Managers of Wealth

Tax authorities present rich Belgians in Monaco with €100 million bill

The charge is not an easy one to prove

Ex-HSBC Banker Pleads Guilty in $1.8 Billion French Tax Case

The former HSBC executive also pleaded guilty to illegally approaching French residents to encourage them to shift funds to Switzerland during the period

Ogier in Cayman's "stellar" private wealth team praised in Citywealth Leaders List

Ogier's Cayman Islands practice partner, James Bergstrom, said: "Our private wealth team continues to go from strength to strength. We highly value such endorsements such as these from private and institutional clients."

The OECD Forum of Harmful Tax Practices grants 11 offshore jurisdictions ‘not harmful’ status

The overall intent was to create a ‘more even playing field’ between highly-attractive regimes and countries with more modest fiscal advantages.

HSBC cutting 4,000 jobs as CEO makes shock exit

Global headcount to go down by 2%; bank says it remains committed to Singapore ops

Another Swiss Bank Settles U.S. Tax

U.S. Tax Dispute: Five to Go

HSBC agrees to 300 million euro settlement of Belgian tax case - prosecutors

The prosecutors also said that the bank had made and committed to a significant overhaul of its practices to counter financial crime risks following the allegations.

Jersey - Separate Limited Partnerships and Incorporated Limited Partnerships

Following extensive consultation with industry, a demand for two models was identified, which crystallised into two laws being enacted in 2011

SFC bans former UBS director for life

The case was referred to the SFC by the Hong Kong Monetary Authority (HKMA).

Carey Olsen advises on £47.6 million sale of IFC 5 in Jersey

The Carey Olsen cross-practice team for the IFC 5 sale was led by partner Alex Ohlsson

Finma adds six firms to warning list

Here are the latest additions to Finma's warning list.

Wealth manager struck by golf cart at posh club to get $3.65M

The jury verdict awarded $1 million in damages for pain and suffering, $150,000 for future medical expenses and $2.5 million for the economic wage losses.

Nebraska sues Hilton over hotel 'Resort Fees'

This new lawsuit is particularly significant because it was filed just two weeks after the District of Columbia filed a similar suit against Marriott.

Is inheritance tax fair? Allowances, thresholds and reducing liabilities

Inheritance tax is also seen as unfair because the government is consistently increasing its revenue, while the thresholds for inheritance tax have been frozen for a decade.

Leading offshore law firm Shortlisted as Law Firm of the Year in Five Categories

Awards aim to highlight the excellence of advisers and managers in the private wealth sector in major international financial centres.

Appleby Sees Listing Deal Value Total Increase to a Record HK15.5 Billion in the First Half of 2019

Companies from the Cayman Islands and Bermuda currently make up more than 70% of all entities listed on the main board of the Hong Kong Stock Exchange, almost all of which also maintain British Virgin Islands entities as part of their group.

Suspicious Minds: Guernsey's Anti-Money Laundering Regime

The background of the matter concerned a request by the principle beneficiary of a discretionary trust, to terminate the trust.

New Economic Substance Regimes in the BVI, Cayman, Guernsey and Jersey receive OECD Support

These latest positive endorsements follow the introduction of new substance legislation by the relevant authorities in each of our jurisdictions last year. The review was carried out by the OECD Forum on Harmful Tax practices.

Ogier's private wealth team in Jersey continues to lead the market in new Chambers HNW Guide

The team's capabilities across both contentious and non-contentious matters are highlighted with an onshore interviewee observing that "they do a lot of private client work which is very interesting and high-value.

British art dealer jailed in US over £25 million fraud

Sammons pled guilty on July 2 to 15 counts of grand larceny and fraud

Legal,Regulation,Tax & Compliance