Managers of Wealth

Swiss regulator probes UBS Australia's $1.2b PNG loan

NG lost at least three times that amount as Oil Search shares fell sharply and the government was forced to sell out.

SJP charge under pressure as FCA consults on exit fee ban

The FCA has this morning announced it is consulting on a ban on platform exit fees

Swiss bank UBS sets aside €450m for French tax case

UBS appealing French court penalty decision to ‘correct the mistakes’ of a prior ruling

IEA says attacks on tax havens undermine competition and privacy

IEA release report on offshore financial centres

Making the case for Guernsey trusts and foundations in Asia – Ogier team heading to STEP Hong Kong event

The newly announced change in PRC personal tax regime, increase in the divorce rate and migration overseas have all increased this.

Bermuda companies and public information

Provided notice is given by way of an advertisement in an appointed newspaper, a Bermuda company may close the Register of Shareholders for any period not exceeding 30 days annually.

Australia's CBA halts demerger amid mortgage broker uncertainty

The halt comes ahead of a federal election expected in May which has cast doubt over the mortgage-broking business model, with the Labor opposition vowing to cap most broker commissions and ban certain others to remove conflicts of interest.

FBI accuses wealthy parents, including celebrities, in college-entrance bribery scheme

Of the 50 people charged in the FBI's Operation Varsity Blues, 33 were parents, officials said, warning that the investigation is ongoing and that others could be charged.

Wealthy CEOs and hedge-fund managers are flocking to Miami for the tax breaks, and it's creating massive waiting lists at the area's elite private schools

Several top private schools in the area told Business Insider that they've seen increased interest from families moving from these states.

Women in Finance Charter

The 'Women in Finance Charter' asks financial services firms to commit to implement 4 key industry actions.

Hong Kong's SFC fines UBS and suspends its licence for 12 months

The SFC has today also taken action against other joint sponsors involved in the listing applications of China Forestry and Tianhe.

SFC reprimands and fines Standard Chartered Securities $59.7 million for sponsor failures

The SFC also found that the records of the interviews were seriously inadequate.

UBS: France to Appeal Ruling

UBS was ordered to pay 4.5 billion euros ($5.1 billion) in fines and damages.

Bitcoin After Death: your digital inheritance: Part 2 - Estate planning tips

Unfortunately, there is no magic solution as the law in the UK has yet to catch up with the latest technological advances, especially in the world of cryptocurrencies.

Data protection and mythology in the charity sector - Withers

Charities have found their resources stretched more thinly as they try to comply.

Is it a Wonderful Life? by Charles Randell, FCA

Viewed from a distance, the big picture doesn’t look too bad.

EU reaffirms Guernsey as a co-operative Jurisdiction

ECOFIN's decision also follows a further commitment made by Guernsey in December 2018 to work with the EU on sharing beneficial ownership information, such as through an integrated platform.

Guernsey confirms continuity of UK market access for funds post-Brexit

GFSC Director-General William Mason signed the agreement with Andrew Bailey, CEO of the Financial Conduct Authority.

‘Dirty money’ and Unexplained Wealth Orders

Gherson, the law firm which is handling the first two UWOs confirmed that the validity of the first UWO is currently under challenge in the courts.

No Safe Havens 2019

HMRC’s strategy for offshore tax compliance.

Legal,Regulation,Tax & Compliance