Managers of Wealth

N.Y. Regulator Sends Subpoena to Credit Suisse in Tax-Evasion Prob

New York's top financial regulator has sought numerous documents from Credit Suisse Group AG as it ramps up a continuing tax-evasion probe of the Swiss bank.

Millionaire tax fraudster set to stand trial in Cyprus

SCOTLAND'S most wanted man has been held in custody since he was arrested in the Turkish-controlled part of the island

The Jersey Finance Services Commission Clarifies its Approach to Licensing of Limited Liability Partnerships - Appleby

Following changes to the law governing Jersey LLPs in 2013, the Jersey Financial Services Commission recently clarified and confirmed its approach to the licensing of LLPs.

A UK tax update for offshore trustees and professionals - Baker Tilly

George Osborne, in last month’s UK Budget, mainly spoke of positive economic and tax changes in advance of next year’s UK elections. However, his brief reference to offshore was perhaps not so positive: “

What's to be expected in the new SORP by Nick Sladden Head of Charities and Social Enterprises, Baker Tilly

Charities will be able to choose which SORP they apply depending on which accounting standard they use. This will facilitate implementation of the new FRSSE framework which is expected shortly.

Julius Baer sees resolution to US tax probe in foreseeable future

Swiss bank Julius Baer sees itself reaching an agreement with the U.S. authorities in a dispute over tax in the foreseeable future.

Executives slam trade bodies and ‘naive’ FCA for lack of fee guidance

The trade bodies need to liaise

EU U-turn on key information documents

The rules were initially known as Prips - packaged retail investment products

Asset managers deny money laundering

Both defendants also allegedly indicated that they would charge clients more to launder criminal proceeds than to assist in tax evasion.

EU Upholds ABN Amro Acquisition Ban

Dutch Lender Can Appeal the Decision

Ex-UBS broker awarded $5.4 million in case over Lehman notes

Arbitration panel has held the firm liable for misrepresenting Lehman Structured notes as suitable for clients

Broker says messages with UBS banker were 'misleading'

U.K. prosecutors have charged nine people with criminal misconduct in relation to the scandal.

Lawyers need to be kinder to their own wealth

Many of the larger wealth managers on our panel have dedicated teams

Whose Bonus is it Anyway? by Victoria Myerson, Appleby

Writing out a cheque in settlement of an ex-spouse’s claim in divorce proceedings can be an unedifying experience at the best of times, ameliorated only by the certainty that it’s the last instalment.

Non-UK residents, residential property and capital gains tax - Farrer & Co

Historically, non-residents have not been subject to capital gains tax (CGT) unless carrying on a business in the UK through a branch or agency.

Tax evaders face court action in crime blitz

This is a purely civil procedure, and can be carried out without the tax evader being publicly named.

New platform rules allow investment trusts to compete on merit says AIC's Sayers

The cost advantages of some investment companies is under threat.

Credit Suisse Is Said to Be Facing Double-Barreled Inquiries

The subcommittee questioned bank executives

Wealth management sector shrinks under tighter regulations

The fragmented UK wealth management sector is shrinking as firms quit, bulk up or look to service a more profitable slice of the country's growing number of rich clients, to cope with costly new regulations.

More pain lies ahead for British banks

Banks must reconcile the demands of investors, regulators and customers, says KPMG

Legal,Regulation,Tax & Compliance