Managers of Wealth

Singapore Nears FATCA Agreement With US

FATCA, enacted by Congress in 2010, is intended to ensure that the US obtains information on accounts held abroad at foreign financial institutions by US persons.

Citigroup, BNY Mellon Records Sought by IRS in ZKB Tax Probe (1)

ZKB, the biggest of Switzerland’s publicly owned regional banks, “conspired with U.S. taxpayers to help them conceal their foreign accounts,”

Morgan Stanley private wealth manager secretly filmed sex romps: prosecutors

It was a sick reality show, and they didn’t audition for it

Silence is an unreasonable refusal to engage in ADR - Withers

The Court of Appeal has decided that a failure to respond to a reasoned invitation to mediate an ongoing dispute is unreasonable, regardless of whether there were good reasons to refuse to mediate.

Appleby advises Standard Chartered on consolidation of Jersey banking entities

The transaction was ground-breaking in its use of the Banking Business (Jersey) Law 1991

Lawyers call for clarity of rules if UK is to become Western hub of Islamic finance

Hopefully, the announcement will create a larger volume of work

IMF Denies It Favors Wealth Tax

The International Monetary Fund issued a statement on November 05, 2013 denying that it favors a wealth tax

French Assembly Passes Tax Evasion Bill

The French National Assembly has definitively adopted the Government's anti-tax evasion and major economic and financial crime bill. The legislation was passed by 358 votes to 198.

The annual bonus round by Withers

In anticipation of the new year’s annual bonus round, there has been a flurry of regulatory requirements that will have to be taken into account this time around:

Portugal Gazettes Tax Regularization Decree

Appointment Strengthens Geldards’ Private Client Team

I’m also excited about the opportunity to work closely with Geldards’ wide range of successful legal teams

Mishcon Appoints new Family Partner

Her expertise includes advising on asset preservation and protection both in the UK and offshore

Treasures lost under Nazis found in elderly German's flat

A random background check designed to expose money-launderers travelling to Switzerland has uncovered a treasure trove of modern art thought to have been destroyed in Nazi Germany.

Customs agents seizing increasing amounts of undeclared cash

The cash, often in bundles of 500-euro notes, is moving with political currents as some Europeans seek to hide their wealth from rising taxes, high-profile tax investigations and tightening rules at Swiss banks and other traditional havens.

US to curtail offshore tax evasion in the Caribbean

The department said the FATCA is “rapidly becoming the global standard in the effort to curb offshore tax evasion

Private client’s edgy new look

OC gives private client practice a kick up the cut-glass as ‘traditional’ team hits the road

Outsourcing in the asset management industry - FCA

We have published the findings from our review that assessed whether asset managers are effectively mitigating the risks relating to outsourcing.

Bayern president Hoeness to be tried on tax charge

I will work very hard with my lawyers over the next four months so that our arguments convince the court

Madoff Directors "Vindicated" By English High Court

It also confirms English cases on directors' duties will continue to be persuasive in the Cayman Islands

Greed Sometimes Is Not Good': Billionaire Steven Cohen's Hedge Fund Reaches $1.8 Billion Plea Deal

Federal prosecutors announced a record $1.8 billion insider trading penalty against billionaire Steven A. Cohen’s embattled SAC Capital on Monday

Legal,Regulation,Tax & Compliance