Managers of Wealth

Bernie Sanders to propose significant wealth tax expansion

It’s estimated to generate about $2.2 trillion from the 588 billionaires in the country.

Ex-Falcon Legal Boss' Ban Lifted

To be sure, the court wrote that the executive, who oversaw a compliance team of roughly 20 people, knew that Falcon's anti-money laundering program was lacking in 1MDB transactions carried out by the bank.

Using Trust in Business to Drive Good Market Outcomes by Greg Medcraft, OECD

On a macro level, we know that trust in business took a dive during the financial crisis ten years ago, and still hasn’t fully recovered.

Who's Who Legal recognition for eight Carey Olsen funds lawyers

Nominees are selected based on independent survey work with general counsel and private practice lawyers worldwide.

Mozambique files case against Credit Suisse in London's High Court

The global investment bank declined to comment.

Fiduciary Management: Improvement Through Competition? by Gowling WLG

The CMA describes itself as the UK's primary competition and consumer authority, with responsibility for carrying out investigations into, among other things, regulated industries, and enforcing competition and consumer law.

Unexplained Wealth Orders ‘should be used outside of London for greater impact’

The real long term benefit of UWOs to the government may lie outside of London.

CPMI-IOSCO assessment concludes that Switzerland has generally implemented the PFMI

The report finds that Swiss regulations have generally implemented the PFMI

European Commission president Jean-Claude Juncker must close tax loopholes at Luxembourg freeport, MEP says

German politician Wolf Klinz describes the art storage facility as “high risk” for money laundering and tax evasion

Who's Who Legal Awards

Firm of the Year 2018: Hogan Lovells

Collas Crill wins Citywealth IFC Law Firm of the Year

Collas Crill was recognised for its outstanding achievements across eight key areas

Steven Gerrard sues HSBC for £100m over tax schemes

Rangers manager Steven Gerrard is taking legal action against his wealth manager following a crack down on tax avoidance schemes.

Lulu Group eyes for international market inks deal with Swiss real estate

Hailing from Kerala, Lulu Group's chairman is M.A. Yusuf Ali, who now operates out of the UAE.

Switzerland Nets Billions From Tax Evaders

In consequence, the Swiss state – federal, cantonal and local authorities taken together – received more than 3.8 billion francs in extra tax payments.

Crypto Crime Is Taking A Violent Turn

This case also signals a shift away from bitcoin, which has more robust crime fighting tools, towards alternate cryptocurrencies, where criminals have more than 1,600 cryptocurrencies to choose from.

JPMorgan Asset Management wins approval to sell HK funds in China

Regulatory green light is latest step towards opening up China’s financial markets

CFA Institute to oversee fiduciary manager performance standard

The right language could make a single standard applicable globally even if regulatory requirements varied geographically, he said.

Guernsey providing regulatory certainty on application of electronic CDD

Also at the seminar in London, lawyer Stephen Ozanne, Senior Associate at Walkers, provided a briefing on the impact and potential of the island’s recently-lodged ”smart contracts” and “electronic agents” legislation.

China makes concessions to expats in new tax law

According to a notice published by the State Administration of Taxation last month, resident taxpayers who spend more than 30 consecutive days outside the country in any given six-year period are exempt from having to declare their global earnings.

OECD announces progress made in addressing harmful tax practices (BEPS Action 5)

The assessment of preferential tax regimes is part of ongoing implementation of Action 5 under the OECD/G20 BEPS Project.

Legal,Regulation,Tax & Compliance