Managers of Wealth

Blockchain Investment Funds: A Cayman Perspective by Higgs & Johnson

The flexible legal framework in Cayman means that fund vehicle can be tailored to meet onshore tax requirements

New Reporting Regulation Will Have Big Effect on Family Offices

A new agreement on international tax and financial information exchange aims to provide less opportunity to shelter wealth from taxation. Global wealth managers and advisors need to make sure they and their clients are in compliance.

Bank of Asia to host official BVI launch

The British Virgin Islands is the appropriate home for Bank of Asia because the BVI is at the forefront of delivering high quality technological and innovative offshore services.

Liontrust to consolidate outsourced fund services to BNY Mellon

The UK asset manager will consolidate its asset servicing relationships for its UK and Ireland fund ranges and use BNY Mellon as its sole outsourcing provider.

New constitution in Cuba will recognise free market and private property

But the Cuban Communist Party, led by Miguel Diaz-Canel, remains ‘the superior leading force of society and the state’

The Litigator’s Toolbox – Without Prejudice by Higgs & Johnson

The influence of public policy on encouraging persons to settle their disputes without resorting to litigation, is an important factor in the without prejudice rule as is the contractual element of the Rule.

A Framework for Initial Coin Offerings in Bermuda

Appleby can assist with additional support services in relation to requirements surrounding the compliance regime.

How Accountants Working With The Wealthy Can Double Their Practices Within A Few Years

The reason the business environment for these accountants is so promising is that the number of wealthy – especially the ultra-wealthy and super-rich (net worth = $500 million or more) has tremendously swelled.

Global Forum publishes tax transparency compliance ratings for seven jurisdictions and welcomes three new members

The Global Forum also welcomed three new countries into its membership – Bosnia and Herzegovina, Cabo Verde and Swaziland.

IRS spent $380m but took ‘limited or no action’ on offshore tax dodges

As the International Consortium of Investigative Journalists and its partners have reported, the offshore financial services sector represents a major contributor to growing global inequality

The Opportunity of a Lifetime: The Bahamas as a Centre for International Commercial Arbitration

With its strategic location as the crossroads to the Americas, The Bahamas is well-positioned to become a favoured jurisdiction for international commercial arbitration.

Swiss Bank to Settle U.S. Tax Probe

The move means renewed momentum for a years-long tussle between Swiss banks and American officials which began with a criminal investigation into a first group of banks including UBS, Credit Suisse, Pictet and others.

Jersey's balanced approach to ICO activity

Hawksford’s existing policy on providing services to ICO issuers is very much focused on quality, and we welcome the emphasis placed on this within the guidance note from the JFSC.

Law Society signs Brewin Dolphin as wealth management partner

The new partnership, due to start in September 2018, will allow Brewin Dolphin to position itself exclusively as the Law Society of Scotland’s wealth management partner. T

Sextortion: beware the new form of cyber blackmail

Honey traps and blackmail are nothing new, but as technology gets more sophisticated

Offshore tax evasion: offences relating to offshore income

A conviction for any of these offences can lead to a custodial sentence for up to 6 months and, an unlimited fine in England and Wales, or a fine not exceeding £5,000 in Scotland and Northern Ireland.

50 high net worth individuals in tax net for buying Nirav Modi diamonds

I-T dept said that discrepancies of concealed cash payments were found, which in some cases may be in several lakhs.

1MDB: Swiss Private Banker Wins Back Passport

The move was part of a wider investigation into how banks in Singapore allegedly rinsed billions in 1MDB money.

BTG Founder Esteves Acquitted in Brazil Witness Tampering

In September, prosecutor Ivan Claudio Marx had recommended that the charges be dropped.

Old Mutual appoints Deloitte as joint auditor in a blow to KPMG

Old Mutual believes it is prudent to appoint a joint auditor

Legal,Regulation,Tax & Compliance