Managers of Wealth

UK HMRC Increases Focus on Combatting Tax Evasion

In March 2019 HMRC published the outcome of an IPSOS poll of more than 1,000 businesses

Disputes with the taxman surge 40%

The company claims the rise is due to the taxman having access to more data about individuals.

Freshfields scrutinised over review of UBS rape allegation

Solicitors’ regulator opens file on whether law firm was transparent about bank relations

Chinese Investors Look to Greece for Controversial ‘Golden Visas’: Report

Nearly 60 percent of the visas granted since January 2018 have gone to Chinese investors, while visas granted to Turkish investors have also risen sharply over that period, the New Zealand-based media outlet reported.

FSB publishes directory of crypto-assets regulators

The FSB also conducts outreach with approximately 70 other jurisdictions through its six Regional Consultative Groups.

The impact of China’s new Foreign Investment Law

This bulletin analyses some of the open questions.

JFSC proposes fee changes for registry services

The JFSC last increased registry fees in 2017 and, prior to that, charges had not been increased for 13 years.

Fraudsters jailed for duping wine investors out of nearly £1m

The five men operated three fake companies

New Lessons from the Barclays Whistleblowing Case

Under the terms of the enforcement action, designated “whistleblower champions,” approved by UK regulators as senior managers, must personally attest each year to the soundness of the bank’s whistleblowing systems and controls.

Exclusive Jurisdiction Clauses – Are They Really Exclusive?

One thing has been made abundantly clear from this decision.

UK's wealthiest paying half IHT rate of smaller estates - Canada Life

'Deep inconsistencies'

Fighting fraud and corruption in a shrinking world, by Lisa Osofsky

The SFO’s remit is to investigate and prosecute the most difficult kinds of fraud and corruption.

Outlook for 2019: cross-border M&A and post-merger integration

Unfeasible expectations can dampen or even derail the transaction.

Malaysia to sell yacht at center of 1MDB scandal for $126M

Genting will pay up by end of April, making it the “highest recovery to date” for the government from the scandal, he said in a statement.

Quilter to buy 400 adviser-strong Lighthouse Group for £42m

Lighthouse, and Quilter’s advice business, Intrinsic, are highly complementary in structure and focus on delivering good customer outcomes.

Carey Olsen support Apse Capital on latest Guernsey Private Investment Fund launch

The Carey Olsen team advising on the launch was led by partner Christopher Anderson, assisted by senior associate Matt Brehaut.

Further Details Emerge in Pictet Fraud Case

The man suspected of the scam is believed by the bank and authorities to have skimmed a low single-digit million Swiss franc figure from accounts linked to the bank, both of the persons said.

Why Aren’t Hedge Funds Required to Fight Money Laundering?

The push to regulate hedge funds and similar investment firms took off after the Sept. 11 attacks, when Congress passed the Patriot Act.

Fake German heiress laughs with her attorney during her fraud trial as it's revealed a married banker 'sent her dozens of flirty texts'

During the 28-year-old's trial on Monday, her defense attorneys told the court that a banker at the private equity fund Fortress sent Sorokin 158 texts when she was trying to secure the loan.

Between a Legal "Rock" and a "Compliance Hard Place"?

ICO fines Grove Pension Solutions Ltd (Grove) £40,000 for sending almost 2million spam emails

Legal,Regulation,Tax & Compliance