial services sector has adapted well to the new restrictions and continues to operate effectively through the use of electronic filing and payment systems.

CEO of Norway's sovereign wealth fund faces probe after luxury jet use

The development adds to questions about the fund's choice of Mr Tangen as CEO as he faces criticism in Norwegian media for what is perceived as a jet-set lifestyle that's unsuited to the guardian of an entire nation's savings.

EIB under scrutiny for failings after whistleblowing complaints

The bank falls short of EU anti-money laundering rules, internal audit reveals

UK couples can now leave up to £1 million to their children free of inheritance tax, after changes to the RBRB

The legislation has been heavily criticised for its complexity, but the correct guidance and careful planning can help you overcome this.

Competition Law Enforcement in a Time of Crisis: Key Messages from the European Commission

Guidance from the Commission: Assessing competition law issues relating to business cooperation in response to the COVID-19 outbreak

EY ordered to pay whistleblower $11m in Dubai gold audit case

Court rules accountancy firm breached code of ethics in its dealings with a refiner

Prosecutor Probes Ex-Swiss Bank CEO

The case has raised eyebrows in Switzerland, where insider trading convictions are rare and those of former top executives even more so.

Former Barclays banker cleared of fraud hits out at SFO’s powers

Richard Boath tells FT the agency that charged him had fallen short of its responsibility

How Banks Can Detect Money Mules in the Time of COVID-19

Most money-mule operations rely on establishing informal ties to the global financial sector.

How Merrill Lynch Is Preparing for SEC’s Regulation Best Interest

It’s a step up from the current standard, which requires broker-dealers to recommend investments that are merely “suitable” for clients

Covid-19 - Charity AGM Restrictions in the Isle of Man

The Attorney General has agreed that any charity which is required to hold its AGM before the end of April and is prevented from doing so due to the COVID-19 outbreak

Gam chops director pay amid Covid-19 pandemic

The coronavirus market turmoil took a chunk out of Gam’s total AUM, which plunged 16% to CHF 112.1bn ($115.68bn) in the three months to 31 March.

Mortgage complaints fall – FCA

Barclays' private bank attracted the most mortgage complaints from an active lender in the second half of 2019, according to data.

Planning personal wealth under economic globalization

Wealth planning ideas such as global asset allocation, foreign wealth management and offshore trusts, once exclusive to the rich, are now widely distributed among the mass affluent.

Six wealth majors unite to raise £60k to feed NHS staff

We’ve contacted a lot of the industry and been delighted by the response.

Legal,Regulation,Tax & Compliance