Managers of Wealth

Beyond the textbook: lateral thinking in complex blessing applications

It was an unusual and interesting case, which raised various difficulties for the trustee, including in relation to the sheer size of the trust fund

Unlocking new value with tax innovation - Deloitte

Driving tax function effectiveness with technology and talent

Guernsey launches fast track applications for fund managers to migrate to the island

The new regime has resulted in the publication of a revised Form FTL and where a migration of the manager is involved the new Form FTLM.

Ten day fast track regime boosts Guernsey's appeal to migrating fund managers by Kate Storey

The fast-tracking would apply for either a general partner of a non-Guernsey limited partnership, or a standalone manager wishing to move domicile to Guernsey.

Australia: Significant changes to foreign investment laws proposed

Exposure draft legislation is expected to be released for consultation in July 2020

DAC6 reporting obligation deferred by 6 months

The 3-month deferral for DAC2 initially proposed by the European Commission on 8 May 2020, is maintained.

IFA jailed for four years over £300,000 fraud

He stole money from employer and clients to fund gambling addiction

Cyprus tightens rules for passport-for-cash scheme

The new rules will come into force after parliamentary approval.

Secret HMRC Unit Targets Wealthy Families

HMRC argues releasing more details about the unit would allow family offices to divert assets and resources to avoid tax.

Julius Baer faces investigation over ties to Argentine client: Neue Zuercher Zeitung

Employees at the bank discovered irregularities in these accounts in 2016

Best Lawyers recognition for seven Carey Olsen partners

Among the seven Carey Olsen lawyers recognised, Jersey partner John Kelleher was named 'Lawyer of the Year for Litigation in Jersey' – an additional recognition for those with the highest overall peer feedback for a specific practice area

Credit Suisse Wins $3.5 Mln from U.S. Brokers Who Claimed Hiring Fraud

The interest, which continues to accumulate until the award is paid, was set at a default rate of more than 5%, according to a Credit Suisse official.

Capita Consulting partners with Finantix

The innovative and award winning Finantix Product Suite is a modular, API-driven suite of products that can be integrated with existing IT systems and deliver maximum flexibility, efficiency and scalability.

FCA investigates Quilter Lighthouse over DB pension transfers

Lighthouse has had around 40 complaints filed against it, the FCA said.

Malta to delay launch of EU anti-corruption prosecutor

EU states are required to nominate at least three candidates for the post of European prosecutor to liaise with the Luxembourg-hub.

Victims face £1.35m loss as St James’s Place denies responsibility for adviser's sales

About 17 customers of Britain’s largest wealth manager saw their savings disappear

Cantonal banks warn of “negative dynamics” in postfinance

It is feared that Postfinance will expand the targeted market shares primarily at the expense of smaller, regionally anchored banks.

Amanda Staveley's battle with Barclays nears judgment day

Over four years over filing charges alleging deceit by the bank, the prominent financier is eventually set to get her day in court

Whistleblower receives largest-ever award (nearly $50M) in currency scheme

Whistleblower Program Reaches $500 Million in Total Awards

Vatican arrests London-based broker

Gianluigi Torzi was a middleman in the acquisition of a luxury property in Chelsea

Legal,Regulation,Tax & Compliance