Managers of Wealth

1MDB scandal: Federal Police assisting probes into Malaysia's wealth fund

The AFP continues to evaluate these allegations it would not be appropriate to provide any further comment at this time.

Trustees and conflicts of interest – sidestepping the rule against self-dealing - Withers

It is a basic principle of trust law that trustees may not put themselves into a position where their personal interests conflict with their duties as trustee.

New guidance from HMRC on inheritance tax residence nil rate band - Withers

HMRC have produced guidance and 18 case studies explaining points such as the following

Tax cheats jailed for more than 730 years in 12 months alone, new figures reveal

HMRC took 679 fraudsters, company directors, accountants and gangsters to court

Tax Shelter Guru Gets $60 Million IRS Penalty And No Day In Court

Judge Valerie Caproni of the US District Court for the Southern District of New York has ruled that Mr. Larson does not get his day in court on the merits of the penalty, because he has not paid the whole thing.

Global investigations – the outlook for 2017

For multinational companies, the regulatory and enforcement landscape remains one which merits attention, both for internal investigations and in response to government inquiries.

Italy now trying to entice taxpayers to declare hidden cash

Now the state is trying again with a “Voluntary Disclosure 2.0” that got underway at the start of the year.

Deloitte Calls For An Innovation-Friendly Tax Regime In Singapore

Innovation does not necessarily involve the creation of something new from scratch

When the FEDS Went After the Hedge-Fund Legend Steven A. Cohen

Inside the government’s nearly ten-year battle against one of the most powerful men on Wall Street.

Ex-Visium hedge fund manager to face trial on U.S. fraud charges

The trial follows a criminal probe that prompted the $8 billion investment firm's wind-down and charges against three others

Focus On Europe Trust Litigation In Switzerland

This raises a number of practical issues for Swiss judges and prosecutors, as they have to juggle both the rules governing the trust, and their own potentially conflicting legal and procedural concepts.

Zurich pays up over misleading IHT investment advice

A Zurich spokesman said: ‘Zurich notes the judgment delivered by the Manchester High Court. The events which formed the subject of the claim took place nearly 16 years ago, and Zurich ceased operating a network of advisers over 10 years ago. Zurich

China Will Curb ‘Irrational’ Soccer Spending, Government Says

The comments by China’s Sports General Administration come days after the unveiling of two of the highest profile arrivals to the country’s top division.

UK-Swiss Terminate Savings Tax Deal For Automatic Info Exchange

UK taxpayers will no longer be able to pay a withholding tax to stop their information being shared with HM Revenue and Customs

Revenue battle against tax evasion yields €555m for exchequer

Tax authority says evaders can expect ‘robust response’ in 2017

Head of Barclays Japan questioned in Libor probe

Serious Fraud Office interviews former group treasurer in fresh inquiry

Financial firms in Singapore must now establish tax residency status of customers: Iras

It aims to enhance tax transparency to detect and deter tax evasion through the use of offshore bank accounts.

How the tax man will find out about your account

It’s a deal that’s been agreed in principle with around 100 countries, although the United States is notably missing.

Singapore Court Charges Fifth Person With Crimes Related to Malaysia’s 1MDB

Former branch manager of Falcon Private Bank in Singapore charged with 16 offences

Will 2017 be the year the world got serious about bank account secrecy?

The OECD recently announced that there are 1300 relationships in place for the automatic exchange of account information between countries.

Legal,Regulation,Tax & Compliance