03/16/2016
Final opportunity to regularise your unauthorised foreign assets by Mmangaliso Nzimande and Jerome Brink, ENS Africa
Automatic exchange of information between tax authorities
Legal,Regulation,Tax & Compliance
03/16/2016
Former equities trader at Schroders pleads guilty to insider dealing
A former equities trader at Schroders Investment Management Limited, pleaded guilty at Southwark Crown Court to nine counts of insider trading. He will be sentenced on 13 June 2016.
03/16/2016
The problem with promises to crack down on tax-dodging banks
The system gives room for avoidance but taxpayers at least know what to expect, writes Clemens Fuest
03/16/2016
Slaughter and May is advising Oddo & Cie - disposal of Kleinwort Benson wealth management business
Subject to regulatory approvals, Kleinwort Benson will be combined with Société Générale Private Banking Hambros to create one of the leading private banks in the UK.
03/16/2016
Credit Suisse Accused of Money Laundering in Wealth-Manager Case
The complaint is based on hearings, a review of the evidence as well as information received from MROS, Switzerland’s Money-Laundering Reporting Office, the lawyers wrote.
03/15/2016
Wealth managers warn MiFID II reporting demands will raise costs
Panic selling also a risk
03/15/2016
Guide to Private Trust Companies (PTC) Structures in Guernsey - Appleby
This Guide is a summary of the law and procedures relating to private trust company (PTC) structures in Guernsey.
03/15/2016
New Global Forum peer reviews highlight ever-increasing compliance with tax transparency standards
The world’s leading forum on tax transparency published 10 new peer review reports today, pointing to ever-increasing compliance with the internationally-recognised standards to curb tax evasion through the exchange of information.
03/15/2016
South Korea fines HSBC and Deutsche $50,000 for FX swap collusion
The watchdog fined HSBC 46 million won and Deutsche 13 million won. HSBC's Seoul branch said it has cooperated fully with the Fair Trade Commission. Deutsche declined to comment.
03/15/2016
HSBC freezes at least $87m in accounts linked to China’s Sam Pa Tom Burgis
In a 2014 Financial Times investigation, people who have had dealings with Mr Pa — who goes by at least seven different names — claimed that he also had close ties to the Chinese intelligence services.
03/15/2016
Goldsmith slammed for targeting London's Hindus with 'scaremongering' jewellery tax leaflet
The Tory mayoral candidate sent out a letter to London's Tamil community claiming his Labour rival wanted to tax their family jewels
03/14/2016
Multinationals and tax authorities appear before tax rulings committee
Also tax-related state aid verdicts and investigations by the Commission are likely to be discussed.
03/11/2016
Hedge Fund Billionaire Says Clothing Mogul Plotted Murder Over Beach House
Among the claims—physical attacks, firebombing cars, home and office break-ins, vandalism, and paying people to throw anti-Bacon rallies that claimed he was a racist, a murderer, and stock crook.
03/11/2016
Cayman companies plead guilty to tax evasion conspiracy
IRS: More than US$130M ‘hidden’ in Cayman
03/11/2016
Hong Kong Regulator Bans Hedge Fund Founder
The SFC is stepping up scrutiny of personal trading irregularities in the hedge-fund industry.
03/11/2016
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.
03/11/2016
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’
03/11/2016
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.
03/11/2016
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.
03/10/2016
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