Managers of Wealth

Spotlight on compliance costs as banks get down to business with AI

The tsunami of new regulations since the financial crisis has been the single biggest headache for banks to deal with.

Swiss Watchdog Still in Contact With Credit Suisse on Mozambique

Credit Suisse disputed the report's findings, saying banking fees charged to arrange loans for Mozambique's state-owned companies amounted to $23 million.

THAILAND: Inheritance tax advisory demand growing

To qualify to be high-net-worth at the bank, clients must each have a minimum of 50 million baht in assets under management.

FRANCE: Final wealth tax deadline for non-residents

You should note that where you are eligible to declare for wealth tax the onus is on you to do so.

The UK Double Tax Treaty Passport Scheme – Changes for the UK Loan Market

The UK imposes a 20% withholding tax on interest payments made by a UK borrower to an overseas lender.

Chinese billionaire portrayed as criminal and hero at trial

"Mr. Ng acted in good faith at all times," Park said.

Jho Low, Caribbean Citizen?

Low reportedly has one more trick up his sleeve: a Caribbean passport

CRS: the end of tax evasion?

The Panama papers leak in May last year demonstrated how a complex corporate structure, often set up offshore, can be used to hide millions of dollars from tax authorities.

New reporting rules to increase burden on thousands of trusts

Advisers warn trustees will need to give HMRC details of assets

Is HMRC keeping up with tax evaders?

At the start of the year tax evasion and avoidance featured in the news agenda on a regular basis. Despite fewer headlines, tackling this issue still remains an important part of the UK government’s tax agenda, but is HMRC ahead of the game or strug

Andersen Tax Debuts in Switzerland

They specialize in direct and indirect tax, inheritance planning, company restructuring, internal compliance, HR management and corporate consultancy.

Private Client: The new residence nil rate band – are your affairs in order?

A review of your will may be required to ensure you get the benefit of the new residence nil rate band

Germany refuses to release Swiss spying suspect

The man was tasked with identifying German tax investigators who purchased CDs containing details of bank account holders in foreign tax havens such as Switzerland.

Strong progress seen on international tax transparency - OECD

The OECD-hosted Global Forum on Transparency and Exchange of Information for Tax Purposes has been working to enhance global tax transparency, end banking secrecy and protect public finances by curtailing tax evasion since 2008

Swiss gov't aims to tighten rules for second-tier banks

It instructed the finance ministry to work with the FINMA watchdog and the Swiss National Bank on a draft.

Combining this year's promotions and new lateral talent, the Firm added 139 partners

Nearly 40% or 31 of the new promotions are women; a market-leading number for any law firm.

Making wealth managers ready as the MiFID II deadline approaches By Rodney Taylor, Profile Software

There are new and detailed requirements to ensure that any newly created product passes an approval process, an appropriateness test, and is fit for the intended target audience.

FCA funds study: six things Hargreaves Lansdown wants to see

The funds industry is twitching ahead the FCA study, with some reports suggesting fund firms could even face enforcement action.

How Jimi Wanjigi makes billions at taxpayer’s expense

They are for fortune and health.

The vin guard: 'Sherlock Holmes of wine' on the hunt for fraudsters who cash in on fake plonk

Maureen Downey, the world’s top wine expert, says swindlers buy old bottles on eBay, fill them with inferior wine and sell them for thousands

Legal,Regulation,Tax & Compliance