Managers of Wealth

CSSF’s eDesk portal available for the mandatory notification in the context of Brexit

Any date indicated in the Brexit Notification forms is based on the assumption of a no-deal Brexit occurring on 31 October 2019.

Galleon’s Rajaratnam Free From Prison After Almost Eight Years

Rajaratnam, 62, is a beneficiary of the 2018 First Step Act, which allows some federal inmates who are over 60 years old, or who face terminal illnesses, to serve the end of their sentences at home.

American expats launch residency-based taxation legislation campaign

The US tax system deems anyone with a connection to the States is a taxpayer even if they only lived in the country for a short time as a child.

India and Switzerland to share bank accounts data

Information on Indians with Swiss bank accounts will be disclosed for the first time

Luxembourg regulator issues Brexit notification to UK firms

Following the 15 September deadline, firms authorised under both Ucits and AIFM will then have until 31 October 2019 to submit to the CSSF either the corresponding application for authorisation, the corresponding notification or information or any action

Family office investments and Jersey Private Funds

Multi-family office co-investment structures might also be exempt, for example where the structure is essentially a joint venture between separate families.

Warren Says Wealth Tax Plan Isn’t a Cranky Idea: Campaign Update

At an event in Hampton Falls, New Hampshire, the Massachusetts senator gave her standard stump speech to a crowd of 800 people who stuck around despite heavy rain stayed even for her trademark selfie line.

The Anti-Money Laundering Picture in Jersey – 8,000 Steps in the Right Direction

Recent reports in the press suggest that, after a three year information gathering process, Lloyds Banking Group has frozen the accounts of approximately 8,000 clients in Jersey who failed to provide sufficient proof of their identity.

Report assesses 116 nations’ implementation of country-by-country reporting

The report assesses each countries’ domestic legal and administrative framework for CbC reporting; the exchange of information framework adopted; and the degree to which they meet standards on confidentiality, consistency, and appropriate use of the

Implementation of the new prospectus regime in Luxembourg

This new regime applies to prospectuses approved on or after 21 July 2019

China P2P crackdown ensnares billionaire property tycoon

Zendai Group founder Dai Zhikang surrenders to police after collapse of lending unit

US expats may see accounts frozen under Fatca

If they don’t give their tax identification number to the IRS by December

Money and private currencies: reflections on Libra

Speech by Yves Mersch, Member of the Executive Board of the ECB, at the ESCB Legal Conference, Frankfurt am Main

Swiss Financial Regulators Approves Bitcoin Banks operations with stringent guidelines

One of the challenges of organizations in the cryptographic money industry is finding a bank that consents to work with them and associate them with the conventional fiat financial process.

Length of UK Prison Terms for Money Launderers at Record High in 2018: Report

The Sentencing Council guidelines have been tougher in part because of their emphasis on the impact that financial crimes have on victims, including any related distress, inconvenience or monetary loss.

Spear’s 2019 top tax advisers unveiled — ‘The UK is a less welcoming place for HNWs’

‘The Revenue are being as belligerent as they’ve ever been,’ says Victor Dauppe, a new addition to our top ten tax accountants.

The Largest SEC Whistleblower Awards (2012-2019)

Since its inception, the SEC’s whistleblower program has led to over $2 billion in monetary sanctions against wrongdoers.

Enhancing Jersey's Philantrophic Wealth Structures

Jersey is a stable, tax neutral jurisdiction with a highly regarded regulatory regime, flexible and innovative legislation and experienced professionals making it an ideal jurisdiction for both charitable and philanthropic structures.

Major hoard of '£5m' Norman coins are early example of tax avoidance, British Museum says

The coins are likely to have been buried by a wealthy landowner in the years following the Battle of Hastings.

Corporate income taxation in the digital age: Africa in the Corporate Tax Haven Index 2019

The paper focuses on the nine African jurisdictions covered in the Corporate Tax Haven Index of 2019: Botswana, Gambia, Ghana, Kenya, Liberia, Mauritius, Tanzania, the Seychelles and South Africa.

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