Managers of Wealth

Cross-border transactions face EU anti-money laundering overhaul

Attempting to stop the movement of illicit funds across international borders is one of the new text’s priorities

How a fake Saudi Prince conned investors out of nearly $8 millionu

Khalid regularly drove around the luxury enclave in a 2016 Ferrari California (with a base price of roughly $200,000) sporting diplomatic license plates and a security detail.

Carlos Ghosn-linked banks include Swiss Julius Baer: report

Interpol has since issued a Red Notice requesting his arrest, according to Japanese Justice Minister Masako Mori.

Shareholders Unsuccessful in First Class Action Against Directors

The judgment concerns the recommendation made by directors to shareholders, and disclosure of information ahead of a shareholder vote approving the acquisition.

Tax breaks tempt wealthy Norwegians to Arctic islands

The local council hopes to attract some of Norway’s ultra-wealthy at a time when falling oil prices mean that many in the rich, highly taxed nation are starting to tighten their belts.

Russian art collecting couple arrested in Belgium

The lawyer Geert Lenssens says he brought the criminal complaint of behalf of his clients.

CEO impersonation fraud: can an employee be liable for their negligent actions?

Peebles argued that the employee should, through use of common sense, have been able to spot the risk of fraud in the transactions she was being asked to process.

Recent Amendments to the Regulation of Trust Business in Bermuda

All trustees conducting trust business in Bermuda are required to be licensed by the Bermuda Monetary Authority

Deloitte partner to pay £125k after losing dismissal challenge

He is represented by Jonathan Cohen QC and Alexander Robson from Littleton Chambers, instructed by Farrer & Co.

Wealth firm faces restrictions on conflict of interest concerns

Wealth manager Dolfin faces restrictions on how it invests funds deposited by tier one visa clients after it was accused of steering purchases to businesses related to directors.

Ready or Not, New UK Anti-Money Laundering Regulations Hit UK Art Sector from 10 January 2020

The newRegulations now take effect from 10 January 2020 and have major consequences for art market practices.

Black money probe: Tax haven trusts come under scanner for Swiss bank accounts

Several individuals who are suspected to have moved abroad after evading taxes back in India are being probed and their banking details are in the process of being shared by the Swiss authorities with their Indian counterparts

Swiss bank penalized for undisclosed US accounts

The department imposed a total of more than $1.36 billion in Swiss Bank Program penalties.

Bank of England to set new climate tests for UK banks

Drastic global changes could create damage to property, infrastructure and farmland, disrupt business supply chains and in an extreme case lead to mass migration and death.

Busted! HMRC reveals biggest criminal cases of year 2019

This year’s list once again shows the lengths some people will go to steal money destined to support important public services.

Swiss Firm in Panama Papers Charged in Transatlantic Stock Scam

Firm, executives accused of enabling microcap ‘pump-and-dumps’

UK has one of the worst inheritance tax regimes in the world

Individuals in the UK pay more than double the inheritance tax of the European average.

7 Rules For Wealth: #1 The Zen Fund

The biggest mistake people make with their money is in how they invest it.

The Costs of Compliance – Expectations for Bending the Cost Curve

A Financial Crime/AML and Compliance Risk Management Leader and Advisor in Banking and Financial Services for more than four decades

APAC Wealth Migration Trends Heighten Financial Crime Risk

Hong Kong: a decline in regional dominance?

Legal,Regulation,Tax & Compliance