Managers of Wealth

‘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?

FCA reveals findings from first cryptoassets consumer research

The research includes qualitative interviews with UK consumers and a national survey.

China tightens rules on wealth management, boosting prospects for foreign banks

With the market moving towards more regulated environment, onshore business is going to be the most important pie.

Our private jet operator may be scamming you

Some fraud attempts are almost comical.

UK renews golden visa crackdown

The government has announced changes to the Immigration Rules.

ESMA’s priorities for the asset management community

The report is at the centre of ESMA’s investor protection mandate: the objective of investors is to increase the value of their investments and costs are a key factor affecting the achievement of that objective.

Chief Ministers reject Channel Islands' 'tax haven' label

Guernsey's Chief Minister accused UK politicians of "hypocrisy" and said the UK is the "biggest tax haven" for rich people.

Legal,Regulation,Tax & Compliance