Managers of Wealth

FCA tells advisers to work from home

This statement applies to all FCA-regulated firms across the UK, including in Scotland, Wales and Northern Ireland.

Juan Carlos and the Account at Mirabaud

The bank thought this to be true for four years, until Juan Carlos took $65 million and allegedly sent it to Corinna Larsen, a Monaco-based businesswoman who is said to be either a close friend or ex-lover of Juan Carlos.

Italy Wants Account Details of Credit Suisse Clients

The Italians are looking for information on accounts of Italian citizens at Credit Suisse, which they suspect of having failed to fulfill their tax obligations in their home country.

RollOnFriday calls for hiatus on pay and job cuts as Fieldfisher and more take savage measures

The board of Knights is taking a 30% pay cut, although the nobility of their sacrifice is debatable given that an interim dividend of 1.1p per share was declared last week which showered them all in cash.

Coronavirus: Federal Council approves deactivation of countercyclical capital buffer

This measure will give banks more flexibility in their lending activities

The impact of coronavirus on arbitration: the options

Virtual hearings will not be a panacea in every case, however they may be a viable option for parties who might otherwise be faced with an extended period of financial uncertainty.

Cayman Islands: Record-Keeping Obligations of Trustees

The Amendment and the Regulations apply to trustees of Cayman Islands trusts wherever the trustee is located.

Wealthy non-doms saved from Covid-19 tax traps as HMRC relaxes its rules

Non-doms can now stay in Britain longer than normal before tax bills are triggered

Law firm revenues set for 'single-digit drop'?

Vahid added that firms “all expect collections to slow down, period”.

Close friend of Spain’s emeritus king transferred $39 million from “donation” to a US bank

A request for judicial cooperation sent by Swiss prosecutors to a Spanish judge reveals multiple payments to Corinna Larsen, who used part of the money to purchase real estate

Joint statement by the FCA, FRC and PRA

Successful and sustainable businesses underpin our economy and society by providing employment and creating prosperity.

London City Airport to suspend all commercial and private flights

British Airways, which operates the majority of flights from London City, suspended all its services there on Monday.

Wall Street Bonuses Could Fall 40% This Year in ‘Perfect Storm’

“This is a shock to the system that you see about every 10 years.”

The Board proposes a postponement to the formal dividend resolution

The Board has therefore arrived at the conclusion that the proposed dividend amount will in no way jeopardise the Bank’s ability to support its customers through financing, in spite of the challenging circumstances.

The Nomination Committee proposes unchanged Board fees

All other proposals from the Nomination Committee to the annual general meeting remain as presented.

UBS Trial: Accusations of Backroom Dealing

The details of this proposal seem fairly intricate, but the court, in essence, seems to favor a cancellation of the core allegation of abetting tax avoidance.

Focus Financial Sues Executive Who Jumped to Hightower

Holsopple, who the suit says falsely represented that he was not joining a direct competitor when he unexpectedly resigned and who was subsequently sent a cease-and-desist letter, did not respond to a request for comment.

LEBC calls upon HMRC to extend 2019-20 Tax Year and to help savers in wake of COVID-19 crisis

As with so many businesses, LEBC has closed its offices and switched its staff to home working.

Holding the Line on Ultimate Beneficial Ownership

To address the challenges many jurisdictions experience in trying to ensure ownership transparency, last October the FATF released a best practice paper offering guidance on measures countries should consider to facilitate access to beneficial ownership a

Law Firms Conduct Layoffs, Slash Salaries In Response To Pandemic

We sympathize with anyone who has to deal with the anxiety of a global health crisis AND financial insecurity.

Legal,Regulation,Tax & Compliance