Managers of Wealth

New £1.5billion fine threat for Standard Chartered over Iran link after a civil case is filed by whistleblowers

Bank could face a new £1.5bn fine for breaking US sanctions against Iran

Crown Dependencies release joint guidance on economic substance legislation

This guidance substantially builds on the initial key aspects guidance issued by the Crown Dependencies, which was updated on 21 December 2018.

Implications of the BVI Economic Substance Act

Pre-existing entities which are in existence on 1 January 2019 will need to demonstrate economic substance requirements no later than 30 June 2019 and meet reporting obligations within one year of that date.

Allen & Overy named a top employer for women in the UK

The list is produced in partnership with Business in the Community and recognises UK employers that are making gender equality a key part of their business strategy

At marathon news conference, Macron launches fight back with tax cuts

He apologised - not for the first time - for his sometimes sharp tongue and cutting comments, which have earned him a reputation for arrogance and contributed to a deep slump in his popularity ratings, which are showing some signs of recovery.

GAM under fresh criticism over pay policies despite overhaul

Institutional Shareholder Services voicing new concerns

RSM's Weekly Tax Brief

We cover the latest developments.

The Siam Commercial Bank and Julius Baer launch strategic wealth management joint venture

Julius Baer’s international expertise and SCB’s on-the-ground experience form the foundation of these training and development programmes.

Innovative Guernsey songs fund beats £100 million fundraising target

The placing was oversubscribed in record time and attracted approximately £141.5 million.

JFSC sets standard for international finance centre regulation

The JFSC was awarded the top two ratings for the ten areas that were assessed.

Competition Intensifies to Court Hamburg’s Old Money

Companies are also attracted by foundations based in Hamburg

Treasury Finally Gives Much-Anticipated Tax Shelter Guidance For Wealthy Investors

The newly-proposed rules translate into more clarity and more flexibility for investors in the Opportunity Zones

FCA warns on increase in wealth manager scams

The regulator said its would prioritise its work to 'prevent or reduce harm' in the sector over the coming year.

Rebrand of Jordans Group to Vistra Now Complete

With the inclusion of legal services through Vistra Corporate Law

Butterfield Streamlines Group Operations

The Bank also effected an early retirement scheme in Bermuda, under which retiring employees responsibilities will be reallocated within existing operations locally and internationally to foster improvements in operating efficiency.

Africa's Biggest Fund Manager Is Said to Court Banker for CEO

South Africa’s PIC is said to seek Kennedy Bungane as head

The interest of Monegasque residency in the context of international exchange of information

In maintaining this balance Monaco preserves its place as a privileged location in the heart of Europe.

Credit Suisse Notches Win Against Wells FA Who Alleged Fraud

The case appears to be the first in which Credit Suisse has prevailed against claims filed by dozens of its former U.S. brokers seeking to collect forfeited compensation or to walk away from promissory notes.

MEPs strengthen EU financial watchdogs

To ensure a uniform application of EU rules and promote a true Capital Markets Union

Protecting whistle-blowers: new EU-wide rules approved

Whistle-blowers will be able to choose between internal and external reporting

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