Managers of Wealth

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.

South Africans with money overseas – SARS is coming for you

While in the past, expatriate income was largely exempt from taxation, from 1 March 2020, their earnings above R1.25 million are subject to tax of up to 45%.”

Credit Suisse Faces Class Action Lawsuit in the U.S.

In April, the City of St. Clair Shores Police & Fire Retirement System filed a class action lawsuit against the bank in a Manhattan-based federal court for allegedly misleading investors and mismanaging exposure to high risk clients.

Bitcoin divorces skyrocket as spouses stash wealth in cryptocurrencies

Married individuals are concealing assets in cryptocurrencies as top divorce lawyer warns of 'cat and mouse' hunt for assets

The Panama Papers Double Cross How a spy-for-hire got closely guarded dirt on the global elite.

The operative who beat the system was a hybrid journalist/spy-for-hire named Mark Hollingsworth.

OTS continues to tweak CGT as it eyes extending property reporting deadline

Extending the ‘no gain no loss’ window to the end of the tax year two years after the separation is a positive step and should prevent CGT difficulties cropping up unexpectedly.

Credit Suisse and Lara Warner: defeats in New York

The Southern District Court has ruled that former CS executive Colleen Graham may bring her claims and allegations against CS and Warner to arbitration.

Crown 'too focussed on wealth': inquiry

But they exposed the gaming giant to money laundering, with one criminally-linked junket group gambling $20.5 billion at the Southbank casino from 2015 to 2018.

The Shift in Real Estate Trends

There now tends to be greater weighting to commercial real estate, with many residential properties moved to personal ownership.

Cayman Islands family offices and the continuing rise of SPACs

The re-emergence of SPACs in the last couple of years shows no sign of slowing down as the demand for SPAC formations in the Cayman Islands continued to increase in the first quarter of 2021.

Legal,Regulation,Tax & Compliance