Managers of Wealth

Thousands of charities to be hit with a new layer of anti-money laundering regulation

There are various rights of access to data, including anyone demonstrating they have a legitimate interest in accessing it.

Finma adds 19 firms to warning list

The latest companies to offer insufficient or falsified information to the regulator.

Former HSBC banker cleared in €1.6bn tax fraud case

The investigation has seen HSBC pay out €300m to resolve allegations, while Elmaleh's former boss, the Swiss bank's chief executive, pleaded guilty to similar charges and being handed a fine of €0.5m.

What should the top priority for companies with offshore entities be right now?

This is why we encourage our clients to ensure that they are fully compliant with the new substance requirements before taking any next steps.

SEC obtains emergency asset freeze and charges hedge fund CEO with USD100m fraud

The complaint alleges that Smith, and the entities she controls, also disseminated false statements touting positive returns and most recently fabricated documents in an attempt to inflate Broad Reach's assets and lull her investors into believing th

Can a wealth tax bridge Germany's divide between rich and poor?

Germany's Social Democrats are calling for nationwide wealth tax. Why is the idea gaining momentum, and is it the answer to bridging the growing gap between rich and poor?

Fake-branded bars slip dirty gold into world markets

Fake gold bars - blocks of cheaper metal plated with gold - are relatively common in the gold industry and often easy to detect.

A Bitcoin first? Stewarts obtains asset preservation order over cryptocurrency

Using the services of Chainalysis (a blockchain investigations firm), it was quickly established that 80 Bitcoin had been sent to a wallet held at Coinbase UK Ltd, the UK arm of San Francisco-based Coinbase, one of the world’s leading cryptocurrency

British citizens born in US risk having UK bank accounts frozen

Britons who left US as children being chased by their banks for a US tax ID they do not have

Finma lays out new AML guidelines for blockchain

It also said that its standards are stricter than those laid out in June by the Financial Action Task Force.

SMCR: A new era for international compliance

All of this puts current international heads of compliance in an interesting position. Accept responsibility they can't realistically adopt (or don't want to) - or hand over the head of compliance title to someone who will, or who feels they ca

How diamond tycoon Beny Steinmetz lost his shine ‘in difficult places’

Davis’s optimism may have been misplaced: the controversy has not been laid to rest.

Why Art-World Employment Agreements Are Under Increasing Scrutiny

Recent art industry employment lawsuits

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

Legal,Regulation,Tax & Compliance