Capital Trustees is a full member, unique in Ticino, of the Swiss Association of Trust Companies (SATC), the association that brings together trust companies that professionally perform trustee services in Switzerland and that enjoy great prestige and excellent reputation. As such, the company is required to adhere to a code of ethics and conduct in the progress of its business.
Capital Trustees SA, as a professional financial intermediary, is subject to supervision over the proper fulfillment of its due diligence obligations under the Money Laundering Act (MLA). This supervision, under the jurisdiction of the Swiss Financial Market Supervisory Authority (FINMA), is carried out through affiliation with the Canton Ticino Self-Regulatory Organization (OAD-FCT), which is itself subject to FINMA authorization.
The Law on Financial Institutions (LisFi) will govern the conditions of authorization and the organizational requirements for financial institutions subject to prudential supervision. LisFi intends to consolidate in a single regulatory act the supervision of all financial service providers who exercise, in any form, asset management activities, including the trustees among the subjects subject to prudential supervision.
The big news is the introduction of a supervision of asset managers and trustees similar to that currently existing for banks. Prudential supervision of asset managers and trustees will be undertaken by one or more supervisory bodies that must be accredited by FINMA (Federal Market Supervisory Authority) to exercise their functions.
For authorization purposes, specific conditions must be met, including the company’s capitalization, professional insurance coverage, the adoption of internal control and risk management systems, the presence of professional and qualified managers. Capital Trustees SA has already adopted a series of measures in line with the new standards.
ranking Global Competitiveness Report (World Economic Forum)
billions of USD assets held by CH banks (¼ of the world market)
Swiss Nobel Prizes. 3rd in the world ranking per capita 2017
Our team is extremely qualified and with a proven track record on legal, tax services and corporate fields.
We are not bound by exclusive rights with third-party companies, nor are we part of banking or financial banking groups. This makes us free to evaluate and offer our customers from time to time the service that we consider best in the concrete case, as well as to collaborate without pretense with the professionals and the institutions already of their reference.
We respond to the demands dictated by an increasingly deeper globalization of interests with our international vocation, which manifests itself both through the work of a multilingual team with a sustained familiarity with supranational themes and by benefiting from the collaboration of a well-established network in important financial centers.
By orientating the high professional profiles towards the resolution of questions and the achievement of concrete objectives of the Customer we provide a personalized service to be declined in concrete management activities.
We carefully monitor the environmental changes we are facing, with particular regard to both the technological aspects and the legal reference framework, promptly adapting the internal organizational processes, the profile of the services provided and the relative mode of use.
We are aware of the need to always provide clear and timely responses and the responsibility that is entrusted to us through often absolute delegations on the management of problems or resources and therefore aware that this trust once it has been returned must be ensured. Our personal commitment and dedicated passion are therefore unconditional
Malta has incorporated certain provisions of the EU Fifth Anti-Money Laundering Directive into its beneficial ownership registration regulations. From 1 January 2020, any person can inspect the name, month and...Read More
Ireland’s central register of beneficial ownership of companies was officially launched on 29 July, after a postponement allowing certain clarifications to be made regarding beneficial owners’ personal public services (PPS)...Read More
The trustees of a GBP80-million discretionary settlement executed in 1968 have obtained court permission to treat one of the settlor’s descendants as a beneficiary, although she was born before her...Read More
The United Arab Emirates has introduced economic substance legislation, Cabinet Resolution No. 31 of 2019, with the aim of being removed from the European Union’s blacklist of uncooperative jurisdictions. The...Read More
HMRC’s powers to demand information from non-residents have been further extended by the First-tier Tax (FTT) tribunal to include ex parte third-party information notices. Until this year, it was generally...Read More
Italy’s special tax regime for newly resident workers (lavoratori impatriati) has been extended by decree this month, significantly broadening its size and scope. The tax exemption for Italy-sourced income is...Read More
The Luxembourg tax authority is the first to officially announce sanctions against jurisdictions designated by the European Union as ‘non-cooperative’ for tax purposes. Under Circular LG-A no.64, Luxembourg resident companies must...Read More
On May 29, 2019, the Brazilian Federal Senate approved Provisional Measure No. 869/2018 (Medidia Provisória No. 869/2018, MP), which amends the General Data Protection Act (Lei Geral de Proteção de...Read More
Bern, 29.05.2019 – During its meeting on 29 May 2019, the Federal Council adopted the dispatch on the introduction of the automatic exchange of financial account information (AEOI) with 19 further partner states....Read More
Swiss voters have largely accepted a reform of corporate tax rules that will scrap preferential treatment for multinational firms. Sunday’s result also means a financial boost for the country’s ailing pension...Read More
Some 108,000 high-net-worth individuals (HNWI) migrated from their home countries in 2018, an increase from 95,000 the previous year, according to the AfrAsia Bank Global Wealth Migration Review 2019, conducted...Read More
After striking a deal last week, the European Parliament and European Council presidency will enhance anti-money laundering checks (AMLs), and the new legislation specifically includes the art industry for the...Read More
WASHINGTON—North Carolina’s solicitor general told the Supreme Court that his state is entitled to tax residents who are beneficiaries of trusts created outside the state, even if they haven’t received...Read More