Managers of Wealth

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.

Global Tax and Wealth Expert launches WealthAbility

WealthAbility's mission is to provide successful small business owners and investors with "Way More Money, Way Less Taxes and Financial Freedom Faster."

Banker failed to discipline colleague caught having sex in night club toilet

The scandal came to light after members of George Eleftheriou's team wrote a letter to his boss, Brian Colquhoun

Nevada trust companies growing wealth

"We have tried to establish ourselves as the Switzerland of family trust companies. They bring very high paying, white color jobs here."

Credit Suisse Says Claims Bank Misled Investors Unfounded

“All regulatory reviews were closed without any action against Credit Suisse,” it said.

FCA, PRA address algorithmic trading, as its use seen to grow

This report summarises our key areas of focus, and highlights examples of good and poor practice,” the FCA adds, noting that it is based on a number of “cross-firm reviews on themes related to alorithmic trading.

Credit Suisse in New Legal Threat

U.S. shareholders are bringing a class-action suit against Credit Suisse – and against Chief Executive Tidjane Thiam.

Legal,Regulation,Tax & Compliance