Managers of Wealth

The Regtech Revolution: Compliance and Wealth Management in 2017

This outlay can limit a firm’s ability to invest in growth.

Firms employ wealth arms to enhance legal businesses

More hires are expected, with Mr Brett looking to replicate the best practices of the largest asset managers in the business.

Three Former Traders for Major Banks Indicted in Foreign Currency Exchange Antitrust Conspiracy

The charge in the indictment carries a maximum penalty of 10 years in prison and a $1 million fine.

EU Greens claim Malta could be put on tax haven blacklist

However, a new report on Malta’s tax system published by the European Green Party today suggests that, if European countries were also to be screened, Malta could fail to pass the test itself, depending on the interpretation of criteria by the EU.

Panama Papers come back to haunt Iceland politics

The centre-right government in power at the time called for an inquiry into tax havens.

UBS cries foul over $18.5M FINRA arbitration ruling

The couple claimed breach of fiduciary duty and unsuitability, among other misconduct.

Big Data, Big Risk? Privacy and Security Tips for Fintech Companies - Blake, Cassels & Graydon

The sheer volume of the information increases its sensitivity because over time a fintech company may generate a very detailed and complete picture of an individual.

Dormant Accounts: How a Theft Changed Swiss Banking

He assumed they were proof for banking relations with victims of the Holocaust and removed the documents.

Jail in a gilded cage: How wealthy criminals are turning their suburban homes into prisons so they don't have to spend time behind bars

The requests highlight inequalities between the wealthy and defendants of lesser means who languish behind bars

Weekly Tax Update 9 January - Smith & Williamson

Included in this Weekly Tax Update: Confirmed date for Spring Budget 2017, ATED rates, updated guidance on BEPS action 4 and more.

1MDB scandal: Federal Police assisting probes into Malaysia's wealth fund

The AFP continues to evaluate these allegations it would not be appropriate to provide any further comment at this time.

Trustees and conflicts of interest – sidestepping the rule against self-dealing - Withers

It is a basic principle of trust law that trustees may not put themselves into a position where their personal interests conflict with their duties as trustee.

New guidance from HMRC on inheritance tax residence nil rate band - Withers

HMRC have produced guidance and 18 case studies explaining points such as the following

Tax cheats jailed for more than 730 years in 12 months alone, new figures reveal

HMRC took 679 fraudsters, company directors, accountants and gangsters to court

Tax Shelter Guru Gets $60 Million IRS Penalty And No Day In Court

Judge Valerie Caproni of the US District Court for the Southern District of New York has ruled that Mr. Larson does not get his day in court on the merits of the penalty, because he has not paid the whole thing.

Global investigations – the outlook for 2017

For multinational companies, the regulatory and enforcement landscape remains one which merits attention, both for internal investigations and in response to government inquiries.

Italy now trying to entice taxpayers to declare hidden cash

Now the state is trying again with a “Voluntary Disclosure 2.0” that got underway at the start of the year.

Deloitte Calls For An Innovation-Friendly Tax Regime In Singapore

Innovation does not necessarily involve the creation of something new from scratch

When the FEDS Went After the Hedge-Fund Legend Steven A. Cohen

Inside the government’s nearly ten-year battle against one of the most powerful men on Wall Street.

Ex-Visium hedge fund manager to face trial on U.S. fraud charges

The trial follows a criminal probe that prompted the $8 billion investment firm's wind-down and charges against three others

Legal,Regulation,Tax & Compliance