Managers of Wealth

Swiss Supreme Court Clarifies Illicit Fishing Expeditions In International Tax Assistance Procedures

It was enacted only to secure the due execution of international tax assistance inquiries.

Lawyers warn super funds to expect class actions

This is despite the law recognising a tolerance for investment strategy losses from the development of complex intermediated structures.

Cayman Islands vote could pull back veil of secrecy for businesses

The Cayman Islands, a U.K. territory long considered to be an offshore tax haven.

Adviser network Nexus Global expands to Latin America

Nexus was originally set up to offer its experience and expertise to European advisers in the areas of business strategy and compliance, and provide a regulatory umbrella.

RBC battles former executive after dropping Volcker strategy

Phiri first filed a lawsuit in New York State court in December against RBC's U.S. investment banking division

Appleby advises AshbyCapital on £217 million acquisition in London's Fitzrovia and subsequent refinancing

The acquisition included the purchase of units from Kaupthing ehf in two separate Jersey Property Unit Trusts.

Spanish princess’s husband gets six years over €6m tax fraud

She was accused of siphoning off money from a state-backed real estate company.

Wealthy individuals wary of special voluntary disclosure

Too expensive to encourage optimal uptake, tax experts say.

China regulators set new rules for asset managers as debt fears grow

The proposed new rules aim to unify the regulation of the asset management industry under leadership of the central bank in order to improve oversight of the sector.

Asset managers push back against UK rule change proposals

Chief among the regulator’s planned solutions was the creation of a single ‘all-in’ fee, to help investors better understand the cost of investing, including how much the fund pays to buy and sell investments.

Swiss want Plan B for tax reform by mid-2017

Most Swiss recognise the country needs reform to avoid being blacklisted as a low-tax pariah

Guernsey – a ‘BEPS-compliant jurisdiction’

Guernsey is continuing to take steps to build on its position as a BEPS-compliant jurisdiction. A year ago the island established a base erosion and profit shifting (BEPS) working party to assess the OECD’s October 2015 BEPS Action Plans, as well a

Citigroup settles on $5 million fine with South African authorities on forex collusion case

This figure does not exceed 10% of Citibank N.A.’s annual turnover in the Republic of South Africa.

Business Property relief a benefit in family succession says Wilsons

The band, which sets out the level up to which no Inheritance Tax is applied on an inheritance.

New Global Private Client Practice launched

The Global Private Client Practice advises families, family offices and trust companies on tax, business and other legal issues as they interact with the United States.

Gresham House PLC Launch of new investment platform

Berkshire will conditionally subscribe for up to a maximum of 2,546,372 new Ordinary Shares

HSBC Boosts CEO Gulliver's Pay as Bank's Bonus Pool Drops 12%

He received 64 percent of his potential bonus, while he will also get a new long-term incentive that could be worth 4 million pounds for 2016 if all targets are met by 2019.

AIA forms new asset management entity to serve group businesses (Amended)

AIA Singapore's former chief investment officer Cheong Poh Kin has been appointed chief executive of AIAIM and will lead the team of investment professionals.

The Vatican froze €2 million in funds suspected to be connected with money laundering in 2016

Milano gave no details in his speech but added that the total amount of suspect money frozen between 2013 and 2016 was about 13 million euros.

Has the Art Market Become an Unwitting Partner in Crime?

But some experts are now saying this sort of discretion — one founded in a simpler time

Legal,Regulation,Tax & Compliance