08/05/2015
5 firms, 6 emails / Electronic chat transcripts that cost billions
Emails, telephone calls and electronic chats were a crucial part of the damning evidence
Legal,Regulation,Tax & Compliance
08/05/2015
Double taxation pact reflects growing importance of Oman: Swiss envoy
That agreement, originally signed in 2009, came into effect on July 1 this year, according to Curtis law firm.
08/05/2015
ESMA to Assess Non-EU Countries for AIFMD Passport
This is good news for alternative investment fund managers that do business in Europe,
08/04/2015
Deutsche Bank Said to Be Probed by DOJ on Russia Mirror Trades
U.S. federal prosecutors are investigating billions of dollars of trades Deutsche Bank AG made on behalf of Russian clients as recently as this year, according to people with knowledge of the situation.
08/04/2015
Ex-UBS, Citigroup trader jailed by London court for Libor rigging
In the first trial of a defendant accused of Libor rigging, Hayes had faced up to 10 years imprisonment for each count of conspiracy over the manipulation of London interbank offered rate Libor
08/04/2015
'Fugitive' ex-UBS trader cannot escape U.S. case over Libor: judge
Darin's lawyers argued he was not a fugitive since he had never fled
08/04/2015
JPMorgan Questioned on Private Bank’s Hedge Fund Disclosures
The firm is responding to and cooperating with the relevant authorities
08/04/2015
The impact of FATCA in the Philippines
Hiding money overseas to avoid taxes has been the long-established practice of some taxpayers. Offshore tax havens (i.e., countries that have low or no taxes and lack of transparency) still exist, making it possible for individuals to evade taxes by not r
08/04/2015
Swiss Bank Reaches Resolution under Justice Department's Swiss Bank Program
Individual Income Tax Returns, or IRS Forms 1040, that failed to report their respective interests in their undeclared accounts and the related income.
08/04/2015
Three more Swiss Banks Reach Resolutions under Justice Department's Swiss Bank Program
Banks Will Collectively Pay Penalties of More than $8.4 Million and Continue to Cooperate with Department
08/04/2015
Andy Warhol and Damien Hirst dealers investigated as buyers left with nothing
Police launch inquiry after couple sell gallery and move to France – as collectors and artists chase £500,000
08/04/2015
€25m Picasso and superyacht collide with Spanish export ban
Customs officials are tipped off about alleged attempt to take painting belonging to member of banking dynasty to Switzerland
08/03/2015
Regulator delays decision on whether big funds systemically important
Global work by regulators on whether big asset managers should face tougher rules because of their size has been put on hold to focus on their ability to cope in volatile markets, a task force set up for the Group of 20 leading economies said.
08/03/2015
Judge deals hedgie setback in $100M suit against neighbor
New York hedge fund tycoon Louis Bacon must have been on island time.
08/03/2015
The Global Forum releases new compliance ratings on tax transparency
The Global Forum on Transparency and Exchange of Information for Tax Purposes published new peer review reports today for 12 countries or jurisdictions, moving further ahead with its goal to implement global standards on transparency and exchange of infor
08/03/2015
Cooperating with Indian authorities on Swiss a/c probe: HSBC
Facing a probe by Indian authorities into accounts held by Indians in Switzerland, global banking giant HSBC on Monday said it is cooperating with the authorities.
08/03/2015
A Staggering $12Tn In Assets Has Been Lost To Global Offshore Industry
The definition of victory for this paper is to review and improve upon existing estimates of the size, growth and distribution of untaxed private wealth protected and serviced by the global offshore industry.
07/31/2015
UBS Donations To Clinton Foundation Upped After 2009 Swiss Deal
It might just be coincidental timing, but it sure looks bad.
07/31/2015
NewsAlert: Tackling tax evasion - new measures - July 2015
HMRC has published four consultations – all issued under their ‘offshore evasion strategy’, seeking views on new criminal offences, civil penalties and sanctions aimed at offshore tax evasion.
07/31/2015
Extension of the AIFMD Passport
The European Securities and Markets Authority delivered their advice to the Commission, Parliament and Council of the EU on the extension of Alternative Investment Fund Managers Directive passports to non-EU jurisdictions.