11/30/2015
Clamping down on tax evaders
The new campaign is part of a drive to claw back an estimated offshore “tax gap” of £565m to the public purse
Legal,Regulation,Tax & Compliance
11/27/2015
Leading Law Firms Merge to Create Top-Five Private Client Team
It combines complementary expertise of two leading law firms to create a market-leading client-focused business
11/27/2015
Arrested Brazilian billionaire declares innocence: report
They are accused of attempting to obstruct justice in the Petrobras probe.
11/27/2015
Swiss agree to send bank info regarding FIFA cases to U.S.
"An order always affects a single holder of one or multiple accounts at a single bank," Galli said.
11/27/2015
China regulator targets illegal margin finance in wealth management products
Illegal margin finance offered by non-bank lenders magnified the size the of China's equity bull-run and subsequent crash this summer, and was the subject of a severe crackdown in late summer and early fall.
11/27/2015
HMRC declares an end to 'hiding money in another country' from January
'Come to us before we come to you': Revenue unveils campaign to publicise new powers to demand personal financial details in 90 countries
11/27/2015
HSBC whistleblower given five years’ jail over biggest leak in banking history
Hervé Falciani sentenced in his absence for financial espionage by federal court for exposing wrongdoing at HSBC’s private Swiss bank
11/27/2015
Philippines chases after Van Gogh, Picasso in Marcos wealth sale
The government is turning to the Internet and social media to hasten the chase, said Andrew de Castro
11/26/2015
Profile: why Tcam's bosses bought themselves out of Turcan Connell
Last month, the duo led a management buyout of Turcan Connell Asset Management that received the backing of renowned hedge fund manager Crispin Odey.
11/26/2015
Big banks accused of interest rate-swap fixing in class action suit
The banks "have been able to extract billions of dollars in monopoly rents
11/26/2015
Cash flow is king in an insolvent trust says Jersey Royal Court - Appleby
In a recent judgement re the Z Trusts [2015] JRC196C from the Royal Court of Jersey it was held that the test for an insolvent trust is a cash flow test, rather than a balance sheet test.
11/26/2015
Barclays fined for lax crime checks in 'deal of century'
The failings relate to a £1.88 billion pound transaction (Transaction) that Barclays arranged and executed in 2011 and 2012 for a number of ultra-high net worth clients. The clients involved were politically exposed persons (PEPs) and should therefo
11/26/2015
Germany gives Greece 10,000 records on possible tax cheats who used Swiss bank accounts
The state's finance minister, Norbert Walter-Borjans, said in a statement Wednesday that the data might help Greece achieve "more tax honesty."
11/26/2015
Largest law firm in the world continues international expansion with Luxembourg tie-up
It has announced that it will further its leading presence in the world's top financial centers with a combination between Dentons Europe LLP and Luxembourg's OPF Partners.
11/26/2015
Jersey Tax Bulletin - Deloitte
Listen. Analyse. Apply.
11/26/2015
Banks explain extra information requests
The Bermuda Bankers’ Association said that banks are now asking for additional information and documentation, from both new customers and existing ones.
11/25/2015
Cayman Islands Issues OECD Common Reporting Standard Regulations - Mourant Ozannes
On 16 October 2015, the Cayman Islands introduced The Tax Information Authority (International Tax Compliance) (Common Reporting Standard) Regulations, 2015 (the Regulations) to implement the CRS.
11/25/2015
NZ banks no exception to sweeping job cuts, branch closures
The amount of capital being provided to new start-ups and financial technology firms meant the industry was not far from causing real disruption
11/25/2015
Israel joins international efforts to boost transparency and end tax evasion
Israel has signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, making it the 91st jurisdiction to join the world’s leading instrument for boosting transparency and combating offshore tax evasion.
11/25/2015
Deutsche Bank's Swiss Unit to Pay $31 Million in Tax Case
The Department of Justice has announced that Deutsche Bank (Suisse) SA (Deutsche Bank Suisse) reached a resolution under the department’s Swiss Bank Program. Deutsche Bank Suisse will pay a penalty of more than $31 million.