Managers of Wealth

US Tax Reform is Coming: What it Could Mean For You?

The top long-term capital gains rate would be increased from 20% to 25% for taxpayers in the highest ordinary income tax bracket, effective for sales after September 13, 2021

The new EU Commission AML/CFT legislative package revealed

If adopted as such, it will trigger substantial amendments to the current AML/CFT framework.

Proposals to reform the GDPR are significant but not radical

The key uncertainty is whether it will provoke the EU into revoking its adequacy finding for data transfers to the UK.

Basel III implementation in the European Union

Introductory remarks by Pablo Hernández de Cos, Chair of the Basel Committee on Banking Supervision and Governor of the Bank of Spain, Eurofi panel on Basel III implementation in the EU, Ljubljana, 10 September 2021.

5 Reasons Your Firm Needs a Comprehensive Compliance Strategy

For 21st-century financial services firms, one directive is clear: firms must improve the effectiveness and efficiency of their compliance programmes to out-perform the competition and succeed over the long term.

SEC Surpasses $1 Billion in Awards to Whistleblowers

The SEC has awarded approximately $1 billion to 207 individuals since issuing its first award in 2012.

Swiss Bank Queried by Senator on Tax Evasion Case

Bank held accounts of indicted software tycoon Robert Brockman

Police in Europe Bust International Investment Fraud Network

The vaguely-worded statement did not say how many victims suffered losses and failed to provide specific information on how many websites were involved, how many businesses or sham agents, or how long the investigation will continue.

Mirabaud's U.S. Political Woes Deepen

It also said that was unaware of Brockman’s real involvement in the accounts held with the bank, as none of these were in his name.

Apex Group partners with VCP Advisors to create Apex VCP

The joint venture further supports the Group’s expansion strategy for global fund marketing and distribution services.

Switzerland to include crypto in Banking Act

Swiss National Council passes bill to adopt changes to the Banking Act.

Ogier leads offshore with five named in Citywealth Private Client Top 100

The independently curated list presents the top 100 Private Client Lawyers for 2021 who went above and beyond for their clients during the pandemic.

Non-doms probed by HMRC for suspected unpaid tax

The correspondence has been sent to those whom HMRC believes might have failed to declare and pay an annual levy known as the “remittance basis charge” (RBC) — which kicks in after non-doms have been UK resident for at least seven years.

Macfarlanes advises J O Hambro Capital Management

The Macfarlanes team for this matter was led by investment management partner Lora Froud with assistance from solicitors Tiffany Cox and Emma Garnham.

Wills and Estate Administration for Non-UK Residents

Following the tax changes over the last few years on UK residential properties, there has been a mass de-enveloping of UK residential properties held in trusts and offshore companies, a significant proportion of which are now held in individual names.

Legal,Regulation,Tax & Compliance