Managers of Wealth

Hong Kong Regulator Bans Hedge Fund Founder

The SFC is stepping up scrutiny of personal trading irregularities in the hedge-fund industry.

Ganek Suit Over Hedge Fund Raid Moves Forward Against U.S.

The unusual decision on Thursday means the government must provide evidence about its work to Ganek and perhaps defend itself before a jury.

Spain’s monarchy drawn into banking scandal

In a leaked text conversation also involving the king, Queen Letizia pledges support for a scandal-hit banker whom she describes as her ‘yoga mate’

Raymond James Fined for Enabling Client Privacy Violations

In several cases, customers had opted out of sharing their information or the customer resided in a state that required affirmative consent to share personal information, according to the regulator.

Vaud moves ahead with phase out of controversial Swiss tax deals

Under current rules Swiss cantons can offer preferential tax rates to certain companies, mostly multinationals with most of their activity abroad.

Bankers' bonus tax avoidance schemes so complex judges named them after Houdini are illegal, Supreme Court judges rule in a legal battle over bill worth £183MILLION

Ruling against UBS Group, AG and Deutsche Bank at Supreme Court

Credit Suisse probed in Italy in tax evasion case: sources

Credit Suisse offices in Milan were searched by Italian police in December 2014 as part of an investigation by Milan prosecutors.

National News: Statement from the Canada Revenue Agency on KPMG Investigation

The CRA wants Canadians to have complete and accurate information on these issues.

FCA publishes a Discussion Paper on the client money distribution rules and the Special Administration Regime

Following the failure of Lehman Brothers in 2008, the Treasury created a specific insolvency regime for investment firms holding client assets, the SAR.

Why the CRA’s ‘secret deal’ with KPMG’s clients in the Isle of Man scheme might actually be a good thing

It has all the makings of an Agatha Christie novel — except in this case the allegations aren’t murder, but tax evasion.

First Conviction of Non-Swiss Financial Institution For Tax Evasion

2 Cayman Islands firms plead guilty to U.S. tax evasion

The EU Succession Regulation: Spotlight on Cyprus - Harneys

In a Union where persons and capital are increasingly mobile and free movement forms a basic right, succession laws of the various Member States have not done a good job of keeping apace.

Charitable and philanthropic structures in Jersey by Josephine Howe, Ogier

Whilst benevolent giving is generally done from the heart, it is of increasing importance to donors that it is also done with their head.

Final Regulations Issued on Requirements for Certain Domestic Entities to Report Specified Foreign Financial Assets By David J. Moise, Jill Misener and Shira Peleg

The regulations went into effect on February 23, 2016, and apply to taxable years beginning after December 31, 2015. Failure to timely file Form 8938 may result in a penalty up to $50,000.

Legal,Regulation,Tax & Compliance