Managers of Wealth

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.

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.

Legal,Regulation,Tax & Compliance