Managers of Wealth

Beware Of Swiss Banks Urging OVDP

A client recently received a letter from a Swiss bank “strongly encouraging” the client to enter the Internal Revenue Service Offshore Voluntary Disclosure Program

The Best Offshore Solutions

Tom Carey and Ben Morgan of Carey Olsen tell HFMWeek how Guernsey has maintained its solid reputation following the implementation of AIFMD

Howes Percival promotes private client lawer to partner

Lindsey has over 20 years’ experience in private client law and is also a specialist in the administration of estates, lasting powers of attorney and Court of Protection cases, including related taxation issues.

Jersey hosts four day conference and seminar in partnership with the US Securities and Exchange Commission

The purpose of the conference is to encourage international co-operation between securities authorities in order to protect investors

Cyprus and India closer to resolving double-tax dispute

Cyprus has provided all the tax information and documents requested

Jersey set to stage US SEC conference

The seminar will provide an overview of the SEC’s regulatory framework

BlackRock: Regulators Shouldn’t Conflate Asset Managers With Owners

Banks invest their equity capital and deposits in an assortment of balance sheet assets

Former Leeds chief accused of £3m fraud by club’s ex-owners

The former Leeds United chief David Haigh has been accused of financial mismanagement to the amount of $5m by Gulf Finance House Capital, his previous employers and majority owners of the club until April this year.

FINRA Fines Barclays Capital, Goldman Sachs and Merrill Lynch $1 Million Each for Submitting Inaccurate Blue Sheet Data

The Financial Industry Regulatory Authority today announced it has censured and fined Barclays Capital Inc.; Goldman, Sachs & Co.; and Merrill Lynch, Pierce, Fenner & Smith, Inc., $1 million each for failing to provide complete and accurate infor

SEC delays case against Steven Cohen

A federal judge on Tuesday granted a request to delay a lawsuit by the Securities and Exchange Commission against Great Neck native and hedge fund owner Steven Cohen, according to published reports.

SS&C hits century and a half

2,000 funds now have access to compliance and reporting services through SS&C GlobeOp’s Regulatory Solutions Group

Leading international law Celebrates Fifth Anniversary in Singapore

The firm has significantly expanded its team to 11 lawyers, making it the largest offshore law firm by some distance in Singapore.

Former UBS Trader Adoboli Renews Bid to Appeal Conviction

He argued at trial that managers at Zurich-based UBS pushed him to take too many risks and that rule-breaking at the bank was rampant

Increase Tax on Dutch Wealthy:OECD

Labour and consumption are heavily taxed, while wealth is taxed lower than in other Western European countries

Russian anti-offshore initiatives: Updated Draft Law on Controlled Foreign Company rules and other measures

On the 18th of March the Russian Ministry of Finance published a draft law on anti-offshore measures.

WMA calls on Europe to put brakes on regulation

Legislation drafted by the European parliament set to come into force in the next few years

Speechly Bircham boosts Paris team

Her arrival observes a strategic bridge to an offering that is already firmly focused on serving private equity investors and corporates, as well as tax planning, corporate and litigation services for wealthy families and entrepreneurs.

Swiss banks risk bigger than expected fines in U.S. tax case

Swiss banks under investigation for allegedly aiding U.S. tax evasion face the prospect of bigger fines than they bargained for that could dent their capital and force some to cut dividends.

UBS Probed in Belgium Over Money Laundering, Organized Crime

UBS Belgium, the bank’s local arm, helped to organize the transfer of large amounts of money to Switzerland

The Lawyer Awards 2014 Shortlist: Private Wealth Team of the Year

In our first in-depth look at our awards shortlisters, the private wealth contenders show how they have shined in the face of globalisation and tougher legislation

Legal,Regulation,Tax & Compliance