Managers of Wealth

SEC Proceeding With Amended Case Against Stevie Cohen

The civil case led by the SEC has been on hold since July 2013

Jersey Residential Property Update | December 2015

The Appleby Property team has produced a number of articles for the local press in the past few months. In case you missed the articles first time around, this update provides a link to them. We hope you will find these articles interesting and informativ

Wealth Management Thematic Review December 2015

The review set out to investigate how wealth management firms and private banks have implemented the regulator’s previous work in this area.

Australia ramps up focus on offshore tax evasion

It has also compiled a list of 100 advisers and promoters operating globally that have a direct link with people who may have evaded taxes.

Martin Shkreli fired as CEO of KaloBios Pharmaceuticals

It was halted about 10 minutes after news of Shkreli's arrest on fraud charges.

Fifa: Sepp Blatter and Michel Platini get eight-year bans

Fifa president Sepp Blatter and Uefa boss Michel Platini have been suspended for eight years from all football-related activities following an ethics investigation.

'Diamond' Joe Gutnick loses $56 million legal battle

Mr Gutnick is personally on the hook for $US28.05 million of the $US40.4 million total award by the Supreme Court of Victoria in favour of Indian Farmers Fertiliser Cooperative and its subsidiary Kisan International Trading.

India to Sign Agreements With Singapore, UAE and Hong Kong to Get Information on Illegal Bank Accounts

The CBDT spokesperson further revealed that AEOI will help create an environment of transparency between 75 countries that have signed the MCAA

Swiss “justified” in giving UBS bank data to US

UBS was fined $780 million

Swiss private banking group seeks deal With US To Settle American Offshore Accounts Case

Will meet with U.S. officials in the coming week for negotiations, the report said.

US expats warned on new tax law

Under the new act set to take effect on 1 January 2016, the Internal Revenue Service (IRS) will compile a list of Americans in violation of the new rule.

Time is Marching on for CRS Deadlines

The new regulations take effect on 1 January 2016.

Rothschild agrees in US tax dispute

Banks already under criminal investigation related to their Swiss-banking activities and all individuals were expressly excluded from the program.

J.P. Morgan to Pay $307 Million Over Client 'Steering'--Update

A J.P. Morgan spokesman said the bank had enhanced its client disclosures over the last two years.

HMRC’s digital roadmap – two sides to every story?

In a first for Tax Brief, two of our experts go head to head in the debate about the newly-published digital roadmap. Up first, is George Bull with his concerns…

Fifa scandal: Large cash sums frozen by Switzerland

Fifty Swiss bank accounts allegedly linked to world football governing body Fifa have been frozen.

Swiss ban for six former UBS traders over market rigging

Finma has determined that the individuals concerned were directly responsible for serious regulation breaches,” the body said in a statement following an investigation undertaken last year.

Three further Swiss banks pay US fines

The Swiss bank programme was established in August 2013 to address criminal liability issues surrounding tax evasion by US clients of Swiss banks.

Swiss-Banking Lawsuit Against IRS Could Have Wide Impact

Bernhard Gubser says his failure to declare assets that were in his UBS account in 2008 was an innocent error

WH Ireland faces 'substantial’ FCA fine

WH Ireland expects to be hit with a ‘substantial’ fine following a Financial Conduct Authority (FCA) review into its business.

Legal,Regulation,Tax & Compliance