Managers of Wealth

Mark McSherry: Asset managers rail against moves for closer scrutiny

Many of them were asleep at the wheel last time so they want to be wide awake to any potential problems when the next financial crisis starts to rear its ugly head.

Standard Chartered to scour mountains of data for money laundering, with penalty at stake

Both sources spoke on condition of anonymity as they are not authorized to speak publicly about the matter.

deVere CEO slams plans to charge death taxes on the living

“Shocking and outrageous,” is how the boss of one of the world’s largest independent financial advisory organisations describes plans being considered by the government for people to pay inheritance tax (IHT) whilst they are still alive.

The Regulation of virtual currencies - A positive step undertaken by the EBA

The opinion represents the fruits of the EBA’s consultations with other European authorities

Ozouf and Harris to speak at Jersey Funds Forum

Senator Philip Ozouf and John Harris are the latest big names to confirm they will be speaking at the businesslife.co Jersey Funds Forum 2014: The Global Perspective.

The claws are out on bankers’ bonuses

UK regulators have put forward what they say are the world’s toughest rules on bankers’ pay.

Carey Group Achieves a World First

Carey Group has become the first listing agent in the world not based in the Cayman Islands to become a Cayman Islands Stock Exchange (CSX) listing agent.

FCA sets out its approach to financial promotions in social media

The FCA sees positive benefits from using social media but there has to be an element of compliance

Americans Give Up Passports as Asset-Disclosure Rules Start

The number of Americans renouncing U.S. citizenship stayed near an all-time high in the first half of the year before rules that make it harder to hide assets from tax authorities came into force.

EY senior manager walks into Bovill wealth management team

His prior experience includes a four-year stint at the FSA as manager of a thematic review team.

Irish Collective Asset-management Vehicle Bill published

Initial industry feedback estimates that hundreds of ICAVs will be formed in the initial phases representing billions of euros. As a result, it will immediately become one of the most popular legal forms for Irish funds.

Swiss add names to list to prevent bypassing of Russia sanctions

Switzerland decided in March against imposing its own sanctions in response to the Ukraine crisis and its economy minister said last weekend the cabinet had no plans to change this policy.

SEC Charges Four Promoters with Manipulating Marijuana-Related Stocks

The promoters reaped more than $2.5 million in illegal profits through their schemes.

AIFMD rules fuel offshore fund boom

According to a BNY Mellon and FTI Consulting survey of firms in Europe, only two-fifths of asset managers had received authorisation and almost a fifth did not have the required AIFMD structure in place by July 22.

Sidley Austin triumphs for Investec in banker bonus High Court battle

The former bankers argued that they had an unwritten agreement with the bank that their bonuses would be calculated based on an “economic value added” formula, rather than the profit and loss accounts of their desk.

Bonus bashing rule could put off top banking talent

The new rules on remuneration have been imposed due to concerns over excessive risk taking and bankers’ role in the financial crash of 2008.

Doubts over Macquarie Private Wealth compensation

The only people we know who’ve received compensation are people who’ve taken court action or lodged complaints with the Financial Services Ombudsman

Global Forum releases new compliance ratings on tax transparency for 10 jurisdictions

With the release of the latest batch of reviews, the Global Forum has now completed 143 peer reviews and assigned compliance ratings to 64 jurisdictions that have undergone Phase 2 reviews.

10 Most frequently asked questions by Dalila Ver Elst, Senior Compliance Officer, Maitland

FATCA is US law, but what does “UK FATCA” mean?

IMA hits out at European body over dealing commission conflict

The Financial Conduct Authority has cracked down on fund managers charging clients for corporate access and revealed last month that only two of the firms it

Legal,Regulation,Tax & Compliance