Managers of Wealth

Latest UAE visa shake-up opens window for wealthy investors

New longer-term visa regime will target investors, entrepreneurs and professionals

Chinese regulator allows wealth management units to invest in shares

Chinese shares have slumped about 22 percent so far this year as economic growth has slowed to its weakest pace in more than a quarter of a century.

Meet the wealth firm that proudly hires brokers with checkered pasts — from hot-dog thieves to serial email-deleters

A Florida wealth-management firm that oversees $500 million hires brokers who've had run-ins with the law or regulators.

Banks’ Wealth Management Rules Take Effect

The final rules, which will impact the country’s 30 trillion yuan ($4.4 trillion) wealth management product (WMP) market, allow banks’ asset management units to raise public stock funds and invest up to 35% of their total assets under manageme

Floyd Mayweather and DJ Khaled charged with massive fines for promoting cryptocurrencies

As per reports, Mayweather was paid $100,000 USD and DJ Khaled $50,000 USD to promote a virtual currency by the start-up Centra Tech.

Judge Rules For KPMG in Wide Sex Discrimination Suit

KPMG LLP defeated an effort by female employees suing over alleged discrimination to pursue their claims on behalf of a group of about 10,000 others going as far back as 2009.

UBS first foreign bank to gain majority stake in China venture

JPMorgan and Nomura await approval from securities regulator

How do traders ensure due diligence in high-risk countries?

The three companies insist there is no evidence of wrong-doing and that they uphold high standards of due diligence in Brazil and beyond.

Deutsche Bank chief dismisses takeover speculation

Sewing’s remarks followed the two-day raid as part of an investigation linked to the so-called Panama Papers leak of documents about offshore finance.

End to rulings on Swiss principal companies and finance branches

Under the current regime, a notional interest is calculated on the capital made available to the Swiss permanent establishment that leads to a reduced taxable net profit of the Swiss finance branch in Switzerland.

Madoff Victims Will Get Another $695 Million From U.S. Fund (1)

Madoff’s investors lost a total of $19 billion in principal and more than $40 billion in fake profit when his securities firm collapsed in December 2008.

Asian Currencies Are Winning Over Fund Managers

De-escalation of trade dispute seen as key for Asia currencies

Gucci could go to court in next 20 days over tax evasion accusations

Both Gucci’s current chief executive Marco Bizzarri and former chief executive Patrizio Di Marco are under investigation as part of the case.

Revived 1MDB Probe Claims Victims

These guys are fucking criminals,» Belfort told finews.asia last year. He was referring to spendthrift Malaysians reportedly linked to sovereign wealth fund 1MDB.

Vistra Cyprus Acquires Licence for Cypriot Investment Programme

Vistra Cyprus, being recently awarded the required licensed certificate, with registration number CIP 448, is now permitted to make such submissions

Deutsche Bank investigated over Panama Papers

Fallout hits German bank more than two years after Mossack Fonseca scandal broke

Hong Kong court acquits former Standard Chartered private banker of bribery charge

A magistrate's court in Hong Kong has acquitted former Standard Chartered Bank private banking head Ryan Gwee Yuan Kerr of a bribery charge brought by the Independent Commission Against Corruption (ICAC).

Deutsche Bank's Frankfurt Headquarters Raided in Money Laundering Probe

Frankfurt headquarters as part of an ongoing probe into money laundering that has implicated several European banks over the past year.

Overcoming the Challenges of Cross-Jurisdictional Customer Onboarding

The real commercial risk for organisations that are not ready to take this challenge seriously won’t necessarily come from the existing set of competitors, which might use the same traditional approach.

Beyond Brexit and the next election – a wealth tax? by George Bull

In the meantime, for those with the luxury of time to plan ahead, it may be possible to implement share structures which do not fall foul of the new rules from the outset.

Legal,Regulation,Tax & Compliance