Managers of Wealth

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.

Jersey’s 1% tax band lures super‑rich

An ageing hotel near by has given way to a sprawling house for a multimillionaire French hedge fund boss.

Big banks including HSBC, Barclays and Bank of Ireland face £11bn bill for fuelling celebrity tax dodge schemes

In its annual report last month, HSBC admitted that the impact of legal claims against it, if successful, could be ‘significant’.

Why Hong Kong and Singapore should tax wealth more

Neither needs the money; both need to address rising inequality

Brexit fallout on UK finance intensifies: Think tank

New Financial identified 5,000 expected staff moves or local hires, a figure that is expected to rise in coming years.

UBS, StanChart agree to settle 2009 Hong Kong IPO misconduct case: regulator's counsel

StanChart and UBS banker Cen Tian were also scheduled to appeal against disciplinary action taken by the Securities and Futures Commission (SFC) over alleged misconduct during a 2009 IPO that the two banks sponsored, or led.

Georgina Rodriguez supports Cristiano Ronaldo as he faces trial for ‘£5.3 million tax fraud’

Prison sentences of two years or less for first-time offenders are normally suspended under Spanish law, meaning Ronaldo is not likely serve any time in prison.

Beware the powers of Unexplained Wealth Orders

Twelve months since UWOs were first made available to law enforcement, what initial assessment can be made of the Criminal Finance Act's efficacy?

Legal,Regulation,Tax & Compliance