Managers of Wealth

French regulator imposes €32m fine on Amundi

The AMF's enforcement committee estimated that two former employees' irregular transactions in 2014 and 2015 resulted in a €48.1m loss.

Record CGT take just a start as speculation remains about reform

This was cut recently to £1million from £10million in the March 20 budget so this will also contribute to future increases.

Tax Justice Network chair and its senior adviser quit in 'disenchantment' row

There now appears to be no one working at or advising TJN who has ever worked in tax, or accounting, or financial services.

HMRC closes unit set up to investigate family investment companies

Authority finds no evidence that the wealthy used FICs for tax avoidance

Butterfield Reaches Resolution With US Department of Justice

The financial payments totaling $5.6 million in respect of Forfeiture and Tax Restitution Amounts are in line with the existing provision included in Butterfield’s financial statements as recorded in 2015 and 2016.

Archegos employees face losing up to $500m in deferred bonuses

Value of deferred pay plan had swelled before Bill Hwang’s family office collapsed

The Swiss prosecutor’s office imputes the president of the Mirabaud bank where the 65 million of the king emeritus were paid | Spain

Mirabaud & Cie private banking was founded in 1819 and has offices and subsidiaries in Switzerland, Canada, France, and the United Kingdom, as well as branches in Madrid, Barcelona and Seville.

SFC fines UBS for regulatory breaches

The SFC’s investigation found that between May 2004 and May 2018

Coronavirus updates for UK employers

This option raises some data protection and privacy issues and the Government makes it clear in its guidance to employers that they must adhere to data protection legislation.

The swing of the ECB is becoming a problem for the SNB

The central bankers in this country would sooner or later be faced with a directional decision.

Australasia Wealth’s former director charged

Knowingly providing false or misleading information to ASIC was an offence under section 1308(2) of the Corporations Act.

Top-tier ranking for Ogier's Guernsey Private Wealth team in Chambers HNW Guide

Described as "excellent value" and "interested in long-term relationships" by clients, the team's "long history and really solid reputation" have led them to achieve this market-leading status.

Leading firm globally in latest Chambers High-Net-Worth guide

Withers is one of relatively few global private wealth practices, with well-regarded teams in London, the US and Asian markets as well as a strong group in Switzerland.

FCA Consumer Duty must also have clarity for firms

PIMFA is also urging the Regulator to give due consideration to the broader regulatory architecture and how its proposals may interfere inadvertently with business models

US targets wealthy tax evaders using Panama law firm

10 institutions including Wells Fargo Bank, BofA, HSBC and Citibank to receive summonses

HMRC identifies AML risks facing the art market

The global art market is valued at more than £50 billion, with an estimated £2.3 billion of this per year linked to financial crime.

International Tax Round-up - July 2021

This publication gives an overview of key international tax developments across the Linklaters network.

Celebrity endorsement by Katie Price inadvertently promotes a Forex Scam to her followers

Most of the money is lost online and the government's National Cyber Security Centre battles to take down hundreds of websites promoting financial fraud as they arise.

New OECD data highlights the importance of the international tax reform discussions

The data, released in the OECD's annual Corporate Tax Statistics publication, shows the importance of the corporate tax as a source of government revenues

EU Money Laundering Overhaul Targets Private Banking

The entire package, totaling well over 300 pages of proposed legislation, certainly looks comprehensive.

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