04/03/2018
Awareness of the inquiry was heightened by the publication in the UK’s Guardian newspaper, also last week, of comments on the matter by John Mann, a Labour party MP who is chairman of the Sub-Committee overseeing it.
03/31/2018
Ten defendants, including City bankers and financial advisers involved in selling the scheme through Zeus, had previously been charged with cheating the public revenue, an offence that can lead to lengthy custodial sentences.
03/30/2018
However, the Central Bank said it identified failures by BCWM which has admitted to the breaches regarding necessary arrangements for opening client asset accounts.
03/30/2018
The goal is to enable the trustee to defer income taxes on the benefits while coordinating the requirements of the client, the trustee, the plan administrator and the IRS.
03/29/2018
New online guidance setting out taxpayers' responsibilities in respect of offshore income, assets and activities has been published by HM Revenue and Customs (HMRC).
03/28/2018
Switzerland must 'urgently' do more to tackle bribery and protect whistleblowers, OECD says
Country faces 'particular risk of corruption' be because of a large number of public international organisations and an outsized financial sector, report says
03/28/2018
The oligarch was served with an “unexplained wealth order”, under the new Act.
03/28/2018
Arbuthnot Banking Group stuck to its optimistic stance over Britain’s vote to leave the European Union, saying that the associated turmoil would create investment opportunities.
03/28/2018
Perhaps the first and most obvious change relating to HNW individuals is the doubling of the estate and gift tax basic exclusion amount.
03/27/2018
The innovations and industry disruption should have law firms snapping to attention.
03/27/2018
The FIS collected largely worthless information in the investigation, managed the spy badly and disobeyed the law, the report says.
03/26/2018
Scot Young and four of his rich pals all died between 2010 and 2014 and his ex-wife says his £1billion fortune is at root of his 'murder'.
03/26/2018
The value of the assets has declined from an original total of CHF700 million but efforts to unblock the remaining funds, which were held in Swiss bank accounts, have been convoluted.
03/26/2018
SGG Depositary Netherlands is now one of a select group of independent, non bank, depositaries in the Netherlands.
03/26/2018
The French policy also offers tax breaks on bonuses earned outside of France and such assets as intellectual property.
03/26/2018
Greater personal accountability may prompt executives to shun financial services roles
03/26/2018
Ali Sadr Hasheminejad regularly travelled to the United States from Malta. But an investigation into the circumvention of Iran sanctions finally caught up with him, less than a year since his private bank was plunged into a national scandal. We trace the
03/23/2018
The deadline for full compliance with the COCG criteria is December 2018.
03/23/2018
A key lesson from CRS early adopters is that FATCA and CRS are still being confused and interpreted as part of the same legislative piece, while they are two different requirements.
03/23/2018
The spotlight has fallen on Russian ownership of London property in the wake of the nerve agent attack in Salisbury.