Managers of Wealth

Carey Olsen confirmed as leading offshore law firm to LSE listed clients for 15th consecutive year

The firm's total of 91 LSE clients is more than double the number of clients advised by the next nearest offshore law firm.

Warrant served on UK law firm over alleged 1MDB assets

US says $330m held in Clyde & Co escrow account in London is linked to Malaysian fraud scandal

A Key Player in Malaysia's Biggest-Ever Corruption Scandal Found Sanctuary in Cyprus With Help From a Major London Firm

To solve these problems, Low turned to the sunny eastern Mediterranean island of Cyprus

FCA hit by 80,000 malicious emails every month

This news arrives less than a year after the FCA was criticised for accidentally revealing personal information of about 1,600 people in February 2020.

Ireland Update: Strategy on Remote Working Strives to Keep Up

The Remote Working Strategy confirms the Government’s intention to legislate for employees to have a right to request remote working.

Agreement reached for Greater Bay Area wealth management system pilot phase

This plan intends to reduce cross-boundary restrictions for nearly 70 million residents in the Bay Area cities to access wealth products

FCA report outlines practices firms can consider to reduce failed technology changes

Financial services technology is constantly updated, but when firms implement changes they don’t always go to plan.

UK directors face new liability demands under major audit reform

Far-reaching overhaul of corporate governance set to be unveiled in long-awaited white paper

HMRC awards Open Banking contract to Ecospend

Under the new systems, payments will be sent directly from a payer’s bank account, using validated HMRC details to address the problems with fat finger errors.

Indosuez Wealth Management: «Banning Short Selling Would Be a Bad Idea»

Despite diminishing impact from the Reddit rally, regulators worldwide are actively reviewing the situation and Indosuez believes that there is a possibility for a change in rules though it does not foresee or support an outright ban on short selling.

New rates of stamp duty for non-UK residents from 1 April, says accountants Hillier Hopkins

“The new rates do not apply to commercial and retail properties and are likely to remain attractive for overseas investors.”

Group of experts defines tax-related areas of action for Switzerland

The group of experts was instructed by Federal Councillor Ueli Maurer to draw up areas of action to strengthen Switzerland as a tax location.

Maples Group Supports Major Investment Banks On Landmark Luxembourg Securitisation

The Initial Purchasers purchased notes issued by a Luxembourg special purpose vehicle for the principal amount of US$500 million.

Bank of England says banks need 6 months for any sub-zero rates

“Nobody should take any signal from this,” Governor Andrew Bailey told a news conference.

A New Report Suggests that UK Art Businesses Are Begrudgingly Adapting to New Money-Laundering Regulations

Still, the new rules pose certain challenges.

CH-Force/Debt Rescheduling Fraud: Coordinated operation in Switzerland and Germany

The highly extensive and elaborate structure of the business model identified demands complex and resource-intensive measures that do not in themselves guarantee the success of the criminal proceedings.

Financial Regulation: Daily Update

There is also an option to participate in a team or as an observer in a related US sprint, led by the Alliance for Innovative Regulation, further information on which is available on the webpage.

Tax investigations: HMRC's high risk wealthy programme

It is possible to request, where the tax at risk is great enough, that a dispute becomes part of the HRWP programme, but whether a case becomes part of the programme is entirely a decision for HMRC.

BAHAMAS: Updated Legislation Clearly Defines Financial and Corporate Service Providers

With 340 financial and corporate service provider licensees in The Bahamas, the legislation directly impacts Bahamian entrepreneurs, perhaps more than any other financial services legislation.

Carey Olsen's Russell Clark among 50 most influential private client specialists

As always, my individual recognition is only possible because of the hard work and dedication of my colleagues not only in the Guernsey office but also the wider trusts and private wealth group at Carey Olsen

Legal,Regulation,Tax & Compliance