Managers of Wealth

Switzerland takes over presidency of Intra-European Organisation of Tax Administrations

The FTA has been a member of IOTA since 2006 and has been a member of the nine-member Executive Council since summer 2019.

EU watchdog: Insufficient transposition of legislation results in unlevel playing field against money laundering

For a start, the EU should use regulations in preference to directives wherever possible, given the need for legislation to be implemented coherently at member state level, he added.

Office of the Attorney General of Switzerland opens investigation

The Swiss investigation aims to clarify whether in relation to this complex of facts any offences could have been committed on Swiss soil.

French court rejects constitutional challenge by UBS in tax case

Lawyers for UBS argued in the appeals trial three months ago that despite whistleblowers coming forward

UK: Overview of the taxation of cryptoassets

Because of the volatility in the crypto market, actually valuing cryptoassets on disposal can be complicated.

Private client review for June

In this article, the June monthly update review for Tax Journal, Edward Reed and Mark Stichbury look at a number of private client developments.

BIS Annual Economic Report 2021

In the coming year, issues such as corporate insolvencies and capital and labour reallocation will come to the fore.

Deutsche Bank compensates Spanish winemaker over forex scandal

German lender pays €10m to JGC to settle claims of mis-selling exotic derivatives

Celebrating Major Milestones in London and the Channel Islands

Jack Boldarin: London was our first international office outside of the Cayman Islands 20 years ago because we believed then, as we do now, that being a leading player in London is vital to our global client base.

The free flow of personal data from the European Economic Area to the United Kingdom can continue (at least for now)

The European Commission stated it would reassess the need for this exclusion following developments in UK law.

Top lawyer at City watchdog used celebrity tax avoidance scheme

The celebrity tax avoidance scheme cost the taxpayer £52m and included the likes of Jimmy Carr, Wayne Rooney and Arsène Wenger

Carey Olsen named best offshore law firm

The award win follows in the footsteps of Carey Olsen's trusts and private wealth practice maintaining its Tier 1 listing in the 2021 edition of eprivateclient's Top Offshore Law Firm rankings, and its back-to-back success in the offshore law fi

Met makes one of world's largest cryptocurrency seizures

The seizure was carried out by detectives from the Met’s Economic Crime Command on the back of intelligence received about the transfer of criminal assets.

OECD amends model digital platform reporting rules to offer option for extended scope

The new document comprises two parts: a new module containing amendments to the original model rules and interpretive guidance, and a new multilateral agreement to support the international exchange of information collected.

Carey Olsen advises Quotient

Quotient intends to use the net proceeds from the offering for the continued development of the multimodal, multiplexing MosaiQ platform, to prepare for its commercial launch and for other general corporate purposes.

FATF votes to greylist Malta

Global anti-financial crime watchdog advises enhanced monitoring for Malta

Macfarlanes advises Epiris on sale of wealth management firm Saunderson House

The sale, which remains subject to regulatory consent, is expected to close in the third quarter of 2021

Hong Kong Trust Industry Spotlight: Taking centre stage

An in-depth view into the growth opportunities and outlook for Hong Kong’s trust industry

The power of money: how autocrats use London to strike foes worldwide

The twist is that Tyshchenko was one of the lawyers on the other side.

Swiss Court Convicts Executive of Insider Trading

His prosecution is emblematic of far stricter enforcement of Swiss insider trading rules, which were buttressed more than ten years ago.

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