Managers of Wealth

Banks offer mortgage fixed rate of 0 per cent for 20 years

Denmark’s official bank interest rate stands at 0.05, while Switzerland has the only official bank interest rate of below zero

Heirs to art-dealing Wildenstein dynasty facing tax fraud retrial

The cornerstone of the Wildenstein family riches is its extraordinary art collection, which was founded by Guy’s great-grandfather Nathan, a cloth merchant from Alsace.

Medicinal cannabis firm ready to start growing and exporting from the Island 'within weeks'

Chrystal’s statement says that facilities are in place to start growing and exporting medicinal cannabis from the Island within weeks.

Financial Markets Regulatory Outlook 2021

Recover, renew, rebuild

A Small Tax Change Is a Boon for Permanent Life Insurance

Insurers worried that a government rule from 1984 threatened certain products—and sought Washington’s help

The role of an AIF depositary

Its main objective is to enhance investor protection by increasing the depositary missions and responsibilities.

FCA sounds alarm bell over high risk cryptoassets

Consumers should be wary if they’re contacted out of the blue, pressured to invest quickly or promised returns that sound too good to be true.

AJ Bell Removes VAT from MPS and Lines Up New Responsible MPS

VAT is being removed from AJ Bell’s annual management charge of 0.15%

Black Swan – Resuscitated

In bringing the Act into force, the legislature has followed the tradition in England and in a number of other offshore financial centers

Financial Regulation Update

Firms that have concerns about their ability to meet their obligations due to Covid-19 should contact the FCA through their regular supervisory channels as soon as possible.

Deutsche Bank pays nearly $125m to resolve US bribery and fraud claims

The order further finds that these payments were inaccurately recorded as legitimate business expenses and involved invoices and documentation falsified by Deutsche Bank employees.

Private Funding of Legal Services Act, 2020: the codification and expansion of litigation funding in the Cayman Islands

The Act abolishes the offences of champerty and maintenance and provides welcome certainty for litigants looking to manage the expense of litigating in the Cayman Islands.

British hedge fund tycoon hit with £1.5bn fraud charge by Danish authorities

The Danish tax authority says it was deceived into paying multiple refunds on dividends to British firms between 2012 and 2015.

UK Inheritance Tax Reform: rates, reliefs and responsibility

The OTS’s report has flagged that the effective rate for very large estates (i.e. estates over £7m) is, in fact, in the region of 10% once all relevant reliefs and exemptions are properly applied.

‘Significant number’ of firms could fail this year

It says it has been “rapidly increasing” the data it collects on regulated firms and last year sent a survey to 23,000 firms to get a picture of their financial resilience during the pandemic.

UK Inheritance Tax Reform: lessons from Europe

As for the connecting factors based on where to charge IHT, most European countries use either the situs of the assets or the residence of the donor (and more rarely the residence of the donee) as the connecting factor to charge succession or donation tax

Legal,Regulation,Tax & Compliance

Banks offer mortgage fixed rate of 0 per cent for 20 years

Heirs to art-dealing Wildenstein dynasty facing tax fraud retrial

Medicinal cannabis firm ready to start growing and exporting from the Island 'within weeks'

Financial Markets Regulatory Outlook 2021

A Small Tax Change Is a Boon for Permanent Life Insurance

The role of an AIF depositary

FCA sounds alarm bell over high risk cryptoassets

AJ Bell Removes VAT from MPS and Lines Up New Responsible MPS

Black Swan – Resuscitated

Financial Regulation Update

Deutsche Bank pays nearly $125m to resolve US bribery and fraud claims

Private Funding of Legal Services Act, 2020: the codification and expansion of litigation funding in the Cayman Islands

British hedge fund tycoon hit with £1.5bn fraud charge by Danish authorities

UK Inheritance Tax Reform: rates, reliefs and responsibility

‘Significant number’ of firms could fail this year

UK Inheritance Tax Reform: lessons from Europe

US antiquities trade to face far stricter oversight in 2021

Financial Regulation Update

Brooks Macdonald removes VAT from its managed portfolio service

Zurich airport opens testing facility