HNWI

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Enhanced Due Diligence in the People’s Republic of China

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Enhanced Due Diligence in the People’s Republic of China

The exponential growth of China’s economy has been reflected in the increased number of due diligence requests in the country that Proximal Consulting has been receiving over the last five years. China has become one of our speciality jurisdictions because of our experience and the reliable information that we can obtain which enables our clients to fulfil their enhanced due diligence requirements

Q&As On High Net Worth Individuals

Q&As On High Net Worth Individuals

There is no strict definition for a ‘High Net Worth Individual’ (HNWI) but it is commonly accepted worldwide that to become a HNW member a person will possess over one million dollars in liquid financial assets. With levels of wealth increasing over the decades, a person can also now be categorised as an ultra-HNWI: a person with available assets in excess of 30 million dollars.

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The Curious Case Of Manni Hussain

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The Curious Case Of Manni Hussain

On 7 October 2020 Mansoor ‘Manni’ Mahmood Hussain was stripped of his ten million pound property empire by the UK NCA (National Crime Agency) through an Unexplained Wealth Order (UWO), yet he has never been convicted any crime, particularly money laundering, which he is suspected of by authorities.