Managers of Wealth

Noose tightens on tax havens in global crackdown

The goal should be to make the Bahamas "the Monaco of the Caribbean", says Ryan Pinder, former minister of financial services on the islands.

UAE banks warn customers on new international tax compliance measures

The measures will make it more difficult for people to avoid paying taxes and will start taking effect next month.

New inheritance tax rules to impact non-domiciles holding UK property through offshore companies and trusts - Harneys

As we have previously advised the new legislation will have practical implications for those who purchase, hold or sell UK residential property through offshore structures.

German regulators are investigating whether Porsche may have been involved in Volkswagen's emissions scandal

The news follows reports last month that the U.S. Environmental Protection Agency and California regulators had opened investigations into similar allegations involving VW luxury-car subsidiary Audi.

Verdict expected in French budget minister's tax scandal

The scandal fueled public mistrust of traditional politicians and demands for more transparency

10 Reasons To Use Offshore Bonds for UK Resident Non Domicile Clients

Long term UK residents, those who become deemed domiciled having spent 15 out of the last 20 years with UK residence, will lose the ability to claim the remittance basis.

HMRC chief calls for tax crackdown on Premier League footballers

Jon Thompson tells MPs that offshore image rights payments are most significant tax avoidance issue in football

HMRC investigating 43 football players over tax arrangements

The tax body was investigating 43 football players over their use of offshore image rights companies

France's honest tax system crusader convicted for hiding millions of euros

Jérôme Cahuzac, appointed by Hollande to lead clampdown on wealthy avoiders, hid cash in a secret Swiss account for 20 years

Whistleblowers need greater legal protection

The overriding theme is clear - times are difficult, mistakes have been made and businesses and individuals have a duty to do the right thing.

FINRA Fines Credit Suisse Securities (USA) LLC $16.5 Million for Significant Deficiencies in its Anti-Money Laundering Program

A significant portion of the data feeds into the system were missing information or had other issues that compromised the system’s effectiveness.

NY Court of Appeals Finds Personal Jurisdiction Based on Use of NY Correspondent Bank Accounts

Courts and practitioners may have to reconsider their assumptions about personal jurisdiction in future cases.

Charities fined over 'wealth screening' data breaches

The ICO said the two charities had employed wealth management companies to analyse the financial status of supporters.

Abu Dhabi Death Knell for Najib & Co: 'We are committed to bringing him to justice' - UAE Royals refuse to let Khadem Al- Qubaisi off

He is also believed to have run a lucrative embezzlement and money-laundering racket which brought millions to his personal account

Legal,Regulation,Tax & Compliance