Managers of Wealth

Wall Street Enforcer Becomes First Black U.S. Attorney for Manhattan

Damian Williams is taking charge of the office known for being the nation’s most aggressive prosecutor of white-collar crime.

Switzerland Hands over Account Information

The FTA sent information on around 3.3 million financial accounts to the partner states and received information on around 2.1 financial accounts from them.

Exchange of information with 96 countries on around 3.3 million financial accounts

The legal basis for the implementation of the AEOI in Switzerland came into force on 1 January 2017.

GFG Alliance and Credit Suisse agree on debt deal

In the UK, GFG announced that it will invest £ 50 million ($ 68 million) in restarting Liberty Steel's Rotherham blast furnace.

7IM in legal battle with former partner; £23m acquisition bill

Assets under management at Seven Investment Management rose 24% last year on the back of acquisitions by the group.

Parliamentary group publishes 'fraud and theft within families' report

‘Tackle the elephant in the room’

Guernsey's new bespoke private wealth structure

Trusts have long been the “go to” structure for the holding of family wealth for its protection and for passing it on to future generations.

Rates Unchanged, But Gradual Liquidity Withdrawal

Global central banks across the world have indicated taper over the last month.

A growing worry for charities: Tax havens for the rich

When the wealth of an American individual or couple exceeds a threshold - $11.7 million or $23.4 million, respectively - each dollar value above that level, once bequeathed, is subject to a federal estate tax of up to 40% for each generation.

Post-Brexit push: FCA to market London's financial services sector abroad

With the Treasury now planning to respond to the report in autumn ministers have hinted that financial regulators could be required to factor Britain’s global position in the financial services sector into policy decisions.

Switzerland calls for legal certainty in the implementation of the key parameters in international corporate taxation

This measure benefits countries like Switzerland with a comparatively long legislative process.

UK: Registration of overseas entities

There will be a new requirement for the Land Registry to enter a restriction on the title of land owned by an overseas entity

136 nations agree to biggest corporate tax deal in a century

OECD-led pact sets 15% floor aimed at raising $150bn annually as US wins two-year ban on tech levies

Global tax deal inches closer as holdout Ireland agrees to sign up

The G-7 and G-20 nations agreed earlier this summer to join forces to tackle tax evasion and harmonize rules across the globe.

Regulation, Supervision and Oversight of “Global Stablecoin” Arrangements

Progress Report on the implementation of the FSB High-Level Recommendations

EU must step up its game against harmful tax practices, says Parliament

The governance would also need to be reformed to make decisions binding and the decision-making process more transparent and efficient.

Overview of joint and several liability notices for tax avoidance, tax evasion and repeated insolvency

This guidance is about the ‘Joint and several liability of company directors etc’ legislation

BofA Gives $200 to Merrill Lynch Wealth Management staff who are vaccinated

While the new policy stops short of a mandate, it provides a financial incentive to get the shots and return to the workplace.

Tavistock escapes £7m tax charge on wealth business sale

The deal was made alongside a 10-year strategic partnership between Tavistock Investments and Titan Wealth which will see Tavistock act as Titan’s retail distribution partner.

FATF - Consolidated assessment ratings

FATF and FSRBs conduct peer reviews on an ongoing basis to assess how effectively their respective members' AML/CFT measures work in practice

Legal,Regulation,Tax & Compliance