Managers of Wealth

FCA threatened with legal action over fund fees

Judicial review is a type of court proceeding in which a judge reviews the lawfulness of a decision or action made by a public body.

Libyan sovereign wealth fund files lawsuit against JPMorgan Chase

In 2016 the fund lost its legal battle against Goldman Sachs <GS.N> after a seven-week trial relating to nine equity derivatives trades.

Macro Selects Maitland To Provide Fund Administration Services

Intellectual property investment fund to leverage Maitland’s automated technology

Julius Baer Top Banker Tied to Weapons Scandal

Julius Baer's compliance overseer, also unnamed, noted that this type of business carried considerable risk to the bank's reputation, and represented a potential conflict of interest.

Man Utd and Liverpool stars face £250m film scheme tax bills

A Liverpool player is also believed to have put forward £10.4 million to avoid taxes on his salary.

ANZ to Pay for Wealth Flaws

As part of the enforceable undertaking, an independent expert will be appointed to provide an assurance ANZ has delivered the documented client reviews since 2014

Global Forum issues tax transparency compliance ratings for nine jurisdictions

The Global Forum now includes 150 members on an equal footing

Spain releases HSBC leaker Herve Falciani but he cannot leave Spain

The police must monitor the house that Falciani chooses to live in Spain on a daily basis and any trip or departure from the town where he lives must be allowed by the judicial authority.

Global network for the automatic exchange of offshore account information continues to grow

Changes reflected in this second edition of the Handbook offer further guidance on the features of the legal framework of the CRS

Pilatus auditor KPMG says it acted professionally in dealings with private bank

Audit firm whose partner also attended Pilatus chairman’s wedding says it has acted professionally and ethically

The Dutch government ponders “golden boy liability” clause for finance executives

However, the controversy continues with the ASR insurance company proposing on Tuesday a 35% pay rise for its management.

Trusts: Do they still have a role to play? Saffery Champness

Negative press coverage also means that the general public often sees trusts as vehicles for the wealthy to hide their assets and avoid taxation.

Swiss bank whistleblower arrested in Spain

Falciani was arrested on Tuesday close to the Universidad Pontificia de Madrid where he was due to speak on "When telling the truth is heroic".

Making Tax Digital – exploding the myths by Ian Carpenter and John Forth

Myths have grown up around the Making Tax Digital (MTD). While VAT is now at the forefront of the plans, it is expected that the MTD changes will eventually apply to all the main taxes so will impact all UK taxpayers. With so many misconceptions, we separ

Legal,Regulation,Tax & Compliance