Managers of Wealth

Billionaire Row ‘McMafia’ Ruling Dies In London Court As Family Of Former Kazakh President Unfreeze Assets

The house has an “underground pool, tropical showers, a glass domed roof, a dedicated cinema and separate quarters for staff.

Luxembourg introduces transfer pricing documentation requirement for controlled foreign company compliance

This calculation should be made by reference to the transfer pricing rules of articles 56 and 56bis of the Luxembourg income tax law.

Kazakh family win Unexplained Wealth Order battle over London homes

The National Crime Agency suspected all three of the mega properties in London were bought with riches embezzled by Mr Aliyev's notorious and now dead father, Rakhat Aliyev.

Third Party Funding in Hong Kong

It has been seeking, on behalf of the applicant, a declaration that proposed third party funding shall not breach the laws of champerty and maintenance as the funding arrangement falls into the ‘access to justice’ exception, such that it can b

Jurisdictions move towards full implementation of standards for financial market infrastructures

The CPMI and IOSCO encourage jurisdictions to continue to adopt measures that will enable them to fully implement the PFMI.

Switzerland: New rules on inter-cantonal tax allocation established

Daniel Stutzmann and Manuel Angehrn of Deloitte Switzerland consider how the Swiss tax reform has led Swiss cantons to move towards a ‘function-based’ tax approach.

Quarterly Commentary: Policies Provide Economic Life Support

The arc of global financial markets during the first quarter of 2020 corresponded with the unfolding realization that controlling the outbreak would require government-mandated shutdowns

Signing on – how Guernsey makes business easier in unprecedented times

Craig Cordle, partner at Ogier in Guernsey, explains how the island’s foresighted legislation is facilitating electronic transactions for businesses.

COVID-19 vs fund managers: IQ-EQ speaks to law firm Foot Anstey

Although many investors are adopting a ‘wait and see’ approach in terms of making an investment, now is actually a good time for them to be carrying out due diligence.

Coronavirus - what are the tax implications of being stranded outside the UK?

Earlier this week, we also looked at the immigration issues facing those who are in the opposite situation: currently stranded outside the UK.

FCA bans 'playboy' adviser jailed over £4.5m fraud

The money was used to fund his lifestyle of travel, hotels and gambling, with the FCA warning his victims had "little prospect" of recovering any money as a result.

A Stable Framework for a Changing World

The implementation of the Register of Beneficial Owners (RBO), was yet another critical step-change which has “greatly enhanced the transparency” alongside other various Directives.

Central banks must target a green recovery after coronavirus

Huge finance injections must help to create a different kind of economy—one that is more stable and sustainable.

DBS and UOB closing some branches till May 4

Both join OCBC in closures in anticipation of fewer customer visits and for staff welfare

The Art Market Adjusts: Temporary relief for cultural institutions under the CARES Act

One such provision creates the Paycheck Protection Program, which makes loans, and, in some circumstances, provides loan forgiveness, to small businesses, including charitable organizations.

FCA Business Plan 2020/21

The FCA will also transform its operations, using data and advanced analytics to improve responsiveness and reduce the regulatory burden.

Global bank HSBC owns up to potential anti-money laundering law breaches

HSBC's exposure to money laundering breaches

Weekly Tax Brief - 7 April 2020

While it is too early to predict what the UK tax system will look like after the virus has passed, one thing is clear: much more tax will be paid by fewer companies and individuals.

Crumbling Economies Must Tackle Tax Evasion To Meet Coronavirus Crisis, Experts Warn

The pandemic has highlighted global reliance on digital and pharmaceutical behemoths, and at the same time should shine a spotlight on their tax behavior, said Rasmus Corlin Christensen, a researcher with the International Centre for Tax and Development.

Free-standing Freezing Orders in the British Virgin Islands: service out on non-submitting foreign defendants

It remains to be seen whether this Court of Appeal decision will now trigger legislative change

Legal,Regulation,Tax & Compliance