Managers of Wealth

Raiffeisen investigation prompts management shakeup

The study, led by economics professor Bruno Gehrig, focused on the investment businesses that Raiffeisen Switzerland and its subsidiaries bought under Vincenz.

Wealth manager calls on FCA boss to quit over Mifid II

Financial Conduct Authority CEO admits no firm has faced enforcement action on fee transparency

The Fed is probing Deutsche Bank over billions in suspicious transactions in another twist in the Danske Bank money laundering scandal

The US Federal Reserve is investigating how Deutsche Bank handled billions suspicious payments from Danske Bank, as regulators try to unravel who was involved in one of the largest financial scandals in history.

Luxembourg licenses 80 new financial services companies in 2018

An important factor in Luxembourg’s ability to continue to attract new business is its long-term stability, underpinned by its consistent AAA credit rating.

Finma adds three more companies to warning list

Three more firms have been added to Finma’s warning list, having failed to provide the regulator with sufficient information.

Ex-UBS Worker Guilty of Money Laundering in Data Theft Case

Man acquitted of separate charge of bank secrecy violations

Cristiano Ronaldo to attend tax fraud hearing in Madrid to enter guilty plea and pay £17m fine

The Portuguese will return to Spain for one day to resolve his issues with Spanish tax authorities

Wentworth Golf Club owner in legal battle over wine worth £4.8M

Reignwood, the Chinese company which owns Wentworth Golf Club in Surrey, is suing its former head of international operations for allegedly mishandling over 32,000 bottles of wine, worth £4.8 million.

The oligarch, his ex-wife and their bitter £450m divorce. Enter Interpol

Russian oil tycoon fighting high court ruling over payout calls on international police agency to stop the seizure of his assets

The once brightest and best need to wise up and listen

A chill has descended on international commerce that Davos will not easily shrug off

Growth and accolades for Offshore law firm's BVI litigation and insolvency practice

Carey Olsen was recently named Offshore Firm of the Year for 2019 by Legal 500

Trusts being used to avoid paying billions in tax, report warns ATO

One of the authors of the report, John Glover, a professor of law at RMIT, told the ABC that Australia was behind other countries when it came to the regulation of trusts.

Swiss to have final say on corporate tax and gun law reforms

“This diktat goes against freedom and it is unjust, useless, dangerous and anti-Swiss,” the alliance president said.

‘Magical wealth manager’ scams $3.7m from believers

Saudi police arrest expat claiming he could double people’s wealth using magic

KOREA: Regulator to ease rule for wealth management startups offering robo-advisors

The deregulation is part of the government's push to give more support to financial technology firms, the Financial Services Commission said in a statement.

UBP secures Taiwan master agent licence

Offshore funds still dominate the Taiwan investment landscape, although the number and size of onshore funds are increasing.

Protocol amending the Convention for the Elimination of Double Taxation between Cyprus and the United Kingdom

This latest amendment of the Protocol created a framework that facilitates economic cooperation, fiscal stability and transparency in the relations of the two countries.

Economic substance: the beginning of the end or a new beginning for Offshore Financial Centres?

These requirements are intended to ensure that entities in OFCs have core-income generating activities in those jurisdictions

Maitland acquires legal advisory firm

Our legal services offering in Monaco will be headed by Peter Walford, who brings to Maitland a large network of high net worth clients and intermediaries based in Monaco and elsewhere.

'Betting $3 million a day on football games': lawyer gets three years for fraud

He claimed the number belonged to Mr Gordon's son Andrew, a director of his father's companies, and impersonated the younger Mr Gordon when he authorised the bank to release $6.95 million.

Legal,Regulation,Tax & Compliance