Managers of Wealth

U.K. banks block payments to crypto exchanges

Cryptocurrency users have been taking to social media in recent days to complain about the various crackdowns.

$1B feud involving Leonardo's 'Salvator Mundi' reveals dark side of the art world

The cases so far have kept an army of lawyers and reputation managers employed on either side, as one allegation against another is levied by each party, including claims of intimidation and political intrigue.

Bank of England highlights expectation that financial institutions will carry out climate change scenario analysis

The speech indicates that the NGFS will release an update of its climate scenarios in June 2021.

Crown dependencies risk blacklist as EU debuts tax abuse observatory

‘This is in line with the EU's existing approach to use the listing process to promote internationally agreed good practices.'

Proposed New Framework for Business Taxation in the European Union

BEFIT will replace the long pending but never agreed EU proposal for a Common Consolidated Corporate Tax Base (CCCTB) across the EU.

There is a ‘deal to be had’ on global tech tax reform, Sunak says

Chancellor Rishi Sunak said he wanted to ensure a level playing field between high street firms and online giants.

Green still the colour of money

The emissions revolution that rocked Exxon Mobil is also stirring up California

Biden to Crack Down On Tax Evasion by Crypto Investors

Most employees report their taxes on a W-2 form, and their employer acts as a third-party verifier of that income and employee — leaving the chance of tax evasion in this case small.

China’s Banking Regulator Adds Limits on Wealth Management Marketing

Otherwise the China Banking and Insurance Regulatory Commission’s final regulations differ little from the draft released five months ago that blocked WMP sales on internet platforms.

Secret Credit Suisse Stash, Bahamas in Case Targeting Enablers

Lawyer, banker caught up in case over client’s hidden accounts

Julius Baer Admits Laundering Over $36 Million

Swiss Bank Agrees to Pay More than $79 Million in Penalties in Deferred Prosecution Agreement

Ex-Swiss Banker's Sanction in Brazilian Graft Upheld

Dozens of companies admitted paying bribes to politicians and officials to win contracts with Petrobras.

Opinion on interpretation and implementation of MLI approved

The principles were drawn from public international law, the design of the MLI, and the MLI’s drafting history.

404 Beneficial Owner Not Found: Are EU Public Registers in Place & Really Public?

Delays in establishing public registers & accessibility barriers undermine EU’s progress in ending kleptocratic abuse of anonymous companies

UK signs up to global alliance to protect our oceans and at-risk communities

UK announces membership of the Ocean Risk and Resilience Action Alliance (ORRAA).

Malta: improvement in fighting money laundering and terrorist financing

As a result of assessment in 2019, Malta was requested to report to MONEYVAL under the enhanced follow-up procedure.

Moving to the Cayman Islands

The first two categories, which require an investment in real estate, are the most common and straightforward routes to residency.

Trusts and estates practice splits with Bryan Cave to join private wealth boutique

The new hires will bolster both the firm’s capabilities and reputation, founding partner Louis Harrison said Monday.

Global merger control: Navigating stormy seas

There have been a number of developments in merger control in 2020 and Q1 2021.

1MDB net widens to Deutsche and JPMorgan

With Goldman and AmBank behind it, Malaysia aims further afield with lawsuits.

Legal,Regulation,Tax & Compliance