Swift backlash against EU’s anti-money laundering blacklist
US and Panama angry with 23-strong list, as critics say its process was ‘flawed’
US
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Julius Baer’s US tax evasion charges dismissed
In 2016, the Swiss bank agreed to pay $547m and settle tax evasion allegations
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Deutsche Wealth defends plunging Chinese equities
The trade war with the US, in a worst case scenario, could cost China around 0.5% of its GDP
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American expats could avoid income tax on foreign earnings
The bill proposed by Republicans aims to shift to away from citizenship-based taxation
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DeVere to consolidate position in adviser market after US sale
The firm is set to sell its operation in the US and will make ‘major acquisitions’ with the proceeds
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Lifestyle retirement goals main financial target for US HNWs
BMO Wealth Management surveyed more than 1,000 investors about receiving a massive windfall
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‘Market downturn’ expected over next two years
US wealth advisers also said their biggest worry for 2019 in the financial sector is a ‘big market correction’
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Blackrock and Microsoft to build retirement planning platform
Investment and technology capabilities of the firms will ‘help more people make better decisions’
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RBC Wealth Management opens US risk prevention division
Advisers are in a ‘unique position to help mitigate the risk of financial exploitation’
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US equities take top spot in advisers’ 2019 predictions
Aegon surveyed UK financial advisers on their investment thoughts for the next 12 months
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Over half of US HNW investors buying art blind
UBS Wealth Management’s report looked at the attitudes and behaviour of wealthy art collectors
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Celebrities hit with first US initial coin offering fines
Boxer Floyd Mayweather and music producer DJ Khaled failed to disclose payments to endorse ICOs