Managers of Wealth

Sealed HSBC report shows US managers battling clean-up squad

HSBC agreed to submit to the monitor's oversight in late 2012, as part of a pact with the US Justice Department that required it to bolster its in-house controls.

Hoax Phone Call Costs Hedge Fund $1.2 Million and CFO’s Job

The caller said he was from Coutts

George Osborne family business' £6m offshore deal

Chancellor George Osborne's family business made £6m in a property deal with a developer based in a tax haven, Paul McNamara and Guy Basnett investigate.

Qrops crackdown in Australia, and Canada could be next

HMRC has delisted thousands of overseas schemes that could previously accept pension transfers from Britain

Tunisia seeks to block HSBC settlement in Geneva - paper

The bank said at the time that no criminal charges would be filed and that neither the bank nor its employees were suspected of any current criminal offences.

Clients Sue London Art Dealer Over Missing Millions

Now, an array of well-heeled clients are claiming that Sammons owes them the proceeds of sales for works or the return of the artworks. High Court will hear the case.

Regulators to get tough on bank and asset management chiefs

The rules also give the City watchdog the power to imprison senior bank staff

Fried Frank Adds Asset Management Regulatory Attorney in London

This development follows Fried Frank's announcement in May about the expansion of its Asset Management Practice to Europe with the addition of Mark Mifsud, Kate Downey and Alexandra Conroy as partners in the London office.

OECD backs Guernsey as a cooperative jurisdiction

Monica Bhatia, Head of the Secretariat of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes said: "I am very surprised that Guernsey has been included in a list of non-cooperative jurisdictions. We are very pleased wi

Athens eyeing deal to tax assets hidden in Swiss banks: report

The government made up of the left-wing Syriza party, whose survival likely depends on the referendum outcome, has promised to tackle tax evasion which hurts Greece's already devastated economy.

Switzerland Tops The Financial Secrecy Index

When the HSBC Holdings plc Swiss leaks story broke the big shock was that someone had produced evidence, not that one of Switzerland’s notoriously secretive banks had helped people evade taxes.

Brazil probes currency market activity of 15 global banks

The Brazilian investigation comes weeks after six of the world's largest financial institutions agreed to pay $5.8 billion to the U.S. government

Team Pacquiao sues Team Mayweather for $100M

The suit centers mainly on alleged violations of federal antitrust laws

UBS has whistleblower deal in Brazil currency investigation - paper

In a document released Thursday, antitrust watchdog Cade alleged the banks colluded to influence benchmark currency rates in Brazil

Fifa arrests: US asks Switzerland to extradite officials

The United States has asked Switzerland to extradite seven Fifa officials arrested on corruption charges in May, the Swiss authorities say.

HMRC scraps thousands of QROPS from overseas pensions list

HM Revenue & Customs has dropped thousands of QROPS schemes from its recognised overseas pension schemes (ROPS) list, with Australian schemes fairing the worst.

IRS Considers New Tax on Wealthy Families

The IRS wants to sharply curtail a favorite tax benefit affecting family partnerships and LLCs

KPMG And Dun & Bradstreet Alliance Addresses FATCA Due Diligence Challenges

Collaboration offers tool to simplify FATCA business entity compliance as 2016 deadline looms

FIFA scandal exacerbates Canadian banks' Caribbean troubles

Blazer has pleaded guilty to a series of financial crimes, including money laundering, wire fraud and tax evasion, and is cooperating with authorities.

It Just Got More Risky to Violate Swiss Bank Secrecy

The penalties for whistleblowers and others breaking Switzerland’s fabled bank secrecy laws just got more severe.

Legal,Regulation,Tax & Compliance