Managers of Wealth

The great American tax haven: why the super-rich love South Dakota

It’s known for being the home of Mount Rushmore – and not much else.

Jersey cited in guide on best practice for Beneficial Ownership registers

The report acknowledges that countries find it challenging to achieve satisfactory levels of transparency on the beneficial ownership of companies.

Pubs, Privilege and Improper Purposes

Shell argued that both the conversation in the pub and the email were subject to legal professional privilege and could not be relied upon by Mr Curless.

Jersey: Fit for the future

The collective strength of Jersey’s legal profession – its skills, its responsiveness, its tenacity, its expertise and its experience – cannot be underestimated.

Green Finance for a Sustainable World" - Keynote Speech by Mr Ong Ye Kung

The emphasis is no longer quite so much on the speed of the journey, but on the experience of the journey itself, and people are now travelling across borders in style and easily moving their collections from one residence to another.

Fearing capital flight, Hong Kong eyes tax breaks for the rich

Territory's $1.5 trillion wealth industry lobbies for help amid the protests

British-Era Indian Accounts Lying Dormant in Swiss Bank, No Claim For Crores

India is among 75 countries with which Switzerland's Federal Tax Administration has exchanged information on financial accounts within the framework of global standards on AEOI .

High Court claims by failed UK tax avoidance scheme users struck out

"Parliament has laid down an exclusive appeal process and time limits for invoking it.

Scarred by Malta, Latvia and Cyprus, bigger EU states push for money laundering supervisor

The need for an EU supervisor emerged after repeated failures by national watchdogs at spotting and countering money laundering, the statement said.

‘Sexism and data theft’ at top wealth manager

The whistleblower, who does not want to be named, also alleges potential criminal behaviour.

Vistra Completes Rebrand of London Legalisation Services

Harnessing our local expertise and global reach across 45 jurisdictions, we believe we are well positioned to create further opportunities for clients and prospects locally and abroad.

UBS Fined by Hong Kong for a Decade of Overcharging Clients

To hide the charges, UBS sometimes falsified account statements

Bankers in $220 Billion Scandal Offered Gold to Hide Client Cash

Danske Bank, which is being investigated across Europe and in the U.S. after failing to screen about $220 billion that gushed through its non-resident unit in Estonia from 2007 to 2015

New report: Conquering the complexity of local and global compliance

The Global Business Complexity Index 2019

Greece to offer tax incentives in bid to attract wealthy foreigners

The tax incentive will run for a duration of up to 15-years and will include the benefit of no inheritance tax for assets outside Greece," a senior government official told Reuters.

HSBC Warned Twice by Bank of England on Conduct Risk Control

Communications between individual banks and the BOE are rarely made public and it’s not known whether the regulator has recommended any specific remedies to HSBC.

Switzerland overhauls trust sector with new rules

Switzerland will introduce a new regulatory system for the trust sector in January 2020, marking the "beginning of a new era" for trustees active on Swiss soil.

Conservative tax policies – what can you expect?

The Chancellor, Sajid Javid, himself a professed ‘low-tax guy’, has been considering a bit of a tax shake-up too.

HMRC nudge letter guidance

The early adopters of the CRS agreed to exchange information for the calendar year 2016 by September 2017 and the later adopters who agreed to exchange information for 2017 will have done so in September 2018.

China, Hong Kong to Establish Wealth Management Connect Scheme

The HKMA will work with Mainland authorities and the industry to formulate the implementation details of the new scheme, with a view to launching it “as soon as practicable”.

Legal,Regulation,Tax & Compliance