10/09/2018
Standard Chartered said to prepare for $1.5bn fine over Iran
Allegations of allowing customers to violate Iran sanctions said to date from at least five years ago
Legal,Regulation,Tax & Compliance
10/07/2018
UBS Accused of Bond Movie Tactics in Paris Tax-Dodging Trial
They used encrypted computers, had business cards without the lender’s logo and were told to switch hotels regularly, according to prosecutors.
10/07/2018
Payback Cristiano Ronaldo could be forced to pay back millions to sponsors if rape allegations are proven
Simon Leaf, who specialises in commercial contracts for Mishcon de Reya, said the star's backers may seek to get back a 'chunk' of the fortune they have already paid him
10/05/2018
Mystery banker's wife Mrs A spent MILLIONS in Harrods - but how did she afford it?
A JAILED banker's mystery wife who splashed £1.6m a year on shopping sprees in Harrods is being asked how she paid for her lifestyle that included property worth £22m.
10/05/2018
Swiss Banking Fraudster Exposed
He cheated his siblings out of their inheritance.
10/05/2018
He is a Swedish aristocrat, MD in wealth management and presumably a notorious fraudster
In Switzerland, he is not an unknown entity either: the Swede has aristocratic roots, his father was a well-known diplomat, and clients he allegedly defrauded have turned to Swiss regulator Finma.
10/05/2018
Liechtenstein, Peru removed from “grey” list of noncooperative jurisdictions
The listing process is part of the EU's initiative to tackle tax avoidance and evasion and promote fairer taxation, within the EU and globally
10/04/2018
Banker's wife may lose property worth millions after UK court ruling
Failure by ‘Mrs A’ to explain source of wealth could result in civil proceedings to seize it
10/04/2018
Tax Inspectors Without Borders making significant progress
Audits cover a cross-section of industry sectors including agriculture, construction, financial services, information technology and communications, hospitality, manufacturing and mining.
10/04/2018
Russian Billionaire Accuses Sotheby’s of Price Inflation in a $380 Million Suit
The businessman sought all documents related to the value of the works bought or sold in a transaction involving Sotheby’s and Bouvier
10/04/2018
Chinese superstar hit with $129m tax evasion fine
X-Men actress skewered over so-called ‘yin-yang’ contracts used to avoid paying tax
10/04/2018
Swiss justice: Art collector must pay CHF11.4 million arrears on VAT
Schwarzenbach's appeal referred to two separate requests for payment of arrears issued in 2014 and 2015 by the Directorate General of Customsexternal link, the Swiss News Agency reported.
10/03/2018
Could an increase in stamp duty for non-UK residents work in practice? by Andrew Hubbard
But is tax residence the most appropriate test?
10/03/2018
Amazon will hire fewer people, not spend more on higher wages, wealth manager says
The new minimum wage will benefit more than 250,000 Amazon employees — including part-time and temporary employees — as well as another 100,000 seasonal employees, the company said.
10/03/2018
Swiss group accuses Angola of intimidation in fraud probe
The money was allegedly transferred from the Angolan Reserve Bank to the Credit Suisse Bank in the UK.
10/02/2018
StanChart Said to Brace for New Iran Fine of $1.5 Billion
Penalty said to be linked to previous violations, Dubai unit
10/02/2018
55% of FTSE100 currently fail to publicly mention tax evasion
Failure to comply with the new law could result in unlimited financial penalties, ancillary orders such as confiscation orders or serious crime prevention orders, and serious reputational damage.
10/02/2018
U.S. Takes on Russia’s Favorite Money Haven: Cyprus
Washington regulators crack down on money laundering in the tiny Mediterranean island in a bid to check Moscow’s power in Europe
10/02/2018
Julius Baer Has Law Firm Look at Panama Banker Accounts
One of the people said Krull has privately conveyed to the bank that he didn’t use Julius Baer accounts to launder Petroleos de Venezuela S.A. money.
10/02/2018
Singapore could lure global wealth with passage of new VCC Bill
The Bill takes reference from similar corporate fund structures available in other global investment fund centres