Managers of Wealth

Panama Papers leak will have negative impact on expat banking options

The banks in the main offshore centres are extremely nervous of taking on any clients who are not resident in their jurisdiction.

Money Trail - The Route Of ‘Cash the King’

The first reaction of Najib was to deny but later he admitted to having this money in his secret personal account.

Swiss banking whistleblower claims the CIA behind the Panama Papers

Bradley Birkenfeld, who served 30 months in prison, but received more than $100 million for US tax authorities revealed the extent of tax fraud at the heart of the Swiss banking industry in 2008.

Billionaire Prokhorov's Onexim Being Checked by Tax Service

Onexim’s main building in Moscow was being searched by the enforcement officials, though the reason isn’t clear, an Onexim representative said by the phone, asking not to be identified because of corporate policy.

Fraud and Asset Tracing in the British Virgin Islands - What You Need to Know - Harneys

With more than 500,000 active entities and unrivalled assets held (by value), the British Virgin Islands leads as the global domicile of companies.

Why Offshore? A lesson from David (and Ian) Cameron

This post was originally published on The Offshore Funds Blog, which aims to demystify hedge funds. Click here to subscribe to the blog or read the original post.

AIMA adds voice to those defending offshore funds - Harneys

This post was originally published on The Offshore Funds Blog, which aims to demystify hedge funds. Click here to subscribe to the blog or read the original post.

Credit Suisse Faces Penalty in Japan for Leaking Information

Credit Suisse Group AG faces punishment in Japan after the nation’s securities watchdog found that it leaked private information about a company.

Mourant Ozannes named Firm of the Year for Jersey at the 3rd Annual Who's Who Legal Awards

Firms with the most nominees who have received the most votes from those canvassed for their opinion are named winners in each category.

FCA bans former RBS Libor submitter

This sets out the FCA’s finding that Mr Hussein is not a fit and proper person and its decision to prohibit him from any role in regulated financial services.

Tax administrations meet on "Panama Papers"

Participants from a number of countries - including members of the OECD and the G20 - exchanged views on the Panama Papers and explored mechanisms for co-operation.

HSBC risks losing US banking licence as pressure mounts over Panama Papers probe

That could lead to any fines being paid to American authorities and HSBC could even lose its right to operate in the country.

Hong Kong and Singapore funnel wealth into tax havens

The granddaughter of China’s then fourth-ranked politician was among dozens named in a vast cache of documents leaked from the Panama law firm that have given a glimpse into how the rich and powerful hide their money.

Germany forwards Swiss bank account data to 27 countries for tax checks

We are facing an outright tax evasion industry

Swiss authorities expand criminal investigations into Malaysia’s 1MDB

The inquiry has so far shown that about $4 billion appeared to have been misappropriated from Malaysian state companies, Attorney General Michael Lauber said in January.

Tax evasion - is a criminal offence for companies the answer? by George Bull

This week, the Prime Minister announced that the Government is bringing forward plans to introduce a criminal offence for corporations that fail to stop their staff facilitating tax evasion. So will this be an effective measure or is it a knee-jerk reacti

Legal,Regulation,Tax & Compliance