Managers of Wealth

SA spends more than Switzerland on anti-money laundering laws, says study

The South African study is based on responses from a representative sample of 59 banks, insurers and asset managers, including 17 with assets exceeding $50bn.

Swiss Banking Regulator Under Fire

The government is opposed to this separation of powers.

Can Regulations Temper the ICO Craze?

Regardless of the gravity of restrictions, these regulatory efforts, especially those made by major economies, appear to impact both the local and international crypto markets.

Legal input “needed after blockchain”, says fintech solicitor in wake of pioneering deal

It was the first time the legal architecture had been developed to enable a business to do this new kind of deal.

FG Uncovers 130,000 High Profile Tax Defaulters

Project Lighthouse is a unique project of the Federal Ministry of Finance that combines data from federal and state agencies as well as from abroad.

HMRC warns offshore tax dodgers

Anyone with offshore assets is being warned to make sure they disclose them, or they could face new, tougher penalties.

‘Wolf of Wall Street’ Producer to Pay $60 Million in Settlement

The complaint targeting the 2013 picture, directed by Martin Scorsese, is among more than two dozen forfeiture lawsuits filed by the U.S. against $1.7 billion assets that were allegedly acquired with money stolen from 1Malaysia Development Bhd.

Hargreaves Lansdown denies charging 'rip-off' ISA fees

St James Place could not be reached for comment at the time of publication.

Family trials and tribulations

Were they still of sound mind when writing the second will or did someone exert undue influence upon them?

Cayman Islands’ Anti-Money Laundering regime updated - Appleby

Entities that are newly subject to the AML Regulations have until 31 May 2018 to implement appropriate AML procedures or to implement a delegation/reliance arrangement.

Sir Bradley Wiggins put money into ‘shocking’ Cup Trust tax avoidance plan

The charity was closed down by the Charity Commission last year after this newspaper exposed how it was used by wealthy donors in a scam designed to avoid tens of millions of pounds in tax.

The OECD has citizenship programmes in its sights

They remain wise words.

MEPs continue crackdown on tax avoidance

MEPs have taken EU finance ministers to task over their decision to remove eight countries from the tax haven blacklist just one month after it was first published

Wells Fargo reviews wealth business for possible customer abuse: filing

The U.S. Justice Department instructed Wells Fargo in late 2017 to investigate its wealth management business

UK regulator declares DFM insolvent

The Financial Conduct Authority has declared discretionary fund management firm Beaufort Securities and its clearing arm, Beaufort Asset Clearing Services, insolvent.

Important Changes to Cayman Islands Regulations and Compliance for investment funds

The changes that have been made to the Cayman Islands anti-money laundering (AML) regime are to bring Cayman in line with international best practice and are a welcome update to the financial services landscape in Cayman.

Merger creates new global law firm

The merger brings together two organisations widely recognised for their innovative approaches to client service, into one global, fully financially integrated law firmers involve a Swiss verein structure, whereby firms share branding but keep their profi

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