Managers of Wealth

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.

Does Absolute Discretion Mean Absolute?

The Court ruled that the bank did not owe a Braganza duty to the borrower

Money laundering concerns justify Jersey intervention, say MPs

Backbenchers tackling Jersey, Guernsey and Isle of Man on grounds of national security

A binary future? How digitalisation might change banking by Andrea Enria

The world of finance is no exception; banks, too, face a binary future – one, they adapt; zero, they perish.

Comment: Taxing times for IHT

Naturally, high net-worth individuals (HNWIs) have baulked at the idea they might be adversely affected by the reforms.

UK’s fragmented anti-money laundering system needs re-ordering, warns Treasury Committee

The Government must ensure it does not bow to buccaneering deregulatory pressures and maintain its intentions to lead in the fight against economic crime.

Legal,Regulation,Tax & Compliance