Managers of Wealth

Firm Targeting Nest Eggs of U.K. Expats Said to Face SEC Probe

About half of the salesmen in DeVere’s New York office have quit or been fired in recent weeks, they say.

Funds industry warned over BEPS ‘collateral damage’ risk

Mr Mancini said industry bodies such as the BVCA and AIMA were providing a degree of pushback to ensure that exemptions for the funds industry were guaranteed, but BEPS still had a long way to evolve.

Billionaire hedge fund manager Gets SEC Waiver to Keep Raising Money for Hedge Fund

A waiver from punishments that automatically kick in when individuals settle enforcement actions.

The Beneficial Ownership Register In The Cayman Islands - Higgs & Johnson

The Laws are not yet in force but are expected to be passed in or around June 2017.

FCA secures eight confiscation orders totalling almost £2.2 million

The Central Criminal Court has made confiscation orders against the two final defendants who were convicted of offences following one of the FCA’s largest investigations into unauthorised activity.

Barclays hit with £1.6 billion insurance lawsuit

Barclays said it will vigorously defend the claim of £1bn in compensation and £600,000 for alleged misrepresentation.

Messi Prison Sentence Stands After Supreme Court Rejects Tax Fraud Appeal

Charges were initially filed against the Argentine footballer in 2013.

JFSC wins prestigious international award

The JFSC’s approach has adopted innovative solutions in the areas of interoperability, confidentiality and cyber security.

Burden of wealth tax will likely exceed benefits, tax practitioners warn

As deadline for submissions to the Davis Tax Committee looms.

Lexinta Strengthens Its Multi-family Office Services in Asia

The visa program is very popular in terms of tax and estate planning, whilst not forgetting the freedom of movement it can offer to an eligible family.

China to Lift Investment Suspension

The fund-raising is carried out through a wholly-owned onshore fund management company and within a set quota.

PwC on the money with Close Brothers audit win

PwC is to take over from Deloitte as auditor of FTSE 250 UK merchant banking group Close Brothers following a formal tender process

French authorities raid soccer stars’ homes in tax probe

Details of the players’ contracts appear to reveal they had avoided taxes by using offshore arrangements to receive payments related to their so-called image rights.

Some Swiss cantons overwhelmed with confessions of tax evasion

The canton of Vaud did not provide any figures.

Malta chairs 'awkward' EU talks on tax dodging

The minister, who said last Sunday that the Malta Files were "fake news", said on Tuesday that they contained nothing new because "you don't leak public data which is freely available online".

German court rules J. Safra Sarasin to pay $50 mln over bad advice

It noted the case dated back to when it was majority owned by another business.

Dutch banks tighten rules for trust offices after Panama Papers

Details of the changes were found in internal documents of Holland Quaestor, the sector lobby group, obtained by the Financieele Dagblad the paper said on Monday.

UAE sin tax spells trouble for Swiss cigar maker

The proposed tobacco taxation may dramatically increase the price of cigars

Standard Life and Aberdeen Asset Management £11bn merger to be probed by regulator

The Competition and Markets Authority opens an investigation which Standard Life says was triggered when it 'filed an application' over the proposed deal

Formula 1 pays just £7m in tax despite having underlying profits of £350 million

The interest is used to reduce the profits for tax purposes under an agreement struck with Revenue & Customs in 2008.

Legal,Regulation,Tax & Compliance