Managers of Wealth

Trouble in paradise: Family, feuds and fraud in Jersey

The wealthy Dick family are set for a court battle that could shine an unwelcome light on the world of offshore trusts

JPMorgan Trading Platform for Rich Clients Froze During Rout

The system was overwhelmed by unprecedented volume, one person said.

Esma puts new leash on shorting in response to Coronavirus

ESMA considers that the current circumstances constitute a serious threat to market confidence in the EU, and that the proposed measure is appropriate and proportionate to address the current threat level to EU financial markets.

Swiss Banks Mull $20 Billion Crisis Fund

Credit Suisse boss Thomas Gottstein suggested the idea of a small business fund of at least $20 billion for bridge financing.

Biglaw Firm Institutes Mandatory Work-From-Home Policy To Protect Personnel From Coronavirus

When will other firms come to their senses and offer work-from-home solutions like this?

Overriding legal professional privilege - The iniquity exception

Legal professional privilege acts as an exception to the general disclosure and inspection rule. It has two parts - legal advice privilege and litigation privilege.

Swiss lawyers seek to keep special ‘advisor’ status in the shadow economy

The funds of the Cali and Medellin Cartels were traced repeatedly to reputed banking institutions in Switzerland.

Australian Tax Office cracks down on wealthy tax dodgers

ATO research shows a number of high wealth private groups are deliberately engaging in risky behaviour, including "seeking to engage in artificial and non-commercial arrangements that are intentionally designed to avoid paying tax".

Listing: It Isn't Only Buildings

The case highlights the fact that, in addition to buildings, a variety of structures and objects have been protected by being listed under the Planning (Listed Buildings and Conservation Areas) Act 1990.

ATO to focus attention on wealthy cheats

To ensure compliance at the top end, from July 1 the ATO will expand the work of the Tax Avoidance Taskforce and introduce a new program focusing on high wealth private groups.

A near record year for money laundering: Banks hit with $10 billion in fines

One remarkable finding in the report is that, despite a spate of new data privacy laws, they resulted in almost no fines.

Exporting regulatory competence: the double dividend for IFCs by Mourant

Financial crises tend to be the stimulus for regulatory change, and since the crash of 2009, the pace of change in international regulation has been impressive.

HMRC warns against coronavirus email scam

Other scam calls may offer a tax refund and request you to provide your bank or credit card information.

Tardy price disclosures a risk to watch in private banking chase

In the 31-page report, the regulator detailed observations from thematic inspections of unidentified private banks in Singapore, and set out supervisory expectations.

HMRC'S New Family Investment Companies Team: How Family Offices and Ultra-Wealthy Individuals can Protect Themselves

That will be a Potentially Exempt Transfer for IHT purposes and, provided the parents survive for more than seven years, the PET will fall out of their estates for IHT.

A new standard for payments

For decades, the formats supporting high value and cross-border payments have been fractured.

Coronavirus: Bank of England makes emergency interest rate cut

The MPC votes unanimously to slash the rate by 50 basis points from 0.75% to 0.25%

Has complacency been replaced by volatility?

Investment Managers tend not to moonlight as epidemiologists and therefore look to history as a guide to the likely impact.

Disruption spreads as City banks close offices

Standard Life Aberdeen is planning to divide its British and American investment teams into separate working groups.

Credit Suisse: Top Lawyer to Look Into Spygate

Werlen has been involved in several high-profile cases in his career, according to a report by Swiss business magazin «Bilanz».

Legal,Regulation,Tax & Compliance