Managers of Wealth

With Tax Reform, Wealthy Clients Should Update Estate Plans

Trusts and wills use “formula” clauses tied to the exemption amount – clauses that can quickly become outdated.

Richest Hong Kong Family Asks Government to Help City Hotels

Kwok was speaking at the launch of Alva Hotel by Royal

ESAs publish joint guidelines on AML/CFT cooperation and information exchange under MLD4

The Guidelines also include provisions to structure supervisory cooperation in situations where the conditions for setting up an AML/CFT college are not met.

CSSF guidance on persons involved in AML/CFT for Luxembourg regulated funds and investment fund managers

This article of the law requires the appointment of two AML/CFT functions

The £4bn OneCoin scam: how crypto-queen Dr Ruja Ignatova duped ordinary people out of billions — then went missing

She was the glitzy business guru who wooed a million people worldwide to invest in the “new bitcoin”.

Smith & Williamson delivers positive first half performance

The first six months of the financial year have seen strong revenue growth across most of our business lines, accompanied by further strategic investment in our core systems.

Oligarch defends castle against Russia

The owner of a £5m Perthshire mansion claims efforts to seize his assets are ‘abusive’

Tax fraudsters to pay £20m over fake eco-investments

The taxman expects the men may have to cash in pensions and sell properties in both the UK and Dubai to settle the tax bills.

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.

Legal,Regulation,Tax & Compliance