Managers of Wealth

The role of AI in the delivery of legal and private wealth advisory services

"But where I don't see artificial intelligence making a significant in road is when it comes to high net worth individuals,"

Chinese Contractor Sued for ‘Massive Fraud’ Over Bahamas Resort

CCA may face more than $2.25 billion in liabilities for misleading and defrauding the plaintiff and depriving it of its investment.

How the world's worst carbon polluter became the biggest issuer of 'green' bonds

By the end of November 2017, China led global green bond issuance with 66 deals that raised $24.89 billion

Credit Suisse risks third straight loss on tax law

The new tax bill means both “Credit Suisse and UBS will have to book a loss,” Mirabaud analyst Andreas Brun said by telephone.

Full extent of multi-billion dollar bank heist's links to Scottish firms revealed

Much of the 'dirty' cash was funnelled through anonymous Scottish and other UK shell firms.

Jewelry Industry Vs. Fraudsters: A Diamond-Cut-Diamond Match

Diamond giant De Beers has noticed a trend of millennials buying smaller diamonds and even choosing alternative stones when it comes time to pop the question.

Property Tax Deductions and Wealthy Clients

Wealthy clients who are subject to the AMT can’t deduct state and local taxes anyway, so they may not feel much of a change from the new limit on deductions for those taxes.

Rogue Banker Living In Luxury After Admitting To Stealing Millions

Gaglio's confession in January 2013 came after Hottinger & Partner's parent company, Swiss bank Hottinger & Cie, fell into bankruptcy

Tax cheats, welcome to America!

The US is already a tax dodger’s paradise and Donald Trump’s new reforms will make it even more so. Germans are justifiably upset.

Over 2600 bilateral relationships in place for the exchange of CRS information

The implementation of the CRS requires both domestic legislation to ensure that financial institutions correctly identify and report accounts held by non-residents, and an international legal framework for the automatic exchange of CRS information.

Jurisdictions implement final regulations for first filings of CbC Reports

With more than six months before the first exchange deadline, there are now over 1400 automatic exchange relationships in place among jurisdictions committed to exchanging CbC Reports as of mid-2018

Swiss supervisor ends investigation into ex-Raiffeisen CEO

Vincenz stepped down from his role as chairman of insurance group Helvetia this week.

Finra fines Raymond James $2 million over emails

FINRA found that during a nine-year review period, Raymond James’ email review system was flawed in significant respects

Hedge-Fund Titan Gets Sued By Mistress – The Wild Details Include An Ostrich Farm

The beauty queen-turned-Tesla model met Gibbins while dining at Le Bilboquet in Manhattan in June 2014, her suit says.

PRA approach to the authorisation and supervision of international banks, insurers and CCPs

The Bank of England (BoE) has announced that it is consulting on its approach to the authorisation and supervision of international banks, insurers and central counterparties (CCPs) as the UK redefines its relationship with the EU.

SIX reprimands Bellevue Group for financial statements

Bellevue Group AG breached the requirements of IFRS in its 2016 annual financial statements

JPMorgan broke anti-money laundering rules in 1MDB deals: Switzerland

The scandal surrounding the Malaysian state fund 1Malaysia Development Berhad has rocked the administration of Malaysian Prime Minister Najib Razak.

Brazil charges Swiss bank manager with laundering bribe money

They said Suarez concealed the illegal financial operation with false information given to the bank’s compliance office.

Is That Champagne in Your Sorbet? Prove It

The Comité Champagne took Aldi to court in 2012.

1MDB scandal: Singapore issues more financial bans

MAS had earlier this year served notices of intention to issue prohibitions against the two men.

Legal,Regulation,Tax & Compliance