Managers of Wealth

Jersey Finance welcomes new charities law

New legislation approved by Jersey’s government will help confirm the jurisdiction as a leading, mature and flexible centre for global philanthropic work, according to Jersey Finance.

Accounting giant to buy Parthenon

Ranked among the top 10 management consultancies worldwide.

Switzerland raise legal issues over sharing details of illegal Indian accounts: Arun Jaitley

Jaitley said the treaty between India and Switzerland on information sharing was prospective in nature, the reason why the country was not cooperating on the previous lists of such account holders.

BEPS – Risks and opportunities for the Financial Services sector

Fundamental changes to the international tax environment are set to provide both challenges and opportunities to businesses in the financial services sector.

STEP Private Client Awards - Butler Snow finalist for International Legal Team of the Year

The winner will be announced at the STEP Private Client Awards on Sept. 17 at the Hilton Park Lane Hotel in London.

Black Money: India making all efforts to get Swiss banks a/c holders' list

The Finance Minister said the list of 700 illegal Indian Swiss bank account holders was received from the French government which it had received from the HSBC bank data.

EU Seeks Details on Banker Pay as It Readies Fresh Rules

The new requirements build on rules that already require banks to submit data on the number of employees earning more than 1 million euros ($1.4 million).

Charles Russell Speechlys Combination Set to Transform Top Tier of Private Wealth and Business Law Firms

The partners of both Speechly Bircham and Charles Russell have today voted overwhelmingly in favour of a merger which will create one of the world’s leading private wealth and business law firms.

HMRC nets £1bn extra tax from high net worths

This approach is clearly working as HMRC’s high net worth unit has delivered £1 billion in compliance yield

Failure to Disclose Offshore Accounts Could Cost U.S. Taxpayers 50% of Their Accounts' Value

The IRS has identified at least ten banks whose accountholders face this penalty

UK FATCA and Cayman Funds by Maples & Calder

The UK IGA provides a framework for the implementation in the Cayman Islands of a UK tax residents reporting regime ("UK FATCA") which is similar in scope to the US Foreign Account Tax Compliance Act ("US FATCA").

European Long Term Investment Funds - Assessment of EU proposals

The proposals are designed to provide a framework for retail investment in illiquid asset classes such as infrastructure projects and unlisted companies.

Mourant Ozannes advises on ARC deal

The new collaboration will ensure that ARC has greater resources to support its plans to establish sustainable operations in Europe, North America and Asia.

Guidance for meeting bribery and corruption risks head on

We see yet more global companies caught up in corruption allegations in their international operations, leading many to review their business overseas. Let our quick list of dos and don'ts around the UK Bribery Act help keep you straight.

Ernst & Young settles SEC accusations for $4 million

Auditor independence is critical to the integrity of the financial reporting process

James’s Asset Management LLP/ St James’s Investments (clone)

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out more about this ‘clone firm’.

Retired banker to the Queen jailed over £10million money investment scam

The fraud was operated by Noad's son Matthew, 27, and fellow fraudster Clive Griston, 52, who targeted pensioners in a cold-calling scam.

Investigators Probe the Ways a Swiss Broker Courted Libyan Business

U.S., U.K. Look at Tradition Financial Services and Parties Held for Libyan Officials in Marrakesh

China demands wall around wealth management sector to cut risk

Chinese banks must create a firewall around increasingly popular wealth management services, the country's banking regulator urged, in order to avoid any contagion from higher risk products spreading to normal bank loans.

EBA proposes potential regulatory regime for virtual currencies

But also advises that financial institutions should not buy, hold or sell them whilst no such regime is in place

Legal,Regulation,Tax & Compliance