Managers of Wealth

From Panama to the Pandora papers: what’s changed in offshore tax

The rich and powerful continue to evade and avoid tax despite progress in recent years

Switzerland consults on amendments to AML Ordinance

Banks will be required to file suspicious activity reports when they have any 'well-founded suspicion' of criminal funds.

Code of Conduct Taxation 2021

The Code of Conduct is intended to facilitate the efficient application of legal provisions and to strengthen the long established relationship of trust between taxpayers, tax representatives and tax administrations.

How America’s biggest law firm drives global wealth into tax havens

Baker McKenzie has been a pioneer in corporate tax dodging. It now acts for notorious tycoons, arms makers and authoritarian regimes operating in the shadow economy.

Leak reveals how Swiss wealth consultants shield global cast of suspects

Secret files show sprawling industry of enablers exploiting gaps in anti-money laundering laws.

Tony and Cherie Blair bought property via offshore firm and saved £300,000 in tax

Former PM and his wife became owners of £6.5m office building by acquiring offshore company partially owned by Bahraini minister

Police Search Credit Suisse Offices Over Greensill

Zurich's District Attorney said that it had initiated proceedings against one of Greensill Capital's exponents as well as against various unnamed suspects.

IMF recommends CBDC and global crypto standards for financial stability

The new policies recommended by the IMF aim to curb down the financial risks associated with global crypto adoption.

MBaer Merchant Bank AG is a new member of the SBA

The SBA advocates optimal framework conditions at home and abroad.

Nicolas Chaput: At ESG, regulation is our friend

One will continue to participate in the consolidation - also in Switzerland - but act cautiously and take a close look at the companies.

Geneva WM gets Finma licence

In September, Finma said only 180 out of 2,400 companies had submitted an application, which is approximately 7% of all portfolio managers and trustees as of 1 September.

Federal Council initiates consultation on amendments to Anti-Money Laundering Ordinance

The proposed ordinance amendments serve mainly to provide more detail on the adopted measures.

Does dirty money need banking secrecy to thrive?

Recently uncovered suspicious transaction reports, made to the US Financial Crimes Enforcement Network (FinCEN), show Swiss banks moving billions of dollars around the world.

FCA: Benchmarks Regulation: our new powers, policy and decision-making

Benchmarks are used in a wide range of markets to help set prices, measure performance, or work out amounts payable under financial contracts.

The best tax and trust barristers for high-net-worth individuals

The barristers listed below have been selected by Spear’s for their proven excellence in the field

SFO announces investigation into £150m investment schemes after dawn raid

At the same time, the SFO also issued several Section 2 notices, which force companies to provide relevant information.

Policy & Practice for Purposeful Business

The final report of the Future of the Corporation programme

Tax Controversy Update: September 2021

This edition focusses on HMRC’s approach to Wealthy individuals, how this is changing and how your wealthy clients can better prepare for interactions with HMRC.

AutoRek Urges Industry to Prepare for Jan 1 IFPR Start

“From reading the consultation papers, it’s quite staggering to think that this is a simplified approach to prudential regulation,” says Murray Campbell, CASS Business Consultant at AutoRek.

How AIFM Solutions Can Help Your Fund Launch Succeed

Using an FCA-regulated AIFM allows fund managers to outsource the set-up, oversight, and operation of alternative investment funds to a licensed firm with regulatory experience and infrastructure.

Legal,Regulation,Tax & Compliance