Managers of Wealth

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Has complacency been replaced by volatility?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».

Singaporean tycoon sues Concord Pacific president for $245 million

Oei and his companies, Hong Kong Expo Holdings Ltd. and Canadian Metropolitan Properties Corp., filed a notice of civil claim in BC Supreme Court on March 3

Deutsche Bank cleared Cyprus funds for businessman Jho Low

Lender acted as correspondent bank for Malaysian facing allegations over 1MDB scandal

Finma adds 11 firms to warning list

The latest companies to submit insufficient or falsified information to the regulator.

FCA CP on climate-related disclosures

The proposals set out in the Consultation Paper build upon the recommendations of the TCFD, an existing global standard.

The Grand Unifying Theory (and practice) of Macroprudential Policy by Mark Carney

The relative simplicity of the monetary policy objective and the relatively focused arsenal of monetary policymakers improve the likelihood that agents in the economy can understand the MPC’s reaction function and anticipate its actions, making its

ECB letter on COVID-19 contingency preparedness

These could be due to illness, the need to take care of relatives, or being unable to work from bank premises due to precautionary measures. Challenges could also arise due to constraints of key thirdparty outsourcers and suppliers to maintain critical pr

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