Managers of Wealth

Monterey confirms Mourant has dominated the legal funds sector for 20 years

The annual Monterey Report is based upon the Jersey Financial Services Commission's list of regulated schemes as at 30 June 2019.

Accuro Winner of the Who’s Who Legal Switzerland Awards

The fact that we have won this award for the second year running shows the consistency and quality of our services and further demonstrates Accuro’s leading position in the Swiss market.

Hundreds of millions of pounds in dormant assets could be seized under plans to expand charity scheme

Since the launch of the dormant assets scheme in 2011, 30 firms have voluntarily transferred dormant funds into it.

How Standard Chartered is leading the war on wildlife crime

For Standard Chartered’s Southern Africa CEO Jerry Kweku Bedu-Addo, fighting wildlife crime is now part of the day job.

Portugal Golden Visa Program For CEOs, CFOs, And Business Investors

After five years of legal residency in Portugal, it is possible to apply for Portuguese citizenship.

GFSC signs MoUs with two financial services regulators

The MoU with the Croatian Financial Services Supervisory Agency has been signed in the spirit of mutual cooperation and information exchange

Finma penalises Julius Baer for money laundering

Julius Baer took note of Finma's announcement regarding the closure of the proceedings in the FIFA/PDVSA case and acknowledges in principle the conclusions regarding shortcomings in the fight against money laundering.

BVI Joins EU Whitelist

On 18 February 2020, the Economic and Financial Affairs Council announced that the British Virgin Islands has moved to the ‘whitelist’, indicating that the BVI is now in line with tax governance and transparency standards prescribed by the EU.

English Pre-Pack Appeal Changes the Game for Directors – Perspectives from Insolvency Lawyers in Jersey, Guernsey and Ireland

The judge ruled that a company director’s purchase of residential property from the company’s administrator at a “significant undervalue” had not been in the interests of creditors.

How will Italy's Digital Services Tax impact tech giants' bottom line?

The aim is to tax businesses which traditionally paid low amounts of tax in foreign countries they operated in, those being: search engines, social networks and online marketplaces.

Bahamas Removed from EU blacklist

The decision acknowledges that The Bahamas has implemented all the necessary reform to address concerns regarding economic substance, removal of preferential exemptions and automatic exchange of tax information.

The Changing Landscape of Litigation Funding in the Cayman Islands

In the Cayman Islands, the courts recognise that the common law must evolve to meet the needs of society.

Luxembourg update: Context of Brexit

During this transition period, EU laws and regulations will continue to apply in the UK and UK entities can continue to work in Luxembourg on the basis of their passporting rights.

Developments in Private Wealth and Estate Planning for People’s Republic of China Citizens and Residents

More than 80% of family enterprises in China are still controlled by the first generation of wealth creators and a massive transfer of assets to the second generation is just getting started.

Reflection and inflection: the past and present of regulatory change

For the financial industry and for regulation, the past 10 years have been similar to changing the tyres on a moving car.

English High Court Confirms Status of Cryptoassets as Property

The Applicant applied for an interim proprietary injunction over the Bitcoins that remained in the cryptocurrency exchange account.

MAS Issues Guidance on Investment Suitability, Pricing in Private Banking

MAS expects financial institutions to benchmark themselves against the desired outcomes set out in the paper

Despite Appeals Win,Google Agrees to EUR 1B Settlement to Avoid Criminal Prosecution

The controversy began several years ago with the search and seizure of Google France’s premises.

Barclays Boss Jes Staley Probed By Britain’s Financial Watchdogs Over Links To Jeffrey Epstein

The investigation is actually focused on transparency and whether I was transparent with and open with the bank, and with the board, with respect to my relationship with Jeffrey Epstein.

Penalties, remediation, and our General Principles

Speech by Mark Steward, FCA Executive Director of Enforcement and Market Oversight, delivered at the City & Financial Global Ltd event, London.

Legal,Regulation,Tax & Compliance