Managers of Wealth

Basel Committee publishes stocktake report on climate-related financial risk initiatives

Climate-related financial risks refer to the set of potential risks that may result from climate change

Gifting assets in the UK during coronavirus

The timing and mechanism of making gifts may be impacted by the nature of the asset and the individuals in question, but also the commercial circumstances.

Rapid uptake for succession & estate planning solutions in Asia

The global measures to curb the spread of the Coronavirus as well as the resulting market instability and travel restrictions have also allowed younger generations to speak more freely with family members.

Equity Finance: Matching Liability to Power

The Covid-19 has illustrated the dangers of excessive debt ratios. Amongst the several causes of such debt accumulation

Wealthy Move Their Money To Tax Havens

"This has been a resounding success that has far exceeded our plans," said Sergio Ermotti, the bank's CEO, addressing asset management inflows.

UK regulator ends probe of ex-Barclays banker Roger Jenkins -lawyer

The FCA has discontinued their warning notice,” he said.

Coronavirus challenges could prompt delays to money-laundering investigations

Investigations and enforcement actions are likely to be "drawn out" in the lockdown period, and banks will face "a much slower process" in dealing with their regulators.

Art market enforcement during the pandemic

Art market participants who are engaged in pending or projected transactions that are otherwise subject to regulatory oversight but that have been interrupted by the health crisis must take care not to run afoul of these regulations in the absence of any

Swiss Money-Laundering Tip-Offs Jump by a Quarter

MROS announced the results alongside a new strategy to enable the agency to process money laundering reports more quickly.

Bridging loans and Switzerland’s fiscal support package for entrepreneurs and corporate entities

The main argument was that the cost of the entity can come at a premium compared to locations like Cyprus the Netherlands and Luxembourg.

Why gold is the dollar’s only real challenger among global currencies

While the greenback is set to remain strong in the short term, its purchasing power may diminish if excessive stimulus measures continue

Report points to 'hard-core' group behind tax avoidance

The information gathered in 2017 showed the tax avoidance sector was being maintained by a "hard-core" group of as many as 20 promoters with a "long history of operation" in the UK and who were well known to HMRC.

Keith Robinson elected as Fellow of the American College of Trust and Estate Counsel

Keith is one of only two Bermuda lawyers who have been elected as international fellows of ACTEC

Tax avoidance products ‘in decline’ across the UK

But taxman’s clampdown could see legitimate planning hit as ‘collateral damage’

UBS Appeal in $4.9 Billion French Tax Case Delayed Amid Virus

A new date for the case will be set at a court hearing later this year.

The impact of the global lockdown on corporate debt restructuring and trustees

Trustees would need to have suitable indemnities and legal counsel opinions in order to get comfortable with the meeting.

Record year for money laundering tip-offs

At the beginning of 2020, the office introduced a new online systemexternal link for submitting reports.

EU pushes to ‘phase out’ Malta’s citizenship scheme

Citizenship sale schemes posed money-laundering and corruption risks

UK taxman offers no quarter to offshore asset holders

HMRC allowed relief to all taxpayers affected by coronavirus but not those with assets abroad

Duties and Liabilities of Directors of Bermuda Companies

The duties of a director of a Bermuda company apply equally to all directors howsoever appointed.

Legal,Regulation,Tax & Compliance