Managers of Wealth

A new momentum for ESG in Asia

Sustainable investment has actually been around for a long time, particularly in the guise of socially responsible investing.

The ESG conversation in Hong Kong

The interest in ESG is now a truly global one.

SNB forms audit committee with trade unionist

The results of the review would then be presented to external experts.

Italian Princess to appeal against £2 million contempt of court fine

AN Italian princess and TV star has been fined £2 million for contempt of Jersey’s Royal Court and says she will appeal against the ruling in the latest twist in a decade-long battle over a £100 million family trust fund.

Taxing the Wealthy Is Always Popular

The Commission cited a survey conducted in May this year indicating that 63% of respondents supported a one-off wealth tax on households with assets over 2 million pounds ($2.7 million), excluding homes and pensions.

Behind the LVMH-Tiffany Deal: Insults, Lawsuits and Political Intrigue

LVMH Chairman Bernard Arnault faces the challenge of reviving Tiffany during a difficult time for the luxury industry

Swiss hand over remaining $150 million to U.S. from massive Ponzi scheme

About $50 million had previously been returned, the justice ministry said.

New York’s ‘Son of Sam’ Law Invoked in German Heiress Fraud Scheme

The office filed a lawsuit against Anna Sorokin, saying she shouldn’t get paid from streaming platform Netflix Inc. for a coming television series based on her life story called “Inventing Anna.”

The Key Issues Weighing on the City of London After Brexit Deal

The two sides have said they will look to reach a Memorandum of Understanding around regulatory cooperation by March.

Chinese Banking and Insurance Regulator Releases New Guidelines for the Sales of Wealth Management Solutions by Local Banks’ Subsidiaries

According to local sources, the Regulatory Commission is seeking public feedback or opinion, and aims to protect the rights and interests of Chinese investors while promoting the healthy development of the nation’s wealth management sector.

How will Brexit impact sanctions and money laundering rules in the UK from 2021?

This updated sanction list will comprise of the designations which the UK has chosen to carry over from the EU regimes, as well as those that the UK is obliged to implement under UN regimes.

Global demand for second passports "skyrockets" amid pandemic

Many passports that were previously strong have also fallen from grace, due to their leaders' management of the coronavirus pandemic.

UK and EU strike an agreement on their future relationship

Although procedures will be put under unprecedented time pressures, our expectation is that the agreement should be able to be ratified by both the EU and UK sides as required to come into force in time for the deadline.

UBS Dinged in YES Options Case, Complaints Remain on Brokers’ Records

The strategy, managed by a team of New York City advisors who shared production credits with other UBS brokers who referred clients to them, went awry in volatile markets, the investors have claimed.

Luxembourg Update: Important Clarification for RAIFs for RR and RC Appointments

This update is a FAQ regarding persons involved in AML / CFT for RAIFs.

UBS Board Gauges Fallout of ING Laundering Probe on New CEO

Board members have gone as far as informally discussing who could take on the CEO role if the situation with Hamers became untenable.

Rich Americans Who Fear Higher Taxes Hurry to Move Money Now

Some advisers say they’re busier than ever in the last weeks of 2020,

Information Notice has brought clarity to industry's questions over investment into cannabis assets by Guernsey structures

The information notice itself does not represent any official legislation or statute but it does provide those in Guernsey's finance sector with a clear direction insofar as opening the gateway to wider cannabis investment, not just where it is culti

Luxembourg Update: Filing Extensions for 2019 and 2020 Tax Returns

On 21 December 2020, the Luxembourg Finance Minister announced an extension to the filing deadlines for 2019 and 2020 Luxembourg tax returns.

How to limit the risks of serving EM clients: a legal expert's solution

Asset managers dealing with clients directly in emerging markets face an array of legal, compliance, and regulatory risks.

Legal,Regulation,Tax & Compliance