Managers of Wealth

Latvian bank fined heavily over laundering scheme in France

It was part of its business strategy in France

Bank Leumi: Germany's Moral Conundrum

Instead of charging ahead to follow up the leads provided by the Israeli data, German finance officials pondered the moral conundrum it presented.

Major progress reported towards a fairer and more effective international tax system

The report, released today, updates progress in key areas of OECD-G20 tax work, including movement towards automatic exchange of information between tax authorities and implementation of key measures to address tax avoidance by multinationals.

Action needed by trusts to comply with beneficial owner register requirements Karen Clark

Action is needed by trusts to comply with a new requirement for a beneficial ownership register for trusts operated by HMRC. New trusts within the scope will need to register by 5 October 2017 and information on existing trusts must be provided by 31 Janu

China to impose 3 pc VAT on asset managers’ returns from January

The 3 pc VAT, imposed on returns of funds under management, is lower than a 6 pc rate that was due to come into effect on July 1

Indonesia, Switzerland to Exchange Financial Data in 2019

Indonesia managed to make more than 900,000 taxpayers declare their previously unreported assets during he government's nine-month tax amnesty program.

Germany 'pays millions' for leaked data

Some of the approximately 11.5m documents from Panamanian law firm Mossack Fonseca were leaked initially to Germany's Süddeutsche Zeitung and then to other news organisations in co-operation with the International Consortium of Investigative Jou

Investment Funds as Complements to Trust Structures by Christel Sands-Feaste

For many wealth planners and clients, the trust is the gold standard

Asset Managers Unlikely Winners as FCA Targets Consultants

Below is a breakdown of which parts of the industry are likely to be hurt most by the recommended changes and which could benefit.

SARS sets sights firmly on high-net-worth individuals

High-net-worth individuals will find themselves under greater scrutiny from SARS in the immediate future.

Ignorance no longer bliss, as transparency roils India’s wealthy

TP Janani of Nishith Desai Associates explains the far-reaching impact of information exchange on India’s HNIs and UHNIs.

Switzerland working on 1MDB criminal case

The OAG suspects deficiencies in the internal organisation of the Falcon Private Bank Ltd

Spotlight On The EU Code Of Conduct Group

Malta's tax regime in particular came under the microscope

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

Legal,Regulation,Tax & Compliance