Managers of Wealth

Crooked Banker Tapped Professionals to Manage Web of Dirty Money

The company was cratering and its creditors, including a Swiss bank, were circling.

Forget The Market, Wealthy Clients Want More Tax Advice From Their Advisors

Tax minimization strategies are discussed as early as the onset of his relationship with clients describing the potential savings that can be found in a smart strategy as “literally free money, and you don’t have to take market risk for it.

Swiss private bank invests in circular economy fund

Decalia Circular Economy is the first (medium- to large-cap) equity fund exclusively dedicated to this area.

HMRC investigations into footballer tax affairs reaches record level

HMRC is also investigating issues relating to VAT, agents based offshore if there is a suspicion of malpractice and payments to other parties, including when an agent may not receive or keep the entire fee from a player transfer, and instead a number of a

Increases in Tax Burden Predicted as UK Tax Man Targets Family Offices

The Family Investment Companies Unit conducts risk reviews of private companies used by family offices and high net worth individuals to manage their wealth.

UN forms panel to help battle tax evasion, money laundering

The panelists will meet in regional consultations, convene experts and stakeholders from across all sectors and explore new analyses of the issues and solutions.

World’s richest pay millions in ‘mansion tax’ to protect their privacy

Overseas individuals who own UK property through companies often do so for privacy reasons, according to the law firm Boodle Hatfield, which analysed the data.

Antimoney laundering body to check Chinese millions

Several non-Chinese travelers, who arrived in the country from Singapore, declared they carried more than $25 million during the same period—from Dec. 17, 2019, to Feb. 12.

Swiss watchdog to probe Julius Baer employees on money-laundering oversight

FINMA declined to comment on specific individuals or give a time-scale for how long its investigation may last.

Switzerland hands down first Petrobras conviction

Swiss prosecutors have opened some 60 criminal proceedingsexternal link, including two probes against Swiss financial institutions.

Missing millions are no excuse for failing to account...

In early 2019 the beneficiaries formally requested from the executors information concerning the assets in the estate and an account of how the executors had been dealing with them.

Property tycoon who lost £3,000,000,000 fortune changed name to hide rape conviction

However, he reverted to his birth name of Simon on his passport in 2003.

OECD Shares Tech Tools To Boost Tax Compliance, Data Swaps

In light of the ongoing implementation of TRACE by Finland and the interest of other jurisdictions to follow suit

Corporate Crime update - Herbert Smith Freehills

Our update now covers a number of jurisdictions.

Should family offices be worried about HMRC’s new secret unit? by Chris Etherington

More than ever before, tax changes in the Budget will not simply be of national concern

Oil Is Now More Volatile Than Bitcoin

Bitcoin and most cryptocurrencies are synonymous with extreme bouts of volatility.

The Cayman Islands has been added to the EU Blacklist. What Now?

EU Member States have been encouraged to apply additional administrative measures regarding structures or transactions with jurisdictions on the EU blacklist.

The World’s Biggest Tax Haven Lurked Behind A Dos Santos Penthouse

As scrutiny of her business empire increased, African billionaire Isabel dos Santos turned to one of the world’s most secretive tax havens to conceal a $1.8 million luxury apartment.

Global Biglaw Firm To Launch Worldwide Cannabis Law Practice

DLA Piper has also been advising on the changing regulatory environment across the globe, helping clients understand different legislative regimes by providing a regulatory snapshot of the changing landscape.

How CCO Reasonable Prevention Procedures Can Help You Mitigate DAC6 Penalties

DAC6 non-compliance by itself will not necessarily increase the likelihood of a CCO investigation.

Legal,Regulation,Tax & Compliance