Managers of Wealth

Legal challenge launched against Oxfordshire local plan over climate impact issues

Under the PCPA, councils are required to include climate change policies and to consider climate change guidance in their local plans.

How will the Luxembourg leaks impact UK offshore crackdown?

‘Clients rightly have an expectation of privacy in the conduct of their financial affairs’

Cyprus to lift veil of secrecy with register of company owners

Experts predict some companies will shift jurisdiction rather than reveal their beneficial owners.

Billionaire tycoon loses £78m for trying to smuggle Picasso painting out country

Ex-banker Jaime Botin, 84, one of Spain's richest men, lost his appeal against paying the staggering amount, claiming he was taking the £22m artwork to Switzerland for safekeeping

Outsourcing for banks improves compliance with regulations

Many of these organizations may not realize that there are outsourcing solutions specifically tailored to their regulatory compliance needs.

European Commission proposes new regulation of digital operational resilience in the financial sector

Examples of disruptions affecting ICT capabilities include, for example, cyber-attacks and other incidents, technological failures, as well as other malicious and non-malicious events.

Hedge-Fund Manager Pays $105 Million New York Tax Settlement

The agreement over alleged efforts to evade taxes is the largest False Claims Act recovery in the state’s history

Linklaters Zhao Sheng advises Schroders in preparations to establish a Sino-foreign wealth management joint venture

These measures aim to bring international expertise to the emerging asset management industry and capital market in mainland China.

Princess to appeal against £2 million court fine and decision

THE Italian princess at the centre of a £100 million family wealth dispute spanning several jurisdictions has said she is ‘confident’ as she prepares to appeal against a ruling made by a Jersey court.

When the ATO comes to help – dealing with the Next 5000 reviews

Advisers will receive notifications of client reviews around three months before the ATO starts the review process.

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.

Legal,Regulation,Tax & Compliance