Managers of Wealth

Seba Bank opens Abu Dhabi office

The office opening in Abu Dhabi will further accelerate the considerable growth that SEBA Bank has achieved over the past year.

Investec to seek UK court approval over Ninety One distribution plan

The court will be determined whether, for the purposes of voting at the court meeting, Investec PLC UK-registered shareholders and Investec PLC South African-registered shareholders should be treated as a single class in which case they would vote togethe

Agnelli Family Pays €746M in Italy Tax Dispute

Exor SPA had applied participation exemption regulations in 2016, when it merged with its Dutch subsidiary Exor Holding N.V., which would have excluded nearly all capital gains from taxable income in calculating the exit tax, the report said.

‘Golden visa’ lawyers call for UK to rethink blanket ban

Critics say end of scheme risks billions in overseas investment due to myth that ‘foreign money is dirty money’

Finma contacts Credit Suisse after leak reveals criminal clients

The Organized Crime and Corruption Reporting Project alleged Credit Suisse flouted international banking rules by having human rights abusers and criminals as its clients.

Complex Ownership Structures: Addressing the Risks for Beneficial Ownership Transparency

The report attempts to address some of the comments at the roundtable which questioned whether there is a need to regulate complexity or whether there’s adequate evidence that complexity is actually abused.

Credit Suisse Accused of Downplaying Murders at Trial

For the Federal Prosecutor's Office, the incidents are a convincing argument for the inadequate money laundering defense at Credit Suisse

Singapore Punts on Wealth Tax

That doesn’t mean Singapore’s wealthy will walk on paying their share of the city-state’s growing needs.

Assessment of Risks to Financial Stability from Crypto-asset

Direct connections between crypto-assets and systemically important financial institutions and core financial markets, while growing rapidly, are limited at the present time.

U.S. Tax Issues Linger For Some Swiss Banks

Threatened with criminal charges, ZKB reached a settlement with the U.S. Department of Justice (DoJ), which at the time included a fine as well as a probationary period of several years.

An Overview of OECD Pillar 2

Addressing the tax challenges raised by digitalization has been a priority of the OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS) since 2015.

Carey Olsen secures third straight year as leading legal adviser to Jersey funds

The firm's third year atop the annual rankings follows five years of standout growth

Wealth management platform advised by A&O

The A&O team is led by private equity partner Karan Dinamani

In Pursuit of Protection

Strong guidance has now been provided by the Royal Court of Jersey in the recent case of Re Jasmine Trustees [2021] JRC 248.

Treasury and FCA move to regulate the marketing of cryptoassets in a similar way to high risk investments.

The result is that previously unregulated cryptocurrencies and cryptoassets will be brought into the financial promotion regime for the first time.

Chinese Exile Guo Wengui Held in Contempt, Must Pay $134 Million

The Lady May made the news in 2020 when Trump ally Steve Bannon was arrested on unrelated federal charges while on board the vessel

Ex-Credit Suisse banker says she told bosses "everything" about Bulgarian clients

Swiss prosecutors allege that Credit Suisse and the former relationship manager did too little to prevent the alleged drug traffickers hiding and laundering cash between 2004 and 2008, despite indications that the funds could be of criminal origin.

Accuro expands commitment to matters of equality by signing up to 51 Employers Pledge to raise menopause awareness

Menopause awareness is not well understood in most working environments and we want to do what we can to change this.

Carey Olsen and Oakbridge support Lorton Entertainment on launch of debut film fund

The Carey Olsen team acting as lead counsel to Lorton on the launch comprised partner Chris Griffin and counsel Andrea Steel.

Ex-JPMorgan FA Wins $1.4M in Defamation Case

JPMorgan discharged Luckett in June 2017

Legal,Regulation,Tax & Compliance