Daily Wealth Letter from The Wealth Forums 02 Dec. 2016

Reports — By on December 2, 2016 at 3:08 PM
Ian Brodie

Ian Brodie

Daily Wealth Letter
a daily synopsis of the wealth news that’s most relevant, timely and dependable

Compiled and edited by Ian Brodie of The Wealth Forums (www.thewealthforums.com)

NUMBER 348  FRIDAY, DECEMBER 2, 2016

Problem clients get the boot

Thousands of clients are being booted out of bank accounts in Asia’s wealth management industry, which is cleaning up after a money laundering scandal in Malaysia, the ‘Panama Papers’ expose, and a global push for tax transparency, bankers say.  READ MORE: http://thewealthforums.com/2016/12/02/problem-clients-get-boot/

Rootless rich consider Dubai, Monaco

Numerous international families living in Britain are beginning to re-examine their options. Within days of the Brexit vote, Britain’s rivals were rolling out the red carpet for any wealthy foreigner residents considering a move following planned changes to the taxation of “non-doms”, residents whose domicile or permanent home is abroad, the FT reports.  READ MORE: http://thewealthforums.com/2016/12/02/rootless-rich-consider-dubai-monaco/

Average wealth falls, millionaires flourish

The number of millionaires living in the Middle East and North Africa (MENA) has grown by 330 percent since 2000 and is expected to reach 460,000 by 2021, according to new research by the Credit Suisse Research Institute (CSRI).  READ MORE: http://thewealthforums.com/2016/12/02/average-wealth-falls-millionaires-flourish/

 

The Wealth Letter is published every business day by The Wealth Forums: www.thewealthforums.com

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