Managers of Wealth

Cristiano Ronaldo tax evasion: settlement reportedly close

El Confidencial says the Real Madrid forward is near to agreeing a deal with the Spanish inland revenue that would ensure he avoids jail time.

Trusts (Amendment No.7) (Jersey) Law 2018 now in force

The Trusts Law is widely regarded as the international standard for offshore trust legislation

Swiss voters reject total overhaul of monetary system

Banks could only issue loans if they had acquired an equivalent sum from the central bank, other lenders or client deposits.

Beyond 25 May: The legacy of GDPR

The introduction of the rules has proved particularly timely following the Cambridge Analytica data scandal.

How tax compliance in Luxembourg is changing

With global accountability the ‘new normal’, it’s more important than ever to understand your tax compliance obligations in Luxembourg.

Wells Fargo plans to lay off 46 employees in Menomonee Falls

Wells Fargo said it would assist the employees in finding open positions within the company as well as provide outplacement services.

Ansbacher providing seamless solutions for tax reporting

Client requests have reportedly led Ansbacher to outsource a better and seamless tax reporting practice.

Ex-Rangers boss Walter Smith sues his wealth advisers

The court has previously said it will not force Smith to hand over the documents.

AJ Bell starts fee cuts on passive multi-asset range

AJ Bell has also fixed its annual management charge at 0.15%.

UBS Resurfaces in Malaysia Probe

Musa, the former governor of Sabah, a mountainous state on the northern tip of Borneo rich in oil, timber and palm oil, is in hot water in Malaysia.

$12 trillion ‘phantom’ corporate investment – it’s not just about tax avoidance by George Bull

Using the latest transparency data, a report from the International Monetary Fund estimates that multinational corporations have invested $12 trillion in empty shell companies. On top of that, around $7 trillion of personal wealth is held in tax havens. W

Credit Suisse Fined in Hiring Probe

This legacy matter did not impact the services provided to any clients, investors or counterparties.

SEC fines New York firm deVere US$8 million over UK pension advice conflicts

Investment advisers have an obligation to disclose direct and indirect financial incentives

Top global investment bank executives charged with criminal cartel offences in Australia

Criminal charges have also been laid against several senior executives

Citizenship for sale: how the rich shop for new passports

Citizenship-by-investment programmes offer the super-rich an opportunity to acquire a new nationality

Dormant Assets Scheme bolstered by industry leaders

Industry support for new plans to expand the dormant asset schemes

Offshore law firm breaks into top three for LSE clients

The Corporate Advisers Ranking Guide show that with 101 LSE listed clients, Carey Olsen has comfortably more than double the number of the next nearest offshore law firm.

Scrapping inheritance tax won’t make divorce easier

Proposals consider being able to gift up to £125,000 per person as a lifetime gift without payment of tax.

ICOs and good governance - Ogier

This difficulty in establishing the correct banking architecture for these businesses undermines the ability of operators to ensure the integrity of their financial governance and is proving a real obstacle to the growth of the sector.

EU puts US on the clock for tax blacklist

If the US does not comply with the OECD Common Reporting Standard by June next year it faces being placed on the EU blacklist for non-cooperative jurisdictions, an EU top official has warned.

Legal,Regulation,Tax & Compliance