11/03/2015
Providers tell FCA their annuity data is incorrect
The breakdown states that six people have used third way products between £30,001 and £50,000
Legal,Regulation,Tax & Compliance
11/03/2015
Maitland wins $30 billion MMI Holdings outsourcing mandate
Institutional fund administrator to provide turnkey solution for MMI’s investment administration consolidation
11/03/2015
German state buys USB said to hold evidence of €600m in tax avoidance
North Rhine-Westphalia pays €5m for information on tax avoidance and illegal deals, according to Der Spiegel
11/03/2015
Malaysia’s largest bank eyes sukuk deals in GCC
Maybank was one of the six-member consortium to arrange $750m five-year sukuk for Dubai Islamic Bank early this year
11/02/2015
SA advisers should learn from UK’s RDR
South Africa’s asset managers need to learn from the UK’s Retail Distribution Review experience and work in partnership with financial advisers when implementing next year’s regulatory changes
11/02/2015
The Cape Town Convention in the UK: Effective 1 November 2015
The UK has amended its existing insolvency laws by adopting Alternative A of Article XI of the Protocol
11/02/2015
Single family offices set to evolve under regulatory gaze
Regulators around the world are carefully scrutinising the sector with a view to bringing them under their oversight
11/02/2015
Rafael Benitez among sports celebrities embroiled in new tax investigation
HMRC is investigating £200m investments into a renewable energy firm as it clamps down on tax avoidance schemes
11/02/2015
US overtakes Caymans and Singapore as haven for assets of super-rich
But financial secrecy index report notes if UK and affiliated tax havens such as Jersey were treated as one, it would top the list
11/01/2015
Global Forum on tax transparency pushes forward international co-operation against tax evasion
The imminent shift to the automatic exchange of information will send a strong warning to tax evaders.
11/01/2015
Grant Thornton settles lawsuit for $4.4 million
The company declared bankruptcy soon after the discovery that a Cayman Islands subsidiary had booked $4 billion in nonexistent cash and securities accounts.
11/01/2015
Justice Department Announces Four Banks Reach Resolutions Under Swiss Bank Program
Each additional agreement provides us with highly-detailed data on the accounts
11/01/2015
Switzerland Joins the Crackdown on Secret Bank Accounts
U.S. expatriates and foreign account holders often are unaware of the U.S. tax laws that apply to them.
10/30/2015
Oman’s largest sovereign wealth fund calls in Freshfields to sue Bulgaria
The fund held a 30% stake in KTB
10/30/2015
Tax Issues Take Center Stage For RIAs Focused On High Net Worth
U.S. investors are bemoaning the tax drain on their savings and seeking help to reduce the bite, Bloomberg Markets magazine reports in its December issue.
10/30/2015
Swiss Bank Cooperating With US, Swiss Probes of FIFA
Switzerland's attorney general Michael Lauber said last month he had reports of 121 suspicious accounts.
10/29/2015
IRS Has Gone Wild Over FATCA, But Watchdog Warns Of Compliance Glitches
The IRS says it is now swapping taxpayer data reciprocally with other countries.
10/29/2015
‘We do not second guess adviser judgements’: FSCS chief
The concern about moral hazard is, to my mind, even harder to justify when it comes to the provision of regulated advice, they know the limitations of their knowledge of financial matters and of product markets.
10/29/2015
Rogue traders named by FCA
The FCA claimed that individuals were using the name and business reference number of authorised firm Lackner Kurt, allegedly to try and dupe people.
10/27/2015
Inside the Secretive World of Tax-Avoidance Experts
A sociologist realized that if she were ever going to understand global inequality she would have to become one of the people who helps create it.