Managers of Wealth

IRS Tells Cryptoinvestors: Find Your Data, a Calculator, and Good Lawyer

There are three versions of the same letter depending on how much dirt the IRS thinks it has on an investor.

Russian government poised to seize £4.5m Perthshire estate as Putin moves to claw back assets

The eight-bedroom baronial house is now part of a complex international web of property and business assets at the centre of attempts by Vladimir Putin’s regime to claw back interests linked to Mints.

Tidjane Thiam’s overhaul of Credit Suisse is paying off

A non-banker is reviving Switzerland’s second-biggest bank

Israeli tycoon faces trial in Switzerland on corruption charges

The prosecutor’s office said last week that the charges include the corruption of foreign officials and falsifying documents.

Global law firm's private client practice taken over

David Tait, Managing Partner for Clyde & Co Scotland said: "Gillespie Macandrew is an excellent fit for Nikki and her team and allows them to carry on providing high quality private client work for their clients."

Luxembourg: Draft law to implement ATAD 2 released

The draft law largely follows the wording of the ATAD 2, but also addresses concerns raised by the marketplace and provides useful additional clarifications and examples in the commentary.

UBS banker Scott Hapgood doesn’t think he’ll get a fair trial in Anguilla

The UBS financial adviser — set to stand trial for manslaughter on the tiny Caribbean island — has claimed that resort hand Kenny Mitchel, 27, showed up at his family’s room at the five-star Malliouhana hotel on April 13

ASIC wealth management investigations soar by 216%

Crennan, who is also the sponsoring commissioner for ASIC’s Office for Enforcement, said he hoped the use of regtech would lead to a fall in the number of ASIC enforcement actions

Warning over fraudsters targeting SVS clients

Now clients of SVS have been warned a fraudulent letter is circulating claiming to be from the company's special administrators.

Invesco faces £5m court battle with Dutch platform provider

Invesco and Dutch platform business Ohpen have been referred to mediation in a last ditch attempt to avert a £5 million law suit.

“Weeding out the competition” – an update on M&A activity in the cannabis sector

The Government of Canada announced that the production and sale of edible cannabis, cannabis extracts and cannabis topicals will be legal in Canada, as of October 17th, 2019.

Hong Kong Judge Orders Confiscation of Former UBS Exec's Bribes

Although Tu did not make a remark of “20 per cent” on the trade summaries, the client understood that he had to pay about $850,000 to Tu.

Groundbreaking Swiss Supreme Court Decision On tax Administrativeassistance—The End Of ‘Foreseeablerelevance'?

The judgment may well turn out to be a turning point in tax administrative assistance practice in Switzerland.

Rabobank to Stop Working with Football Clubs over Money Laundering Fears: Report

Rabobank refused to respond to the newspaper's questions about individual clubs.

Safe harbor: how Switzerland is presenting a safe harbor in the midst of geopolitical instability By Yusra Sarkar

‘Aside from blocking its shares from being traded directly in the European member states in an ongoing spat with the EU, Switzerland has remained relatively untouched by the political turmoil we’re seeing elsewhere in the world,’ says Ma

GDPR one year on: what have we learnt?

GDPR has not gone un-noticed outside Europe, with Brazil, Japan and India all introducing privacy legislation aligned to GDPR, and California became the first US state to introduce a general data privacy law with the California Consumer Privacy Act emergi

Legal,Regulation,Tax & Compliance