Managers of Wealth

Football added to EU money-laundering risk list

Freeports among concerns as Brussels admits weaknesses in fight against illegal flows

SEC Awards Half-Million Dollars to Overseas Whistleblower

Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action.

CYPRUS: Financial Action Task Force Guidance on Risk-based Approach for Trust and Company Service Providers

The Guidance is aimed at TCSP practitioners, countries and their competent authorities

FCA 'Dear CEO' letter

The letter sets out the FCA's view of the key risks of harm that such firms pose to their customers

BCBS and IOSCO extension

The Basel Committee and IOSCO expect that covered entities will act diligently to comply with the requirements

Conyers provides information on theft of documents from former Mauritius office

Venture Law immediately engaged a third-party data security company and launched an investigation to determine the scope of the issue.

European banks, states have serious dirty-money shortcomings- EU Commission

The review also included lenders that have been shut because of money-laundering issues

These 10 billionaires have all gone broke or declared bankruptcy — read the wild stories of how they lost their fortunes

Some of these billionaires have returned to prominence and are just as rich as they once were.

Trusts to be kept out of UK's new beneficial ownership register

The risk of criminals exploiting UK trusts to launder money is assessed to be low

Stronger protections for the environment move closer as landmark Bill takes shape

New measures to enhance wildlife, transform our waste system and improve the resilience of water supplies set out in Environment Bill policy statement.

UK government rejects call to put trusts in explicit scope of property ownership register

It claims that the draft Bill already captures circumstances in which an overseas entity is being used by a trust to hold land in the UK, in that the trustees of a trust, if exercising significant influence or control over the overseas entity, must provid

Pay at London’s ‘magic circle’ lawyers hits new record

Demand for advice on regulatory fallout from Brexit helps top firms

Ex-Credit Suisse Banker Admits Kickbacks in Mozambique Scam

Andrew Pearse among ex-bankers charged in $2 billion scandal

Gold worth £4m seized at Heathrow by officers investigating drugs cartel

The gold is now being treated as money laundering in an investigation by the Cayman Islands with the help of the NCA.

How Wealth Accumulators Can Use Trusts To Avoid State Income Tax

We now have a new social group -trustafarians- that is created by the forethought of previous generations putting their money in trust.

Dublin wealth adviser sues banker Rothschild

The Irish legal action lodged last week is the latest of several taken over commission that Dubliner Juerg von Geitz alleges he is owed for referrals of high net worth and, in some cases, high profile Irish clients

Economic substance laws: the private wealth context

Although the article refers specifically to Jersey, the comments are directly applicable to Guernsey and the general principles can also be applied in relation to BVI and Cayman structures (albeit with some different nuances).

Guernsey meets family office need for expertise and professionalism

“Jurisdictions like Guernsey, who can give a lot of support given their expertise in this sector, can become the main infrastructure for the family office,” she said.

Why US regulators are struggling to step up to regulate Facebook's Libra

Facebook, which is spearheading Libra’s development via a new subsidiary called “Calibra,” has also gathered a consortium of companies that will supposedly have equal commitments with Facebook

Ken Costa looks to Saudi Arabia for next big deal

Former Lazard banker with strong Gulf links is not ready to retire just yet

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