Managers of Wealth

FCA steps up focus on fair use of client dealing commission

The FCA will work closely with industry and other regulators to ensure that the new European rules deliver the best outcome for investors.

Jersey approves first regulated Bitcoin fund

A regulated Bitcoin investment fund overcomes anonymity concerns about the virtual currency, says its director.

Black money trail: No list of Indians holding money in Swiss banks, says Arun Jaitley

India has been told four days ago that there is no list of Indian tax residents holding assets in Swiss Banks in their own name or through structures

Seneca Partners launches IHT scheme

Seneca has advanced £10m to businesses already and expects to have a loan book of £20m by the year’s end

Offshore Deferred Compensation Update by Withers

In light of this ruling, managers of offshore funds should now be able to defer certain forms of performance-based compensation without the fear of draconian US income tax consequences.

FCA to probe competition in investment banking and asset management

In the asset management sector, the regulator will look at whether sufficient incentives exist for asset managers to negotiate the best deal for investors

More than 20,000 client names of Jersey tax haven bank leaked

In another major blow to international personal tax evasion, the names of over 20,000 wealthy offshore clients of a private bank in the Jersey island tax haven, have been leaked to the International Consortium of Investigative Journalists.

Credit Suisse Says Pension Assets at Risk Unless Court Delays Sentencing

Bank Asks That Sentencing For Aiding Tax Evasion Be Pushed Back to November

Walkers Expands With Ten New Partners Across International Network

Promotions in core practice areas of Investment Funds, Finance and Insolvency.

Former Nedbank staff accused of duping clients

A former financial planner for Nedbank faces charges of theft and fraud for allegedly transferring clients’ money into his own bank account.

Information on expats opening offshore accounts to be shared with HMRC

The UK signed its agreement with the US in 2012

Switzerland: India has been told that there is no list of Indian tax residents holding assets...

Black money trail: No list of Indians holding money in Swiss banks, says Arun Jaitley

Data exchange to combat tax evasion seen affecting Hong Kong private banks

A reporting standard devised by the OECD and the G20 aimed at unearthing hidden wealth will challenge institutions in the city, analysts say

The impact on a trustee of potential holding of criminal proceeds by Mourant Ozannes

This article looks at the implications for a trustee in Jersey faced with the difficult situation where it is suspected that trust assets may be, or indeed have been confirmed as being, the proceeds of crime and/or a civil fraud.

Scandal-ridden bank and Cambridge University set up compliance school

Scandal-ridden bank to provide new training to address bad "track record"

Tax exchange agreements are ‘redundant’, says IoM’s Allan Bell

They’ve served their purpose by stimulating FATCA, and that period of work was absolutely essential to lay the groundwork for the new global structure of tax information.”

Liechtenstein moves to shed tax-haven image

A global crackdown on offshore tax havens following the financial crisis and a 2008 wrangle with Germany over stolen bank data have forced the principality to come clean over its tax policies

Withers appoints seven new international partners

Withers has announced the appointment of seven new partners across the firm's international offices and practice areas. The appointees' new roles took effect from 1 July 2014.

Protection of Charities Bill by Chris Priestley, Withers

The Bill will not appear during the current Parliamentary session.

Australian Tax Office chases offshore old money

The ATO is targeting families whose predecessors may have shifted money offshore years ago

Legal,Regulation,Tax & Compliance