Managers of Wealth

UBO in the USA: reporting requirements on the horizon

Businesses will need to keep abreast of developments or enlist the support of a third party who can keep them informed, or even handle compliance obligations on their behalf.

Wealth firm CEO suspended due to suspected looting

He has been accused of taking part in the unrest in South Africa

Third financial dialogue between Switzerland and Saudi Arabia

OPEC+’s dust-up underlines supply management challenges

Demand for oil is therefore accelerating and the Organization of the Petroleum Exporting Countries together with allies including Russia, collectively known as OPEC+, are trying to agree how to balance supply to maintain prices.

Met Police seize record £180m of cryptocurrency in London

The seizure is the largest of its kind in the UK

Carey Olsen a finalist for The Drawdown Awards 2021

The awards are scheduled to take place on Thursday 23 September at the De Vere Grand Connaught Rooms in London.

Inheritance Tax: Being the ‘Bank of Mum & Dad’ may cut your IHT bill - 'Everyone wins'

INHERITANCE TAX may leave Britons with a hefty bill, however, the costs may able to be cut through an approach which ensures "everyone wins".

Bob Diamond’s Atlas Mara faces High Court battle over bank deal

The case comes as Atlas Mara continues to retreat from Africa

G-20 financial leaders agree to move forward on plan for an international tax crackdown

The group will aim for national leaders to approve the plan at a G-20 summit in October.

HMRC provides further clarification on key trust registration issues

We are pleased to report that HMRC has now provided further clarification on several issues.

Long awaited proposal for EU Green Bond Standard published

These initiatives highlight the EU's global leadership in setting international standards for sustainable finance.

UNDP and EBRD reaffirm partnership to promote sustainable development

The two organisations will also collaborate on issues including the digital transformation of small and medium-sized enterprises and the promotion of equality of opportunity for women, youth and people suffering from disabilities.

Guernsey’s insurance regime allows innovation to flourish

Paratus Maritime Insurance Limited was launched to create price certainty, allowing policy holders to manage volatility

Walkers' Jersey Team Advises Suntera Global on Successful Application for Fund Administration Services Licence

Suntera already held fund administration licenses in the Cayman Islands, Bahamas and Isle of Man.

Courts Raise Bail for Envy Director Over Escape Plans

Court-appointed interim judicial manager of Ng's companies, KPMG, estimated his personal expenses at $2 million per month.

Keeping it in the Family: Inheritance Tax Reform and the Challenge of Wealth Redistribution

In the U.K. for example, the modern system of inheritance tax—levied on the value of the individual’s estate upon death

‘LuxLetters’ Investigation Uncovers Tax Loophole in Luxembourg

If tax authorities don’t respond, the letter turns into an agreement and the companies pay as much as they offered to.

FCA, PRA and Bank of England set out plan to improve diversity and inclusion in regulated firms

The discussion paper also focuses on the importance of data and disclosure in order to enable firms, regulators and other stakeholders to monitor progress.

Agents should prepare for an increase in AML legislation due to Brexit

The UK recently decided to opt out of transposing the EU’s 6th Anti-Money Laundering Directive (6MLD) due to many of its requirements being already covered by existing UK law.

A Quantum Leap for Financial Services

The workshop also pointed to the challenge security will pose to regulators in various sectors

Legal,Regulation,Tax & Compliance