Managers of Wealth

Swiss watchdog opens investigation into BSI's former Asia CEO: lawyer

The newspaper said the enforcement proceedings could lead to a multi-year ban from working in finance among other penalties.

‘Fortuitous’ Close Bros Equity Allocation Pays Off

Nancy Curtin, chief investment officer at Close Brothers Asset Management, said the fund came into 2016 slightly on the defensive, but still with enough exposure to risk assets to generate returns.

UK withholding tax on interest paid to non-UK residents - Withers

The current basic rate of income tax in the UK is 20%. Whilst there are various circumstances to which deduction of income tax at source is relevant, the specific purpose of this article is to describe the position that applies when UK source interest is

Investing into India: Mauritius and beyond - Withers

This is a major development impacting both Mauritian and Singapore investment structures which currently contribute around 50% of the foreign direct investment into India.

Anti-inversion legislation and US taxation - Withers

The 2016 US presidential election year has included a significant amount of discussion about international taxation.

A tax office in a tax free country -vWithers

Tax is on the political agenda worldwide and the topic catches headlines in all reputable media on a near daily basis.

BSI Bank’s former Singapore chief executive sues over bonus

The former chief executive of BSI Bank in Singapore, Hans-Peter Brunner, is suing the Swiss bank for freezing his bonus two months after the Singapore regulator ordered that the bank be shut down.

Ex-CEO of BSI Bank in Singapore sues firm over bonus amid IMDB probe

BSI and Swiss national Brunner "mutually agreed" in September that he would retire from the bank, according to court papers.

UBS Faces MAS Scrutiny for 1MDB

MAS is expected to ask a number of banks, among them UBS, for further information about their dealings with the fund, these people said.

HSBC avoided criminal charges over fears of ‘systemic risk’

The bank identified about 2,200 of its 35,000 Cayman Islands U.S. dollar accounts as high risk because of either suspicious activity or due to a lack of information about the account owners.

How could Brexit affect employee assignments abroad?

Following the EU referendum, there is considerable uncertainty surrounding how Brexit will impact employers and employees in the globally mobile workspace. Whilst nothing is certain, there are a number of tax issues to consider for UK employers who are ei

FCA fines Towergate and former director Timothy Philip for client and insurer money failings

The FCA found that Mr Philip failed to meet the minimum regulatory standards in terms of competence and capability

Tax transparency webinar | 27 July 2016

Criminal and civil sanctions for enablers of tax evasion

Phones4u founder set for showdown with former business partner

The former chief executive, who was paid a £300,000 bonus annually by Signia on top of her salary, claims in the same document that Mr Caudwell asked her to take a polygraph test and offered to escort her to sessions for psychiatric help.

OECD releases standardised IT-format for providing feedback on received Common Reporting Standard information

The CRS Status Message XML Schema allows Competent Authorities that have received CRS information through the CRS XML Schema to report back to the sending Competent Authority, whether the file received contained any of the file and/or record errors.

Mifid II, Solvency II most concerning for asset managers

With a raft of existing and upcoming regulation to address, many asset managers said that they are looking for ways to minimise the reporting burden associated with both pieces of regulation, with some looking to reuse reporting and regulatory data.

UBS accuses cabinet of intransparent policy

This will pave the way for a new offensive against Swiss banks,” he is quoted as saying.

The SEC's case against Dawn J. Bennett

The adviser boycotted her enforcement hearing, but that may not stop the regulator from throwing her out of the securities industry

Meet the stoligarchs, Putin's pals who control a fifth of the Russian economy

As long as the stoligarchs are in charge of as much as a fifth of Russia’s economic activity.

Swiss Council Adopts Dispatch On 8 TIEAs

The Federal Council said that these jurisdictions fit the profile of the countries with which it wishes to introduce the automatic exchange of information.

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