Managers of Wealth

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

Secretive owners of Scottish 'tax haven' firms to be revealed

It should mean that the shadowy owners of Scottish shell companies may finally be exposed.

Riddle of the ruins

The body of Michael Treichl was recovered from Lake Geneva last week

Tax deductions: the why behind the giving

Tax efficiency appears not to be the most powerful driver of giving among affluent American households

Australian whistleblowers could get access to bounties worth millions

Under the legislative proposal, corporations could be forced to pay compensation relative to the employee's salary or a lost promotional opportunity.

FINMA imposes sanctions for insider trading and market manipulation

FINMA has also ordered the proceeds of the company's liquidation to be disgorged in full as unlawfully generated profits.

Royal Bank to cut 450 jobs, mostly at head office, in banking's shifting landscape

Canadian banks have announced more than 5,000 job cuts tied to restructurings during the past three yearshifting landscape

Bermuda under EU blacklist threat, claims Richards

Bermudians should regard this Code of Conduct Group as the ‘EU Blacklist Group

Macquarie bankers drug colleague with valium and laxatives

The drugging is believed to have occurred between June 1 and June 10, 2011.

Protection for Trusts Governed by Bahamian Law - Higgs & Johnson

The purpose of Section 8 of the TCGLA is to act as a ‘firewall’ to protect Bahamian law governed trusts from attacks mounted on familial disputes or forced heirship claims emanating from jurisdictions outside of The Bahamas.

Woman loses £50m divorce fight after claiming husband 'set up sham offshore trust'

The pair, who have not been named, had already racked up lawyers' bills of more than £2.2 million.

Edmond de Rothschild fined for alleged involvement in 1MDB scandal

The affair, however, is mentioned in the annual report published in June.

Legal,Regulation,Tax & Compliance