Managers of Wealth

BA fined over computer theft of passenger data

Companies can be fined up to four percent of annual global turnover for breaching EU data protection rules.

SA's super rich taking their wealth overseas ASAP - immigration expert

Sable has seen a 70% increase in enquiries and 45% increase in clients over the past year.

Chinese wealth manager alleges 3.4 billion yuan fraud at Camsing

Camsing, a conglomerate with businesses spanning entertainment and health care, saw its stock plunge 80 per cent in Hong Kong on Monday after the company said its chairman Lo Ching was being held in criminal custody by the Shanghai police.

Beneficial ownership registers are working in Guernsey

Guernsey and the other two Crown Dependencies were highlighted for best practice in ensuring their registers remain up to date.

Gang makes a fortune exploiting luxury flats of the rich

Landlords have uncovered a scam in which fraudsters rent their flats and then let them to tourists. Evicting them takes months

Benvenuto! Why the number of high-net-worth individuals applying for Italian residency may spike

The country’s touting the fact that there’s no minimum investment requirement

Amazon founder Bezos' divorce final with $38 billion settlement: report

The couple announced their plan to divorce in a joint Twitter statement in January, causing some to worry that Jeff Bezos could wind up with reduced Amazon voting power or that he or MacKenzie would liquidate large position.

Call for inheritance tax shake-up

Possible reforms include changes to the gift allowance but not the tax on your home

Eccentric US millionaire McAfee plans presidential run ... from Cuba

McAfee's immediate goal is to win the presidential nomination of the Libertarian Party, which advocates for free trade and a sharply reduced federal government

2019 Transition Monaco Forum: shifting towards sustainability is a reality not a utopia anymore

On those grounds, the second Transition Forum held at Fairmont Hotel from the 26th until the 27th June 2019

France is Going to Change Key Wine Regulations

Now as per new regulation these stickers will not be valid on wine bottles for exportation purposes.

Jeffrey Epstein charged with sex trafficking, reports say

US billionaire will reportedly appear before a federal magistrate on Monday

Why City bankers don’t rat out financial crime

There is a fundamental reason why what works on Wall Street would fall flat in the City: the size of the carrot and the size of the stick

Billionaire Owner of Private V.I. Island Arrested in New Jersey

An indictment detailing allegations leading to the arrest are expected to be unsealed Monday as well, according to press reports.

Monaco and the USA are negotiating agreement for exchange of country-by-country reports

The country-by-country reporting scheme was established by countries in 2015 as a result of the OECD/G20 base erosion profit shifting plan.

Increased scrutiny over tax planning makes it necessary for clients to pursue high-quality wealth planning advice

Often, clients assume that trusts are only available to high-net-worth individuals, as they are too expensive to establish and maintain.

FATF Terrorist Financing Risk Assessment Guidance

The FATF Recommendations are recognised as the global anti-money laundering and counter-terrorist financing standard

Inside the Luxembourg free port storing riches for the super-wealthy

One of those zones, and a potential model for the UK’s post-Brexit future, can be found at the end of a motorway, in a warehouse backing on to Luxembourg airport.

Qatar financial regulator fines and bans directors of Guardian Wealth

The action taken by the Regulatory Authority emphasises the standards required of directors of authorised firms to ensure effective governance standards, systems and controls.

Taxing the wealthy

Taxes beyond a point can be counterproductive

Legal,Regulation,Tax & Compliance