Managers of Wealth

Desire to be A True International Citizen Drives Demand for Second Passports in the Region

As the number of HNWIs increase in emerging economies, so does the expectation for freedom of movement

OECD Core Principles of Private Pension Regulation

The revised Core Principles now include all funded pension arrangements, reflecting changes in the nature of private pension provision

Tax Inspectors Without Borders making significant progress

The projects focus on revenue recovery and improving local audit capacity while sending a strong message on the need for tax compliance.

Herbert Smith Freehills - Financial regulation e-bulletin

The Competition and Markets Authority (CMA) is taking steps towards introducing Open Banking to provide customers with more control over their accounts and financial services.

WDX partners with FCA authorised firm to endorse their award winning CRM solution

The upcoming MIFID II guidelines and the ongoing revision and tightening of regulatory policy around KYC and Suitability over the past few years

Where Do Lawyers Fall In The Top Income Brackets?

The road to obtaining one of these positions is also arduous.

Switzerland signs joint declaration on introduction of AEOI with Mexico

Both countries intend to start collecting data in accordance with the global AEOI standard in 2018 and to exchange it from 2019 onwards.

Cayman Islands Court of Appeal upholds Weavering preference claim

The first instance proceedings marked the first successful attempt by liquidators of a Cayman Islands investment fund to seek the return of redemption proceeds paid to an investor on the basis of preference.

Mark to Market freezes - Freeze planning in an estate tax-free environment

The exact contours of these implications are yet unknown, and much of this will depend upon if, how and when any changes to the transfer tax laws occur.

Football stars face 'life-changing' tax bills over film scheme

Tax advisers it would issue tax payment demands amounting to large multiples of the amounts invested

The Malta Residence and Visa Programme

The Programme has been introduced for individuals who are not nationals of the EU, EEA, Switzerland

The ex-Russian oligarch taking on Irish authorities

Because I know that in Russia, officials don’t like to take responsibility for making a decision.

EXCLUSIVE: How Standard Chartered Bank ignored Nigeria’s rules on Forex

The bank is to make the refund, being excess profit made from the sale of $48.6 million to a foreign customer above the inter-bank market exchange rate agreed by all operators and approved by the CBN.

FinTech Proposed Regulation to Lower Market Entry Barriers

This proposal marks the first concrete step to facilitate FinTech at a governmental level.

National Security Reviews: A Global Perspective

Governments worldwide are focusing greater scrutiny on foreign direct investments into their countries. As national security reviews of foreign investments grow more prevalent, knowing the rules can help you prepare for any outcome.

FCA finds weak price competition in some areas of the asset management sector

The Financial Conduct Authority has today published the interim findings of its asset management market study

JPMorgan Chase Paying $264 Million to Settle FCPA Charges

JPMorgan also is expected to pay $72 million to the Justice Department and $61.9 million to the Federal Reserve Board of Governors for a total of more than $264 million in sanctions resulting from the firm’s referral hiring practices.

Banks release more dormant account names

The dormant account register was started last year as a result of changes to the banking law.

High Court confirms tax evasion by companies linked to wealthy businessman Vanda Gould

It also found Mr Gould was an Australian resident for taxation purposes.

Proposed Swiss bribery law preserves tax break for illegal profits

It leaves untouched the practice of letting companies take a deduction for illegal profits seized by regulators.

Legal,Regulation,Tax & Compliance