Managers of Wealth

India, Switzerland improve cooperation on tax matters

Switzerland and India have been working closely together in the field of mutual administrative assistance over the past few months

Tax legislation needs more scrutiny, not less by George Bull

Recent moves by the Government to curb the powers of the House of Lords by making greater use of secondary regulations instead of relying on primary legislation could have disastrous implications for the scrutiny of tax legislation.

FCA fires suitability warning shot at wealth managers

Wealth management firms and private banks: suitability of investment portfolios

Examining the future of anti-money laundering regulations

Speech by Rob Gruppetta, Head of the Financial Crime Department, FCA, delivered at the Accuity AML Risk Reduction and Compliance Europe Conference on 8 December 2015.

FINMA publishes its Financial Market Infrastructure Ordinance

FINMA held a public consultation on FMIO-FINMA.

Madoff Fund Manager Starts Legal Defense With History on Side

The trial of Manuel Echeverria-- who streamed clients’ money to Bernard Madoff-- began on Monday

Canadians with Swiss bank accounts have until December 31, 2015 to file a voluntary disclosure

Most large Swiss banks have already requested from their Canadian clients evidence that their Swiss accounts are reported in Canada or that a voluntary disclosure has been initiated.

More than 50 banks which helped American clients dodge tax in Swiss bank accounts receive immunity from criminal prosecution in US

Some 57 companies have rushed to sign up to the Department of Justice’s ‘Swiss Banks Programme’.

Hong Kong Urged To Cut Tax For Asset Management

It sets out recommendations relating to the tax regime for OFCs, which is currently under review by the Government, as well as the profits tax exemption criteria for offshore PE funds introduced on July 17, 2015.

Private school fee records used to target offshore tax evasion

He said the ATO had 5000 client names from wealth management firms and a list of 100 advisers and promoters who had a "direct link with people who may have evaded taxes".

City law firm GQ Employment Law acquires smaller rival Camfords

City law firm GQ Employment Law has snapped up a smaller boutique rival Camfords for an undisclosed sum, the pair announced today.

Madoff Trustee Begins $1.19 Billion Payout to Victims

The latest payout will go to holders of 1,071 accounts at the former Bernard L. Madoff Investment Securities LLC.

Fenced off: how London’s super-rich are destroying the soul of their community

Highgate is now a middle-class frontline against a billionaires’ investment invasion

Inside the wild Bahama battle between two wacky billionaires

For eight years now, the self-made apparel king Peter Nygard and the financial tycoon Louis Bacon have been locked in a wild battle over a strip of land on Nassau in the Bahamas

A global law firm decides there's no place like home

They say you can never go home again, but Baker & McKenzie wants to try.

EFG Bank to pay $29 million in Justice Dept program deal

“Today’s resolution with EFG Bank European Financial Group SA, Geneva and EFG Bank AG reflects the continued progress of the Department of Justice’s Swiss Bank Program,” said acting Deputy Commissioner International David Horton

Peter Canale Avoids Prison in Swiss Bank Tax Evasion Case

His brother Michael Canale, a retired U.S. Army surgeon, was sentenced in 2013 to six months in prison

UK faces more pressure to rein in BVI, others

The report urged the UK to use its ‘control’ over the territories

SEC Revives Failure To Supervise Case Against Billionaire

The failure to supervise charge will now move to a hearing, set to begin in mid-December.

International law firm Launches First of its Kind Legal Tax Service

This service comes shortly after the recent launch of the firm’s MiFID2 Manager online tool earlier this month.

Legal,Regulation,Tax & Compliance