Managers of Wealth

EU blacklist names 17 tax havens and puts Caymans and Jersey on notice

Brussels identifies 17 states including South Korea, Barbados, Panama and UAE with 47 others such as the Isle of Man and Bermuda warned

Frayed Nerves Over Saudi Millions

Banks in Switzerland have also spent decades wooing wealthy Saudi Arabian clients, and ties are deep

Guernsey welcomes EU reaffirmation of 'cooperative jurisdiction' status

The Code Group's screening process initially involved 92 non-EU countries and jurisdictions.

Cohabitation agreements (living together agreements) – 10 things you need to know and how to get started

If you are living together as a couple, you need to be aware that your 'legal' cohabitation rights are seriously limited should the relationship break down.

Navigating AuM in today’s regulatory environment

The AIFMD Annex IV filing uses the same terminology but a different calculation method.

I-T dept serves notices to over 50 individuals in HSBC Geneva case

The tax department is keen to start process before the year-end.

Swiss banks step up reports of suspicious activity by Saudi clients

Rash of referrals to money laundering office follows Riyadh’s anti-corruption purge

Prince Andrew defends Queen in Paradise Papers tax row

The Duke of York defended the investment as he spoke about his plans to emulate Prince Albert as the “entrepreneur-in- residence” at Buckingham Palace.

Bitcoin Tax Troubles Get More Worrisome

This is where an IRS amnesty of some sort could be huge.

Think Shorter-Term For HNW Clients’ Tax Planning

The report added that in 2027 the richest 1 percent of Americans would receive an average tax cut of more than $9,000.

Andersen Global Continues Expansion in Switzerland

The addition of the team from Reviglobal will allow us to further penetrate the Swiss market and also extend our reach globally.

OECD releases further guidance for tax administrations and MNE Groups on Country-by-Country reporting

These challenges should diminish over time, as the global landscape for CbC Reporting becomes more settled and both tax administrations and MNE groups gain in experience.

China Minsheng Bank handed fine in fake wealth management products case

China Banking Regulatory Commission said the case exposed lax internal control and risk management at the Beijing-based lender

JFSC warning on Initial Coin Offerings

The notice follows other recent warnings from countries including the UK, US, Canada, Germany, Singapore, among others regarding this type of activity.

Goldcrest tax avoidance film scheme loses £44m appeal

The win came after the scheme, used by Patrick Degorce, a hedge fund manager, who was defeated at the Court of Appeal.

Israeli Billionaire's $10b Dollar Lawsuit Against Soros Frozen by Judge

But U.S. court rejects request to dismiss case alleging defamation over Guinean mine read

Mysterious FIFA Bagman Surfaces as Prosecution Witness at Trial

Rodriguez told jurors how he arranged tens of millions of dollars in bribes from his former Argentine sports marketing firm, Torneos Y Competencias SA, to the defendants and others in exchange for broadcast rights to tournaments.

FCA investigates four asset management firms for alleged IPO law breach

The UK financial services regulator has issued a ‘statement of objections’ to four asset management firms

Brazil Takes Aim at Investment Funds for the Wealthy

The government believes the closed funds are used by Brazil’s wealthiest families to invest large sums, often stemming from the sale of family assets.

Saudi Prince Released After $1 Billion Deal, Official Says

Prince Miteb bin Abdullah, one of the most senior Saudi royals detained in the kingdom’s corruption crackdown, has been released after reaching a settlement deal believed to exceed the equivalent of $1 billion, an official involved in the anti-graft

Legal,Regulation,Tax & Compliance