Managers of Wealth

Crocodile Dundee fraudster’s Italian trial collapses

An international warrant was first issued for Egglishaw’s arrest in 2008 followed by a second in 2013.

'Life-changing consequences:' HMRC warns on risks of hiding wealth offshore in new crackdown

Holding assets offshore is not illegal, as long as all taxable income and gains are declared on a UK tax return.

Ex-Summit Wealth Management CEO sentenced to federal prison on $24 million fraud scheme

Between 2007 and 2012, Morrow and Alleca marketed promissory notes in Detroit Memorial Partners to Summit Wealth clients in Atlanta and throughout the country.

Herbert Smith Freehills - Financial regulation update

FCA consultation on 2017/18 fee rates for market infrastructure providers

Justice Department’s Latest Offshore Bank Resolution Confirms Value Of Self-Disclosure And Voluntary Remediation By At-Risk Foreign Institutions

The Justice Department appears to have taken great care to describe publically the extent of Prime Partners’ extensive cooperation

Love Notes Were Insider Tips, U.S. Says, Charging 7 in Plot

The arrests are part of the largest insider-trading case in recent years

Fired UBS Adviser Reignites Palm Beach Scandal Over Rich Widow

The trust paid the bill.

Black banker sues Goldman Sachs for racial discrimination

Goldman Sachs does virtually nothing to hire.

Platforms under FCA scrutiny defend fund picks

Affiliated funds were also less likely to be removed from buy lists.

RegTech Spending Lags

Financial institutions basically have reverted to manual processes for a lot of the regulatory compliance issues.

Investor Citizenship Stays Off The Table

The bankers and high net worth people with second homes, we want to ensure that those are dealt with on an expedited basis while still trying to get the backlog through.

European Union To Link Emissions Trading System With Switzerland

The EU ETS is based on a ‘cap and trade’ system in which a cap is set on the total amount of certain greenhouse gas emissions that are allowed to be emitted by installations covered by the EU ETS.

PwC Fined $6.6 Million in Largest-Ever Sanction From Regulator

The admitted acts of Misconduct include failures to obtain sufficient appropriate audit evidence and failures to exercise sufficient professional scepticism.

Is Italy the newest tax haven for non-doms?

Many long-term UK-resident non-UK domiciled individuals may be wondering where to move to next, now that the government has confirmed that the long-awaited changes to the taxation of non-doms will indeed apply from 6 April 2017. Non-doms who have been UK-

Legal,Regulation,Tax & Compliance