- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Dutch banks are freezing accounts under FATCA

FATCA was passed in 2010 and forces banks wanting to operate in the US to report any assets held by American citizens overseas.

EU watchdog says can meet deadline for UK clearers after Brexit

Britain and the EU have agreed they would seek to complete assessments for equivalence by the end of June.

Risky corporate debt is piling up, out of sight from global regulators

Private equity firms also use billions of dollars of debt to take over public companies and, ideally, spruce them up and make more competitive.

SMCR burden to hit solo-regulated advice firms hardest

As freeze on FCA register updates means they will likely need to self-report their status

France to cyber-stalk suspected tax avoiders on social media

Budget minister says it is ‘one more tool to fight fraud’

'Hasty' and 'meaningless': Industry responds to IR35 review

But the review has been branded “meaningless” by some in the industry who claim it will not tackle the key problems surrounding IR35.

Cross-border transactions face EU anti-money laundering overhaul

Attempting to stop the movement of illicit funds across international borders is one of the new text’s priorities

Businesswomen Launch Manchester Law Firm

They have established the new venture in a bid to challenge not only the "traditional law firm model", but also the current fee share models which have evolved over recent years.

Cambridge tops Grant Thornton’s sustainable growth index for sixth year - and South Cambridgeshire is close behind

South Cambridgeshire was close behind, coming seventh in the overall index and sixth for dynamism.

Berlin-based Finoa closes multi-million seed funding to transform the digital asset sector

The custody platform enables its users to securely store and manage their cryptographic tokens, while providing a directly accessible, highly intuitive and unique user-experience.

Greece joins the club of countries favouring non-dom status

According to the tax bill, for an investor to be taxed at the minimum of €100,000

Guernsey to stay on Netherlands tax blacklist

By drawing up its own stringent blacklist, the Netherlands is once again showing that it is serious in its fight against tax avoidance,

Egrant inquiry uncovered ‘hidden’ Pilatus filing system

Bank wanted a ‘perfect’ report

Shareholders Unsuccessful in First Class Action Against Directors

The judgment concerns the recommendation made by directors to shareholders, and disclosure of information ahead of a shareholder vote approving the acquisition.

London Loan Brokerage struck off company register after £237 million London Capital & Finance minibond scandal

Minibonds offer high returns, reflecting the much higher risks involved compared with other types of investments.

FCA and Bank of England announce proposals for data reforms across the UK financial sector

The Financial Conduct Authority and the Bank of England (Bank) today outlined their plans to develop their data and analytics capabilities.

Central Bank of Ireland resists bid to up workload in EU money laundering fight

Bank objects to being made to gather the information the EU requires to combat illicit deals

Bank of England to investigate Wall Street giants over their financial reporting

The move comes after US rival Citi was fined a record £44m in November by the PRA for “serious and widespread” reporting and governance failures.

Challenger banks remain vulnerable despite successes

Buy-to-let has boosted some post-crisis entrants but reasons for caution persist

Banks Looking to Recruit More Staff to Check for Money Laundering in 2020

Qualified candidates are few and far between, demand is high

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