09/04/2015
Schroders’ Swiss Bank Pays $10.4 Million in Deal With U.S.
The Department of Justice has announced that Schroder & Co. Bank AG has reached a resolution under the department’s Swiss Bank Program.
09/03/2015
Six of his former colleagues are still on remand in Switzerland fighting extradition to the US.
09/03/2015
Deloitte Jersey Tax Briefing
09/03/2015
The 4th AML Directive requires disclosure of beneficial ownership information to central registers.
09/02/2015
Bank’s wealth-management unit ordered to pay two investors for losses tied to island’s municipal bonds
09/02/2015
Death and Taxes: What Better Legacy Than Tax-Free Wealth?
Life insurance is a tax efficient estate planning strategy.
09/02/2015
HSBC rejected the charge, but Argentina said in March it wanted HSBC to repatriate $3.5 billion that Argentine tax authorities said the bank had moved offshore.
09/02/2015
AIFMD Passport – Extension Denied to the US, Hong Kong and Singapore
The AIFMD passport is currently only available to EU AIFMs and EU AIFs.
09/02/2015
Under FATCA, firms have to report financial data held on file about any accounts controlled by US customers.
09/01/2015
It also showed 5,000 non-doms paid £223 million in the remittance based charge in 2013/14 on their overseas incomes
09/01/2015
She has also been responsible for ensuring that Barclays Wealth and Investment Management complies with the requirements of the payments legislation, which also includes preparing for the implementation of the Payment Services Directive.
08/31/2015
Transparency in providing information on beneficial ownership was never Cayman’s issue, said Premier Hon Alden McLaughlin.
08/31/2015
It was also noted that the protocol "widens the boundary of tax information exchange to involve all types of taxation, and foresees an end to banking secrecy.
08/30/2015
Spooked by the new black money law, a number of Swiss and other European banks have begun asking Indian clients to disclose their accounts to the tax authorities back home as they fear being accused of 'abetting' the hoarding of untaxed assets.
08/30/2015
Sir Eric, the Government's anti-corruption champion, said he was attracted to the 'simplicity' of "unexplained wealth orders" to force potential criminals to show where their wealth comes from.
08/29/2015
The Internal Revenue Service loses billions of dollars annually because of offshore tax evasion.
08/29/2015
Swiss authorities will repay creditors around 700,000 francs in embezzled funds stashed in a Swiss bank account, in one of Norway's biggest-ever bankruptcies, prosecutors said this week.
08/28/2015
According to FATCA regulations, sponsored entities must have their own Global Intermediary Identification Number (GIIN) for FATCA reporting and withholding purposes by 31 December 2015.
08/28/2015
These have been available for estate planners for the last two decades
08/28/2015
A UBS spokesman said OFAC agreed that the bank's conduct in this case "was not egregious.