Managers of Wealth

Business interests tie Webb, Takkas to Cayman company

Webb and Takkas, a British national and former longtime resident of the Cayman Islands, were arrested in Zurich, Switzerland, on May 27 and are fighting extradition to the U.S.

DOJ readies fresh round of hefty bank settlements

The settlements involve mortgage securities that the banks sold in the run up to the financial crisis.

Ex-Blatter Ally Warner Promises to Release FIFA Funding Secrets

Warner faces prison for his alleged role in more than $150 million in payments made and accepted by 14 officials and sports-marketing executives

Achieving Regulatory Alpha through Regulatory Enterprise Risk Management

From managing systemic risk to enhancing transparency and investor protection, firms are grappling with balancing the demands of an ever-changing regulatory landscape with limited budgets and operational resources.

Strengthening the international community’s fight against offshore tax evasion

Australia, Canada, Chile, Costa Rica, India, Indonesia and New Zealand join multilateral agreement to automatically exchange information

Bank tied to Fifa scandal has chequered past

Delta National Bank appears more than 24 times in US charges against football officials and has had at least three prior run-ins with authorities

Swiss prosecutor drops probe into money laundering at HSBC

The move clears up one of the numerous investigations around the world into HSBC’s Swiss private banking unit, which faces allegations of aiding clients to avoid tax and laundering money from illicit sources.

Gibraltar QROPS operator accountability set to rise

Gibraltar QROPS operators could see their responsibilities as a trustee extend to include the due diligence of overseas financial advisers

deVere Group launches tax consultancy

One of the world’s largest independent financial advisory organisations has today launched its standalone tax consultancy division.

Investigation leads to missing Baltic millions in Switzerland

The data also reveals that Latvia's ABLV bank is linked to significant amounts of money in HSBC's controversial Swiss accounts.

New Company Incorporations Rise in Majority of Offshore Jurisdictions in 2014

Mauritius standout of all offshore jurisdictions, onshore comparator China remains ‘world’s engine room’ for company registrations

No safe havens… by Gary Heynes

Perhaps surprisingly, Switzerland is one the first to sign up to an automatic exchange agreement with the EU, with Andorra, Liechtenstein, Monaco and San Marino set to follow. This means that very soon there will be no safe haven for hidden funds…

Rothschild Pays $11.5 Million for Helping Americans Evade Taxes

“The days of safely hiding behind shell corporations and numbered bank accounts are over,” said Acting Assistant Attorney General Caroline D. Ciraolo of the Department of Justice’s Tax Division.

Orrick hires Akin Gump partner to launch new office in Geneva

Liborio focuses on commercial and investor-state arbitrations involving infrastructure projects

Webb remains in Swiss jail, bail unlikely

The Swiss authorities have confirmed that Jeffrey Webb and his co-defendants held in Zürich are unlikely to get bail

UK Pensions And France. What Can And Can’t You Do?

We are now in the new age of UK pensions, where you have complete freedom to do whatever you wish with your funds… depending on what type of pension you have, that is.

International law firm continues dramatic US expansion

The majority of the new team joins the firm from the Private Client Services Group at McKenna Long & Aldridge and comprises well-respected and highly experienced trusts and estate planning, charitable giving and trusts and estate litigation lawyers.

Brokerage Heads Promise Improved Disclosures

Mandated disclosures are tricky to get right; if written in a way consumers can easily understand, there is a good chance they aren't disclosing enough

Battling Knockoffs: A Primer on Spotting Fakes Online

Luxury resale site Vestiaire Collective shares its secrets to identifying luxury imposters.

International law firm extends asset management practice to Europe

This team has extensive experience in advising private fund managers in relation to the structuring and establishment of a wide range of private investment funds.

Legal,Regulation,Tax & Compliance