VIRTUAL ROUND TABLE
FAMILY OFFICE PRIVACY
In this Virtual Round Table, Family Office Privacy will be considered in light of recent international developments aimed at achieving greater levels of disclosure and transparency of internationally held private wealth.
The following key initiatives will be considered in detail, applied to a hypothetical multi-jurisdiction Single Family Office:
(a) Public Beneficial Ownership Registers;
(b) Opaque Offshore Structures;
(c) Mandatory Disclosure Rules;
(d) Economic Substances Rules;
(e) Common Reporting Standard (CRS);
(f) Foreign Account Tax Compliance Act (FATCA).
Developments in the principal offshore and investment jurisdictions will be taken into account, including:
(a) Cayman Islands and British Virgin Islands;
(b) Jersey, Guernsey and Isle of Man;
(c) United States of America;
(d) European Union; and
(e) United Kingdom.
The webinar will concentrate on the practical impact of recent developments, what professional advisors and wealth planners will need to take into account in advising family office clients, legitimate steps that may be taken to protect the privacy and security of at risk clients and the long term implications to the international private wealth industry.
Specific cyber security risks will also be discussed, highlighting areas of increased vulnerability and steps that can be taken to enhance family office cyber security.
I'm very grateful to be joined by:
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Nancy Chien, Partner, Head of International Private Client, Bedell Cristin, Jersey
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Aki Corsoni-Husain, Partner, Head Global Tax and Regulatory Department, Harneys, Cyprus
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John Shoemaker, US Counsel, Butler Snow, Singapore
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Steve Sokic, Group Head of Private Wealth, IQEQ, Jersey
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Andrew Ho, Head of Private Wealth, IQEQ, Singapore
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Paul Jackson, Regional Managing Director, Cyber Security & Investigations, Kroll, Hong Kong
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Gerallt Owen, Managing Director, Cyber Risk, Kroll, Singapore