Managers of Wealth

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.

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.

Legal,Regulation,Tax & Compliance