Managers of Wealth

UBS Broaches Swiss Tax Taboo

At present the AEoI standards haven’t affected Swiss domestic bank secrecy – Swiss clients banking in Switzerland.

Guernsey Financial Services Commission signs MoU with Bank of England

The PRA is a part of the Bank of England and responsible for the prudential regulation and supervision of banks, insurers and major investment firms, regulating some 1,700 financial firms.

Top firms line up to be recognised for breaking new ground at Legal Week Innovation Awards

The quartet are joined by Macfarlanes, Shoosmiths, Simmons & Simmons and Ward Hadaway, in a category designed to showcase the firms seeking new ways to provide legal services.

Australia says banking executives responsible for misconduct could face jail

In further testimony to the so-called Royal Commission on Wednesday, AMP executives admitted that it had charged users of online platforms for advice fees despite not receiving the permission required by law.

Falcon Private Bank ordered to pay CHF 1.8 million to Finma

While the court acknowledged Falcon’s severe due diligence violations, the ruling can still be appealed at the Federal Court.

Julius Baer: Russian Millionaire’s Monies Frozen

The Snoras liquidator claims Julius Baer had not done enough to establish the origin of the monies deposited.

Guggenheim Partners’ Asset-Management Unit Is Under SEC Investigation, Sources Say

The SEC investigation has touched on three California real-estate deals and a loan to fashion company BCBG Max Azria

The Financial Complexity Index 2018

Meeting the global challenge of local accounting and tax compliance

Pilatus chairman was granted asylum in United States, green card in 2012

Ali Sadr Hasheminejad, who is accused of bank fraud and skirting Iran sanctions in the United States, is pleading not guilty to the charges

Wells Fargo faces $1 billion fine to settle loan abuses

Analysts on average were looking for $1.06 per share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the reported figures were comparable.

David Leyonheljm calls for removal of taxes on imported and luxury cars

“I think our governments are basically addicted to extracting money from us.”

Pushing the limits of tax law

As lawyers specialising in professional negligence claims, we have been involved in many cases resulting from tax planning gone wrong.

Serious Fraud Office fights crime with ‘robo-lawyer’

Serious Fraud Office (SFO) cases will benefit from artificial intelligence technology that will allow it to investigate more quickly, reduce costs and achieve a lower error rate, the watchdog said.

FCA threatened with legal action over fund fees

Judicial review is a type of court proceeding in which a judge reviews the lawfulness of a decision or action made by a public body.

Libyan sovereign wealth fund files lawsuit against JPMorgan Chase

In 2016 the fund lost its legal battle against Goldman Sachs <GS.N> after a seven-week trial relating to nine equity derivatives trades.

Macro Selects Maitland To Provide Fund Administration Services

Intellectual property investment fund to leverage Maitland’s automated technology

Julius Baer Top Banker Tied to Weapons Scandal

Julius Baer's compliance overseer, also unnamed, noted that this type of business carried considerable risk to the bank's reputation, and represented a potential conflict of interest.

Man Utd and Liverpool stars face £250m film scheme tax bills

A Liverpool player is also believed to have put forward £10.4 million to avoid taxes on his salary.

ANZ to Pay for Wealth Flaws

As part of the enforceable undertaking, an independent expert will be appointed to provide an assurance ANZ has delivered the documented client reviews since 2014

Global Forum issues tax transparency compliance ratings for nine jurisdictions

The Global Forum now includes 150 members on an equal footing

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