Managers of Wealth

South African football agent’s £1.2m tax avoidance own goal

The scheme involved investments in the recruitment and training of young footballers

Appleby named as a 'leading firm' in the Chambers Global HNW Guide

Appleby's highly regarded Private Client & Trusts group provides trust and foundation services to high net worth individuals, families, and fiduciary companies.

MLD V and its implactions for Wealth Managers

This is likely to increase compliance costs

Fintechs spreading across the globe: Seeking innovation beyond the US market

Fintechs are gaining traction in terms of headquarters locations and investments in a vast array of cities around the globe. How do financial services firms stay on top of this rapidly shifting landscape?

Fighting Tax Dodgers Can Kill Economic Growth

Shut out of their favorite havens, companies reduce investment and cut jobs

Angola’s sovereign wealth fund and Quantum square off

Angola's new government seeks to sever ties with Quantum Global, a Swiss firm with ties to the Dos Santos dynasty

Appleby Lawyers among Private Client Global Elite

They have been recognised for their contributions and expertise in advising trustees and ultra-high net worth individuals on the establishment, restructuring and administration of trusts

Failed Columna fund targeted by financial investigator

Switzerland-based financial investigator David Mapley has launched a campaign to seek the return of $400,000 (£307,092, €343,963) for a client who invested in the failed Columna Commodities fund.

Funds and insurance collide in the development of single ILS structures

A panel debate at ILS Insight also heard about increasing investors demands for transparency.

Guernsey Receives Top Marks For Transparency From OECD's Global Forum

Confirmation from the OECD that Guernsey is Compliant matches the ratings of the other Crown Dependencies.

OECD updates criteria for blacklisting non-transparent financial centres

In order for a jurisdiction to be considered satisfactory, it will have to meet at least two of the above three criteria.

U.S. Censures UBS Over Its Anti-Money Laundering Systems

All Cease and Desist Orders, Civil Money Penalty Orders, and Removal/Prohibition Orders are issued with the consent of the parties, unless otherwise indicated as a Decision and Order issued by the Comptroller of the Currency.

Moore Stephens highlights tech firm priorities

Our fifth annual owner managed business (OMB) report reveals remarkable resilience, with many OMBs performing better than expected last year.

Finma finds Rothschild Bank in 'serious breach' of AML rules

FINMA will appoint an audit agent to review enhancements already put in place by the institutions.

Anti-money laundering crackdown should be more focused on most suspicious activity – Law Commission

Money laundering is estimated to cost every household in the UK £255 a year and allows criminals to profit from their crimes.

The Advantages of Listing Securities in the Channel Islands

TISE enjoys the support of a growing number of prestigious local and international organisations.

Fugitive Malaysian businessman Jho Low still involved in affairs of his Hong Kong companies

Low, a key figure in 1MDB investigation, signed documents for private equity firm Jynwel Capital and non-profit group Jynwel Charitable Foundation this month.

Tax agency goes after South African billionaire

I will be taking legal advice on whatever is misleading

HSBC fined $1.2m in Hong Kong for 'systemic deficiencies' in bond sales

SFC reprimands and fines HSBC Broking Securities (Asia) Limited $9.6 million

Keeping it real: The EU Council’s substance requirements by Ashley Fife, Appleby

Numerous other “offshore financial centres” face an end-of-year deadline to avoid being placed on the European Union Council list of non-cooperative jurisdictions for tax purposes.

Legal,Regulation,Tax & Compliance