Managers of Wealth

French prosecution seeks tax fraud trial against Swiss bank UBS

The prosecution requested that UBS face trial for "aggravated laundering of tax fraud proceeds" while its French branch be judged for complicity in these crimes.

Brexit and Immigration: do high net worth individuals and senior executives need to take prompt action?

Now that the immediate consequences of the referendum and Brexit have become a little clearer, we turn to consider the implications for HNWIs and senior executives.

New steps to strengthen transparency in international tax matters

A key pillar of the project focused on ensuring transparency while promoting increased certainty and predictability.

Swiss central bank accelerates intervention

Foreign exchange markets opened amidst great volatility on Friday as it emerged that Britain had voted to leave the European Union.

London – the New Haven for Dirty Money?

Switzerland as a haven for dirty money has long been a cherished picture painted by commentators in the Anglo-saxon world. With Brexit a reality, the cliché may soon apply to London more than anywhere else.

BSI appeals against Swiss regulator ruling

All client relationships related to 1MDB have been fully closed in early 2015.

Former Texas billionaire ordered to pay $1.1 billion for ‘fraudulent’ tax scheme

The payout includes roughly $135.5 million of taxes, $402.1 million of interest, and $570.1 million of penalties.

Stars may finally align against buyout-baron taxes

The industry has fought the good fight.

The real threat to Britain’s borders is the flow of dirty money

However, British crown dependencies and offshore tax havens were ranked separately.

Duo with Irish links at centre of $16bn 'Ponzi scheme' probe

Regulator in Mauritius sought help from Central Bank in its investigation into offshore hedge fund

Facing up to the regulatory reality of transparency

Control in this case, he says, doesn’t mean hiding information.

IRS Says "You Owe Us Money – Bye-Bye US Passport!"

Americans living abroad could have their passports revoked simply by being on an IRS list for owing taxes.

Billionaire Bacon Loses Appeal in Bahamas Backyard Battle

A New York appeals court Thursday ruled against Bacon

What Happens to UK Taxes after the Referendum?

Early indications are that there will not be an 'Emergency Budget' so soon after the referendum.

UBS Gives IRS Records on U.S. Citizen’s Account in Singapore

The IRS said it needed the records to determine Hsiaw’s income tax liabilities from 2006 to 2011.

Merrill Lynch Paying $10 Million Penalty for Misleading Investors

The notes were issued by Merrill Lynch’s parent company Bank of America Corporation, and Merrill Lynch had principal responsibility for drafting and reviewing the retail pricing supplements.

Merrill Lynch fined $415m for misusing client money

Had Merrill Lynch collapsed at any point, customers would have been exposed to significant risk and uncertainty of getting back their own securities.

IRS Says "You Owe Us Money – Bye-Bye US Passport!"

Americans living abroad could have their passports revoked simply by being on an IRS list for owing taxes.

Credit Suisse Under Justice Dept. Probe

Regulatory authorities have claimed billions as settlements and fines from several banks.

Stars may finally align against buyout-baron taxes

Most recently, a 2015 Senate amendment failed on a 55-43 party-line vote of Republican opposition and Democratic support. A previous push in 2014 under a broad tax-reform plan also faltered.

Legal,Regulation,Tax & Compliance