Managers of Wealth

Profile: why Tcam's bosses bought themselves out of Turcan Connell

Last month, the duo led a management buyout of Turcan Connell Asset Management that received the backing of renowned hedge fund manager Crispin Odey.

Big banks accused of interest rate-swap fixing in class action suit

The banks "have been able to extract billions of dollars in monopoly rents

Cash flow is king in an insolvent trust says Jersey Royal Court - Appleby

In a recent judgement re the Z Trusts [2015] JRC196C from the Royal Court of Jersey it was held that the test for an insolvent trust is a cash flow test, rather than a balance sheet test.

Barclays fined for lax crime checks in 'deal of century'

The failings relate to a £1.88 billion pound transaction (Transaction) that Barclays arranged and executed in 2011 and 2012 for a number of ultra-high net worth clients. The clients involved were politically exposed persons (PEPs) and should therefo

Germany gives Greece 10,000 records on possible tax cheats who used Swiss bank accounts

The state's finance minister, Norbert Walter-Borjans, said in a statement Wednesday that the data might help Greece achieve "more tax honesty."

Largest law firm in the world continues international expansion with Luxembourg tie-up

It has announced that it will further its leading presence in the world's top financial centers with a combination between Dentons Europe LLP and Luxembourg's OPF Partners.

Jersey Tax Bulletin - Deloitte

Listen. Analyse. Apply.

Banks explain extra information requests

The Bermuda Bankers’ Association said that banks are now asking for additional information and documentation, from both new customers and existing ones.

Cayman Islands Issues OECD Common Reporting Standard Regulations - Mourant Ozannes

On 16 October 2015, the Cayman Islands introduced The Tax Information Authority (International Tax Compliance) (Common Reporting Standard) Regulations, 2015 (the Regulations) to implement the CRS.

NZ banks no exception to sweeping job cuts, branch closures

The amount of capital being provided to new start-ups and financial technology firms meant the industry was not far from causing real disruption

Israel joins international efforts to boost transparency and end tax evasion

Israel has signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, making it the 91st jurisdiction to join the world’s leading instrument for boosting transparency and combating offshore tax evasion.

Deutsche Bank's Swiss Unit to Pay $31 Million in Tax Case

The Department of Justice has announced that Deutsche Bank (Suisse) SA (Deutsche Bank Suisse) reached a resolution under the department’s Swiss Bank Program. Deutsche Bank Suisse will pay a penalty of more than $31 million.

The road less travelled by Thomas Zeeb, CEO of SIX Securities Services

The journey to authorisation is now (almost) over.

Swiss Bank Inks Tax Evasion Deal

Will pay a penalty of more than $7 million.

Offshore Tax Bulletin - Deloitte

October and November 2015

Africa's largest law firm goes from strength to strength as it launches in Ghana

Ghana offers a wide range of business and investment opportunities and the country has an abundance of agricultural, mining and human resources, among others.

BTG Pactual CEO Esteves Arrested In Brazil's Graft Probe, Police Say

Esteves is under temporary arrest for a maximum of five days, according to an official for the federal Supreme Court, which authorized the action.

Advisers need to stay on top of tax game as IRS eyes audits for millionaires

The tax collection agency may re-evaluate high-income taxpayers and expand to ultra high net-worth

Russian Billionaire’s Battle With Art Dealer Draws In HSBC

Bank accounts are subject of a complaint related to fight

Tax treaties: OECD releases latest MAP statistics

The MAP reporting framework and the definitions of terms used in reporting, as well as the other results of the proposals in the Committee on Fiscal Affairs' (CFA) 2004 report on improving the resolution of cross-border tax disputes, are described in

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