Managers of Wealth

Government crackdown on offshore tax cheats brings in a THIRD of the £1billion expected in the wake of Paradise Papers scandal

Changes included agreements with offshore low-tax havens such as Switzerland

The Future of the City - Andrew Bailey

Speech by Andrew Bailey, Chief Executive of the FCA, at the Future of the City dinner.

Swiss regulator censures Gazprombank after Panama Papers

Bank banned from taking new private clients over failings on money laundering checks

Swiss Private bank broke money-laundering rules in Brazilian cases: FINMA

FINMA has investigated more than a dozen Swiss banks in relation to the Petrobras and Odebrecht cases and launched four enforcement proceedings, one of which is pending

Bermuda: "Gimme Shelter" - Offshore Asset Protection Trusts And Firewall And Fraudulent Transfer Legislation

There is no legal definition of an asset protection trust under the law of Bermuda or in most other jurisdictions.

Ex-HSBC Wealth Manager Accused of $3 Million Drip-Feed Heist

The ex-employee’s ruse was discovered when he tried to withdraw a larger sum that raised the alarm

In the Courts in 2017: an Appleby review of offshore court decisions

Even on that selective basis we cover some 50 decisions, ranging from first-instance interlocutory decisions, all the way through to decisions of the Privy Council.

HMRC powers to scrutinise unexplained wealth go live

“Significant” regulation that requires individuals to explain to HM Revenue & Customs and the Serious Fraud Office (SFO) where their wealth came from has come into force.

American Sentenced to Prison for Concealing Assets in Swiss Accounts

Failed to Report Foreign Financial Accounts with Value Exceeding $28 Million

SEC Halts $600M Bank ICO Scam

The SEC’s investigation was conducted by David Hirsch and supervised by Jessica Magee and Eric Werner in the Fort Worth Regional Office in coordination with the Enforcement Division’s Cyber Unit.

Secret wealth executive: strangulation by regulation

The unfortunate consequence is that respect for both the rules, and those that apply them, dries up.

Appleby advises on revolutionary digital identity token sale

Commenting on the transaction, Samuel Banks noted: “Blockchain technology will revolutionise the way we manage our identities and the way we conduct business, online."

Marital Asset Recovery: 'Wealth Managers' Assist Unscrupulous Men in Defrauding Their Wives

Wealthy men are cheating on their wives—with their accountants and lawyers.

Major step forward in international tax co-operation as additional countries sign landmark agreement to strengthen tax treaties

The Convention is the first multilateral treaty of its kind, allowing jurisdictions to integrate results from the OECD/G20 BEPS Project into their existing networks of bilateral tax treaties.

Legal,Regulation,Tax & Compliance