Latest News for: Offshore financial wealth


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 ...

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.

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.

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 ... .

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.

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.

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.

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.

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.

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. .

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.

Country Garden: How bad is China's property crisis?

Reuters 17 Aug 2023
It has led to many unfinished homes, unpaid suppliers and creditors who are not only financial institutions but also ordinary folks who bought wealth management products linked to trust financing.

Forget the Cayman Islands, the United States is now the place to avoid tax

The Daily Telegraph 14 Aug 2023
By signing up, countries agree to automatically exchange financial account information – making it harder for individuals to conceal their wealth offshore without the rest of the world knowing about it.

How the elite use offshore savings to grow their wealth – and how you could too

The Daily Telegraph 02 Aug 2023
“From an asset protection perspective, the starting point for lawyers involved in divorce, bankruptcy or other legal proceedings where your wealth might be under threat is your ‘local’ financial assets – what you own domestically.

The tug of war between exchange rates, interest rates and inflation

Business Day 12 Jul 2023
Offshore investing is a complex and specialised area of wealth management, and it is essential to engage with a financial planning professional to ensure that you are making an informed and appropriate decision for your specific needs. .

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President Joe Biden and Vice President Kamala Harris meet with cabinet members and staff for a report of the Task Force on Worker Organizing and Empowerment, Friday, February 4, 2022, in the Oval Office of the White House.
White House / Adam Schultz