Managers of Wealth

HSBC hopes to leave era of scandals behind

The bank has been held back by huge fines and hasty acquisitions, but believes it is now in a position to grow again

6 ways to tax the ultra-wealthy better

They argued that despite famous calls for co-ordinated global wealth taxes, like the one from Thomas Piketty in 2015, there are very few wealth taxes that are both effective and explicit.

Carey Olsen advises Butterfield as it strengthens its banking and custody operations

The acquisition, which is subject to regulatory approval, would further expand Butterfield's presence in the Channel Islands by providing a Jersey presence for the group.

The Bahamas: Clearly Focused

This spirit of cooperation is coupled with the teeth of enforcement, as the enactment of the UK Criminal Finances Act, extends extraterritorial reach to individuals and entities that fail to implement policies and procedures to prevent the facilitation of

South African Fund Manager Puts Up Bounty in Hunt for the Guptas

She’s also pledged 200,000 rand to the first Gupta bodyguard who calls the authorities to reveal his location

Credit Suisse under investigation in US over Asian hiring

The development comes in the same week as the Zurich-based bank reported a net loss of $1bn for 2017, largely attributed to American income tax expenses.

Indian investigators raid billionaire jeweller's offices

It made fresh allegations against Modi to the CBI, according to PTI.

Wealth firm director ordered to pay $400,000

Director excluded from financial services industry for five years and agrees to pay $400,000 to financial literacy fund

Explain your wealth or have it seized

Despite the picture painted in the BBC’s recent McMafia series, the UK is not necessarily awash of dubious foreign wealth. But what is the UK doing to clampdown on money laundering and increase transparency?

Cayman Islands introduce country-by-country reporting for certain multinational enterprises

MNE groups with annual consolidated group revenue in the preceding financial year of US$850 million or more with a Cayman entity in the group are caught.

Global advisory and fund administrator establishes Guernsey private client offering

The new licence sees former Partner of Maitland Advisory LLP (the group’s London law firm), Iris Harvey, take on a new role as Director of Private Client Services for Guernsey.

Trillion dollar conman strikes Dubai

How convicted international fraudster launched a bogus edition of the reputed Financial Times to rake in millions of dollars in advertising revenue and barter deals from luxury retail brands and top hospitality groups

Nigerians and UK’s Unexplained Wealth Orders

Various reports cited London as a money laundering haven, but the UK Government was conspicuously silent on the issue, turning a blind eye as millions of dollars poured in.

Rogue tax official arrests show CRS risks

The arrest of seven tax officials in Argentina accused of selling data has highlighted the risks of sharing tax information globally.

US tax reform prompts wealthy home buyers to leave high-tax states

The law has given immense tax breaks to the country's wealthiest people.

Steven Cohen’s Investment Firm Accused of Hostility to Women

The lawsuit offers a rare glimpse inside the $11 billion firm, which is run by one of Wall Street’s most fabled traders and is a huge source of business across the banking industry.

The Best Way For Trusts And Estates Lawyers To Source New Wealthy Clients

There are many ways to potentially source high-net-worth clients.

In bitter dispute, Credit Suisse fights class-action suit by former brokers

She further argues that Laver and other litigants in the class-action suit who didn't take the offer to join Wells Fargo aren't owed anything because of the deals they reached with other firms.

Mayfair dining spot and hedge fund favourite Boulestin has gone bust

Meanwhile its unfortunate sole director, restaurateur Joel Kissin, had lent the business a hefty £2.4m in an unsecured loan.

Credit Suisse wealth manager jailed in Switzerland

A former Credit Suisse wealth manager has been handed a five-year jail term for a fraud worth tens of millions of Swiss francs.

Legal,Regulation,Tax & Compliance