Managers of Wealth

Foreign investment regulation - Trends in south east Asia

The Government has also increased its public commentary regarding its desire to ensure that the PNG national interest is protected and promoted.

Encouraging Enforcement: Moving towards a concerted international effort to see anti corruption laws enforced

There is a renewed enthusiasm in the international community to develop effective and co-operative anticorruption enforcement methods. Companies should consider how this will affect their business and where necessary, review the corporate responsibility p

Baker & McKenzie Appoints Two Mexico Partners to Lead Global Practice and Industry Groups

The announcement was made as part of the leaderships changes at the Firm's Annual Meeting, held last week in London.

A Popular Irish Corporate Tax Loophole Is Now Dead — Here Are Three Other Loopholes

The Irish have officially killed the much-loved corporate tax loophole known as the "Double Irish."

Former UBS high-flier set for US tax fraud trial

A former top-level UBS banker will stand trial in the United States this week accused of helping rich Americans evade millions of dollars in taxes.

Global Shell Games: Testing Money Launderers

The researchers could not find a single example of one company service provider in the Cayman Islands willing to set up an anonymous company but by contrast, it was easy to find a service provider in the UK who would do that.

Former IRS Chief, Taxpayer Advocate Criticize FATCA

This week brings a wealth of news in the FATCA arena, which we summarize in today’s post.

Managing the Requirements - and Costs - of Regulatory Reporting By: Tom Kirkpatrick, SS&C

The increase in regulatory reporting requirements has become a major challenge for many investment managers.

'Internationalisation' is the word of the moment in private client circles

The continued developments in the market have prompted law firms to reinvent themselves with a clear strategic objective of the clients they are pursuing and the segment of the market in which they wish to compete.

Establishment of the Charities Regulatory Authority - Matheson

Many of the provisions of the Act, which was enacted in 2009, have not yet been commenced.

French PM says millionaires' tax won't be renewed

Also today: why World Bank staff are happy a senior executive is giving up his bonus.

End of Swiss banking secrecy in sight by 2018

Long the bedrock of the Swiss financial sector, banking secrecy has come under mounting pressure since the global financial crisis.

Global law firm establishes presence South Africa

Johannesburg has become a key hub for local and international banks

Who’s getting the beach house? Tell your heirs now

Many Americans find out about their inheritance only after their parents have died. But as the country gears up for the greatest wealth transfer in U.S. history, experts are urging more transparency around the often-taboo topic of who gets what.

Switzerland says will begin talks with EU on sharing bank data soon

Switzerland will begin negotiations soon with the European Union and some other countries on automatically sharing data on Swiss bank accounts held by foreigners

Global Banks Face 25% Loss-Absorbency Rule in FSB Plan

The largest global banks will have to hold more capital and liabilities than previously reported that can automatically be written off in a crisis as much as a quarter of risk-weighted assets as regulators take on lenders deemed too big to fail.

Ex-UBS Exec Says Swiss Reports Belong In Tax Evasion Trial

A former UBS AG wealth management and banking head charged with helping U.S. taxpayers conceal their assets wants two public reports from Swiss banking authorities to be included in his trial.

U.S. Prosecutor Masterminded $37 Billion Bank Penalty Win

Outgoing Attorney General Eric Holder and his former No. 3 Tony West have dominated the limelight following multibillion dollar settlements against JPMorgan Chase & Co.

Offshore law firm advises Investec Asset Management on funds migration

Offshore law firm has advised Investec Asset Management Guernsey Limited on the migration and re-domiciliation from Ireland to Guernsey of Investec International Funds, a $1.2 billion fund of funds unit trust.

Elite private banking duo to fight back

The elite private banking duo may take legal action accusing the firm of wrongful termination for their firing last month, their attorney says

Legal,Regulation,Tax & Compliance