Managers of Wealth

Immigration options for those wishing to invest in and relocate to the UK

If the applicant invested £5m or £10m in the UK, they may qualify for ILR after three years or two years respectively.

Marketing into the EU: Considerations for US asset managers

In this briefing we discuss the key considerations for US and other non-EU asset managers

Warning lights flickering for South Africa’s wealthy taxpayer

Tax compliance, proper professional planning and the appropriate use of annual allowances are key to navigate any aggressive changes in tax legislation that may be necessary sooner rather than later,

Cyprus Tax authorities extend the imposition of penalties for late submission on DAC 6

The Tax Department will not begin imposing administrative fines until 30 June 2021

Trust company fined $835,000 for opening ‘gateway to possible money laundering’ in Angola

An investment scheme involving tycoon Jean-Claude Bastos de Morais exposed in ICIJ’s Paradise Papers investigation bore “obvious” risks of possible corruption, a Jersey court finds.

Budget 2021: Non-doms can rest easy for now

The definition of ‘residence’ for the purposes of these rules also differs to that for other UK taxes, which could result in some anomalies.

UBS Set to Use Money-Launderer Case to Cut $5.4 Billion Penalty

UBS and six bankers have three weeks to win over appeals court

Credit Suisse Banker Wins Dispute Over Island Home

After years in the courts, a resolution has been reached with regards to a court case between an Australian billionaire and longstanding Credit Suisse board member Kai Nargolwala over a luxury hideaway in Thailand.

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.

Legal,Regulation,Tax & Compliance