Managers of Wealth

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.

Italian wealth managers respond to new regulations and millennials

Technology change is generating demand: simple products through new digital channels.

Hong Kong, Switzerland Cement Finance Ties

The Swiss Financial Market Supervisory Authority (FINMA) also signed an MoU with the HKMA to enhance fintech collaboration with a view to facilitating financial innovation in the two places.

U.S. Tax Reform: What to Expect for Swiss Groups?

The new law includes significant changes in domestic tax law.

What Shakira’s tax evasion case means for expats in Spain

As a result, her worldwide income would be liable for taxation in Spain.

Ex-Credit Suisse Banker Spent Hidden Million on Wife's Jewelry

But during closing arguments, Jeanneret took aim at claims that the 54-year-old banker never made money off his crimes.

Appleby act as Jersey counsel to Sime Darby Property Berhad

The listing follows an internal restructuring of Sime Darby Berhad to unlock value and create potential growth opportunities.

Harvey Weinstein and you – what employers should be doing about sexual harassment - Ogier

Guernsey may feel a million miles away from Hollywood or Westminster but the issue of sex harassment is just as live here.

Ackman cuts staff, shuns limelight as he seeks to turn around fund

Ackman also plans to go silent, at least for awhile, the people said, a major change in style for one of Wall Street’s most voluble investors.

Continual Growth: Appleby Advises on 50 HKEX Listings in 2017

The majority of the proceeds from the offering will be used for the expansion of its building construction as well as repair, maintenance, alteration and additional business in Hong Kong.

Whistleblower suing Ernst & Young over gold dealings with Dubai firm

Sacked auditor says he was branded a troublemaker after telling bosses of his concerns about the Kaloti group

Tax amnesty programme turns up billions in undeclared assets

The law allows individuals to avoid paying penalties on undeclared assets if they come forward themselves, although they still must pay back taxes and interest.

Credit Suisse Plans Low Bonus Pool Increase for 2017

The bank is entering a final year of restructuring to focus on wealth management and investment-banking advisory services, reducing its reliance on trading-related businesses.

Tax Risk Update January 2018 - Farrer & Co

Our job will be to work with clients to find out whether what they are doing, or what they have done, has a tax consequence which could be open to challenge.

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