Latest News for: Offshore financial wealth

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Top 10 countries with the largest offshore financial wealth

Business Day Online 07 Oct 2024
Offshore financial wealth refers to assets held abroad, often in jurisdictions with favourable tax policies, low regulation, and high confidentiality. read more Top 10 countries with the largest offshore financial wealth ... .
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ALEX BRUMMER: Sir Patrick Sergeant leaves indelible legacy

This is Money 20 Sep 2024
There is a lurking worry that a newly minted Labour government, by penalising wealth, could drive financial services – much more mobile in the age of AI – offshore ... the tick-tock of financial news.
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HK should leverage three mega trends for its future

China Daily 31 Jul 2024
Initial public offerings of blockbuster stocks have slowed, but the Hong Kong Special Administrative Region continues to excel in wealth management, financial innovations and functioning as the largest offshore renminbi pool ... "Change is a constant ... .
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Dismantle the global system that lets the rich hide their wealth

The Hill 26 Jun 2024
Leaders from around the world have hidden their wealth offshore, including former or then-serving prime ministers of Argentina, Australia, the Czech Republic, Iceland and the United Kingdom; finance ...
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UBS CEO warns Switzerland may lose world’s wealth hub status

Eye Of Riyadh 21 Jun 2024
Countries such as Hong Kong, Singapore, and the United States are competing strongly with Switzerland and making significant progress to be the world’s offshore wealth management hub, Financial Times reported, citing Ermotti.
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FEATURE: Offshore banking; a haven for corrupt politicians

B & FT Online 11 Jun 2024
For many, the move offshore is driven by legitimate financial strategies, seeking to optimize wealth and secure financial stability ... by a desire to evade justice and maintain their ill-gotten wealth.
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Itaú Bank discusses offshore services, Miami Open and more

Business Journal 02 May 2024
The CEO at Itaú USA spoke exclusively to the Business Journal on its wealth management offshore operations, the Miami Open sponsorship and financial services conducted in the Miami office ... .
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Two-way financial opening-up to expand more this year

ECNS 30 Mar 2024
To further expand financial opening-up, China will support high-quality Chinese enterprises to go public overseas and issue offshore bonds for financing.
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Britain lets Armenian president’s family own luxury properties using dark money

Blitz 09 Feb 2024
The opulent streets of London, long associated with the rich and famous, have become the backdrop for yet another tale of hidden wealth and offshore companies ... offshore structures to obscure ownership.
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Navigating 2023: A financial odyssey through tech, AI and economic recovery

Independent online (SA) 12 Jan 2024
People started to get worried about whether there was a contagion in other financial markets ... * Rushmere, CFA is an investment analyst from Levantine & Co, a specialist offshore wealth management firm.
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Ukraine's real power broker

Business Insider 18 Dec 2023
As clan leaders became billionaires, through their capture of industrial and financial assets, Ukraine remained desperately poor, its wealth routinely pumped out of the country into offshore accounts.
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Exchange of information and the fight against cross-border tax evasion

B & FT Online 22 Nov 2023
EOI is the process by which countries share financial information or taxpayer information ... These individuals transfer their assets and wealth to tax havens or offshore financial centres ... Caruana-Galizia, “Offshore financial activity and tax policy.
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LÉONCE NDIKUMANA: Africa at a crossroads: geopolitics and power, the global tax justice road map

Business Day 06 Nov 2023
Their new seat at the table can help shape a new agenda at the G20, one that includes tackling illicit financial flows, from putting an end to tax avoidance by multinationals to ensuring offshore wealth in tax havens is appropriately taxed. .
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Chan meets former governor in London

Hong Kong Standard 21 Sep 2023
With staunch support from the central government, he said, Hong Kong will actively consolidate and enhance its status as a financial, asset and wealth management center and an offshore yuan hub.
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Shattering Glass Ceilings: Augmenting wealth management for women

Financial Express 08 Sep 2023
For women to truly be financially empowered, and to advance and develop their wealth creation aspirations, there needs to be a transformation in the way women investors engage with their wealth managers.
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