Managers of Wealth

Budget 2021: Taxing Questions

Ahead of chancellor Rishi Sunak’s first post-pandemic budget, we look at changes to the UK tax regime being considered by the government, and the practical steps investors might consider in the meantime

Anti-corruption NGO slams ‘weak’ Swiss corporate crime laws

Legislators and law enforcement agencies must ensure once and for all that companies are consistently held criminally accountable for misconduct.

EBA Revises Guidelines on Money Laundering

The Guidelines are central to the EBA’s work to lead, coordinate and monitor the fight against money laundering and terrorist financing.

GAM to initiate orderly wind down of GAM Greensill Supply Chain Finance fund

GAM will ensure that all clients are treated fairly and is embarking on the process of returning their full investment to them in an orderly manner.

Divorce law change 2021: less blame, less pain

The “no fault” divorce law, due to become effective by autumn, is aimed to limit some of the blame and hurt that marital splits often entail. But what are the other implications of the change?

Walkers Shortlisted for the Business to Arts Awards 2021

In their evaluation, the judging panel focused on the level of success and creativity in achieving both the business and artist's objectives, the history behind the partnership and how it has been successfully activated.

Swiss Firms Escape Criminal Charges, Non-Profit Criticizes

The deft use of simplified proceedings legal proceedings cloaks investigations in secrecy, which means some of the largest financial and commodities scandals to play out in Switzerland never come to light.

Global Britain: Beyond Brexit

The reality is probably somewhere in the middle, but there are good reasons to believe that the idea of a Global Britain is not too fanciful.

Old guard Swiss banks tackle money laundering with blockchain

Many regtech projects are working out ways to automate the Know Your Customer and Anti-Money Laundering regulatory process.

Jurisdictions under Increased Monitoring

The FATF does not call for the application of enhanced due diligence measures to be applied to these jurisdictions, but encourages its members to take into account the information presented below in their risk analysis.

OECD calls on countries to crack down on the professionals enabling tax and white collar crimes

White collar crimes like tax evasion, bribery and corruption are often hidden through complex legal structures and financial transactions facilitated by lawyers, notaries, accountants, financial institutions and other professional enablers.

British Property Tycoon Emerges as Investor in Alleged Art Scam

The dealer, Inigo Philbrick, is now facing U.S. fraud charges

MIFID Firms– What is the Central Bank of Ireland's Focus for-2021?

The CBI updated its COVID-19 FAQs to list factors investment firms should consider when looking to pay dividends and variable remuneration, given the impact COVID-19 has had on the markets and the economy in recent months.

Cayman Islands, Morocco Placed on Terror-Financing Watch List

The Financial Action Task Force has added four jurisdictions to its list of countries subject to increased monitoring

The taxation of cryptoassets

An individual will be subject to income tax on the profits made when disposing of cryptoassets, if they are classed as ‘trading’.

'What the Right Hand Gives, the Left Takes Away': SDLT Surcharge for Foreign Buyers of UK Property Set to Come into Force

The surcharge applies to the purchase of properties in England and Northern Ireland only (Scotland and Wales having their own equivalent SDLT charges)

Legal,Regulation,Tax & Compliance