Managers of Wealth

More Insurance Woes for CS?

The probe would represent a widening of the bank's troubles with so-called insurance wrappers, for which it has already run into trouble with Italian and German officials – and paid dearly.

CS' Mozambique Loan: Violation of Regulation?

The money was approved for a development project involving the purchase of a tuna-fishing fleet and the protection of the coastline of the African nation

Serious Fraud Office investigating Formula One

The allegations surround the Concorde Implementation Agreement, the contract which underpins F1, and shares sold to the FIA which later netted them £62m profit

Isle of Man strengthens Commonwealth connection

The Commonwealth Enterprise and Investment Council brings government heads and business leaders together to promote trade and investment across the Commonwealth

Swiss fund giant latest to absorb research costs

This decision will not result in any change in management fees and Unigestion remains fully committed to continue delivering value for money to all of its clients.

Wealth managers risk fines over offshore asset warning letters

If you have money or other assets abroad, you could owe tax in the UK

Sibling rivalry eclipses Asian family businesses

While more than half of the leading 200 companies in Southeast Asia are controlled by a single family, few have succession plans in place as a pioneering generation fades away

IRS Hunts Bitcoin User Identities With Software In Tax Enforcement Push

It takes time for people to adapt, and that is one reason compliance may be poor so far.

Millions of taxpayers sent warning about secret offshore accounts

Financial advisers rush to get across HMRC ‘come to us before we come to you’ message

Pay MiFID Research Costs Yourselves, Wealth Managers Tell Funds

It will become a cost of doing business rather than charging it on to us or to clients in any way.

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

Legal,Regulation,Tax & Compliance