Managers of Wealth

The growing buzz around cannabis investment… and the unintended consequences

For Guernsey companies in particular, these developments present exciting new opportunities.

Awkward questions

Tax: a mulled whine?

Alan Shearer scores £100k payout from 'negligent' pension adviser

Former England and Newcastle football star Alan Shearer has scored a £100,000 pay out after a court ruled that his financial adviser had given him ‘negligent’ pensions advice.

UK banks accused of being 'involved in multi-billion pound Russian money-laundering scam'

The documents detail around 70,000 transactions, including 1,920 totalling nearly £600 million that went through UK banks and 373 through US banks, the newspaper said.

Jailed banker’s wife who spent £16m in Harrods attempts to overturn ‘McMafia’ wealth order

But Ms Hajiyeva, 56, is to argue her husband’s conviction – which she says was “the central feature” of the National Crime Agency’s application for the unexplained wealth order (UWO) – followed a “grossly unfair t

Art Dealer Wins Dismissal Of Charges In Fight With Russian Oligarch

Rybolovlev is still pursuing legal action against Bouvier in several other jurisdictions.

Wealth taxation on the rich is a good idea

Most of us do not have to worry about these taxes.

UBS Reveals Client Overcharging Claims in Asia

Despite the regulatory worries, Asia continues to be a primary growth driver for the bank, as evidenced by the latest figures.

Big Data is Transforming Investigations

nstead of examining trades occurring around the time of price movements in specific securities, the Commission identifies groups of individuals trading in a correlated manner.

FATF Executive Secretary David Lewis on preventing money laundering

As a task force with a global network of over 200 jurisdictions, the FATF enables a coordinated response to a global problem and it promotes partnership between the public and private sectors.

CAYLUX Fund Finance briefing

In this briefing we summarise why they are used and explain one way in which investment managers are using Cayman and Luxembourg fund vehicles together.

Art Forgery Is Easier Than Ever, and It's a Great Way to Launder Money

More and more rich people are buying art and stashing it in strange places. According to infamous scammers, it's not even close to legit.

Channel Islands: Year in Review

Global macro-economic uncertainty, regional political disruptions, economic substance rules, beneficial ownership registers, regulatory fines and that’s not the half of it!

Goodbye LIBOR, Hello SOFR By Katherine Pearce and Nick Nolan

With LIBOR ending, the LSTA has laid out several key considerations that accounting systems will need to address moving forward.

Private Client – December 2019

Finally, with the 31 January self-assessment tax return filing deadline approaching, we look at the available tax reliefs and allowances you may be able to claim before filing your tax return.

HSBC’s private Swiss bank fined over US tax evasion

The bank admitted that between 2000 and 2010, it conspired to defraud the US of taxes, commit tax evasion and file false federal tax returns.

Carey Olsen's Russell Clark named as one of the UK's 50 most influential private client advisers

He specialises in both contentious and non-contentious trust matters and advising private clients on succession and estate planning.

Swiss voters reject corporate tax overhaul

Switzerland has come underneath intense stress from G20 and OECD nations in recent times to wash up its tax system.

Danny Murphy loses £1m Coutts tax avoidance battle

It is the second time in just over a year that Murphy has lost a legal battle with Coutts.

Belgian lawyer guilty in 'Catch Me if You Can' Swiss money-laundering case

The three-judge tribunal also ordered confiscation of tens of millions found in accounts.

Legal,Regulation,Tax & Compliance