These changes will certainly make things more complicated for wealth managers. (They) will have to factor in every high net worth client's residence and domicile. Mark Wightman More Quotes by Mark Wightman More Quotes From Mark Wightman If you look at the fines globally, which firms have been fined the most in terms of anti-money laundering, you wouldn't find the Chinese banks near the top of that list although some have been asked to tighten procedures. Mark Wightman most-read-articles Everyone will be looking at their client bases in a lot more detail as they have to store info on client tax residency as well, and manage any potential challenges to that, so that's another question the banks are struggling with. Mark Wightman most-read-articles The days of undisclosed assets being held offshore will, in time, become a thing of the past. Mark Wightman company-news
