Managers of Wealth

Specialists to thrive as clients seek compliance

In short, legal, tax-compliant structures are the only way forward.

Merrill Lynch launches case against ex-Miami team members

The two flagged their intention to leave with client details and envoke the protocol when resigning from Merrill.

CS Offices Visited by Authorities

Then, the bank's Milan offices were searched by the tax police, reportedly over whether a Bermuda subsidiary of the bank helped wealthy Italians hide undeclared funds.

We lose £11.4bn a year in tax evasion – won’t we need that post-Brexit? - George Bull

We’ve been studying HMRC’s tax gap figures spanning six years. The results are startling. While tax avoidance is at its lowest level ever, tax evasion and the hidden economy seem to be increasing inexorably, costing the UK £11.4bn a year

Testing the Protocol, Merrill Sues Team Members Who Left with Client Data

Since Doria was a private wealth relationship manager and Casuscelli a financial analyst, neither was protected under terms of the protocol that applies to brokers only

Former UBS AG Hong Kong banker charged by ICAC in HK$1.5 million bribery case

The defendant was working in the bank’s global wealth management and business banking team.

Cayman Top Offshore Jurisdiction For Dealmaking in 2016

With the volume and value of deals down from 2015, the report found 2016 marked a return to business as usual as transactions reset to levels familiar before the 2015 outlier.

Chinese banks race to stay liquid, funded ahead of PBOC risk inspection

Wealth management products (WMPs), often linked to shadow banking, have seen explosive growth in the last few years even as authorities try to contain risks from a rapid build-up in debt.

Rich people love tax havens—and under Trump, the problem will only get worse

The allegations shed that much more light on the murky world of offshore financing.

DLA Piper announces cooperation agreement with Peruvian firm

This is in addition to the firm's cooperation agreement with Campos Mello in Brazil.

Tax Evasion: FG Goes After Nigerian Billionaires

It is a pity that Nigeria has one of the lowest tax regime ratio globally at 6 percent.

Wolters Kluwer Real Rate Report® Shows Law Firm Rates Rising at the Fastest Pace Since the 2008 Recession

Law firms benefit by leveraging the report to understand market competition and demonstrate their relative value during negotiations.

Exchange control relaxations for fund managers? by Magda Snyckers

The first statement in the Budget Review entitled “Tax treatment of foreign member funds” reads as follows:

Advice firms look to technology for regulatory answers

Now large advice firms are already eyeing its potential to help them reach more clients, through even more channels, without the compliance hangover.

Collyer Bristow ranked in eprivateclient Top Law Firms 2017

The rankings are based on a survey of over 140 UK law firms based on data from 2016 with 46 firms being selected.

Appleby Ranked in Band 1 in Mauritius

Gilbert Noel was one of only two lawyers to be ranked in Band 2 in the same category.

Towry court case casts shadow over Tilney adviser exits

Towry famously failed to uphold restrictive covenants in court and Tilney has tried to tie advisers into even stricter contracts.

Tax haven debate shows many people don't know the difference between a business and a company

Companies exist to box up ownership and control and allocate responsibility and risk.

Temenos Claims Collaboration Between Banks and Fintech Key to Survival

The study shows that new regulations are pointed out as one of the top 3 biggest impacts on the banking industry over the next three years

The many shades of corporate tax evasion

We need better and more data to detect and deter tax evasion by companies

Legal,Regulation,Tax & Compliance