Managers of Wealth

PBOC said to ask lenders to control wealth management funds

China central bank wants lenders to exercise greater control over wealth management funds

Offshore Tax Bulletin - Deloitte

December 2015 and January 2016

SFC publicly censures Goldman Sachs for breaches of the Takeovers Code

Goldman Sachs’ conduct fell far short of the standards expected of a financial advisor under the Takeovers Code in that between 8 November 2013 and 6 January 2014:

Swiss Bankers Said Ready to Plead Guilty in U.S. Tax Case

Two client advisers from Julius Baer Group Ltd. accused of helping Americans evade taxes are expected to plead guilty in New York on Thursday, when the Swiss bank will resolve its own criminal case by agreeing to pay $547 million, according to two people

DIFC mis-selling case set to drag on after deadline missed

The claimant will now seek to enforce the next step in securing the sum through the DIFC Court.

Neymar under investigation in Brazil after tax evasion allegations

Barcelona forward also facing court case in Spain over transfer allegations

$104 Million UBS Informant Urges Swiss to Back Whistleblower Law

The role of whistleblowers in Switzerland was back in the spotlight on Tuesday as the court case resumed of a former Nestle SA executive, who claims she was fired after alleging there were lapses in food safety.

Keeping Capital Flows Orderly

The current policy environment has moved multilateral co-operation, openness and transparency to the top of the capital flow policy agenda.

Deloitte launches regulatory and investor reporting service

Business advisory firm Deloitte has launched a new service targeting investment managers, banks and insurance firms struggling to navigate the growing wave of complex marketing regulations and tax rules.

French court backs charges against HSBC in tax fraud probe

The court rejected an appeal by HSBC that charges first brought in April for facilitating tax fraud and illegal practices be dropped.

Singapore seizes ‘large number’ of bank accounts amid 1MDB probe

Malaysia’s government investment fund has been the subject of overlapping investigations in the country

China’s HK$59 billion online Ponzi scheme: who started it, how did it happen and now what?

We give you the low-down on the massive scam involving a peer-to-peer online financing firm that fleeced more than 50 billion yuan from over 900,000 investors across China in just 1½years

Switzerland may backtrack on black money law

Move will be a setback for India which wants information on black money probe based on leaked data

Significant progress in tax cooperation with India: Swiss government

India and Switzerland have been working closely on mutual administrative assistance on tax matters and both sides have expressed their willingness to step up the cooperation.

Banks reach $154.3 million settlement on "dark pool" fraud

The SEC and New York Attorney General had planned to announce the joint settlement Monday before it was reported by The Wall Street Journal Sunday morning.

This is exactly how the FBI convinces hedge funders trading on inside information to spill the beans on everyone else

Since 2009, the government has been cracking down on insider trading in the hedge fund industry with dozens of arrests and convictions made.

Growing barriers to entry for hedge funds

Before launching an onshore vehicle, most smaller managers first set up a more cost-effective offshore version to grow their assets.

In the Courts in 2015: an Appleby review of offshore court decisions

Welcome to the fourth annual issue of Appleby’s round-up of significant decisions of the courts over the course of the preceding calendar year. It is compiled by members of our Dispute Resolution Group in Bermuda, the British Virgin Islands, the Cay

The Global Tax Reset - Deloitte

Country by Country Reporting and EU Anti-Avoidance Package

AIMA calls for Regulatory Reforms to support Non-Bank Finance

AIMA makes the case that rules should allow greater asset managers’ participation in securitisations in order to support the supply of finance to small and medium-sized enterprises.

Legal,Regulation,Tax & Compliance