06/09/2015
The chairman of Swiss banking giant UBS and the head of Switzerland's financial watchdog clashed on Monday over the country's need to have tougher targets for its own banks than the global standards for the industry.
06/09/2015
U.S. offers large payouts for information, but programs in Canada are just getting started
06/09/2015
Many are now familiar with the famous Report of Foreign Bank and Financial Accounts (FBAR), a relatively small form that carries with it the threat of huge penalties in the case of a willful failure to file.
06/08/2015
Finance minister advocates domestic tax amnesty
Switzerland’s participation in agreements over the automatic exchange of information means that tax amnesty within the country's borders should be considered for a fair playing field
06/08/2015
The proposed provisions are similar to existing provisions relating to information exchange except in one important regard.
06/08/2015
The Pensions Ombudsman has ordered two wealth managers to make up the investment losses incurred by a pensioner on the late transfer of his drawdown fund.
06/08/2015
Pushing forward efforts to boost transparency in international tax matters, the OECD today released a package of measures for the implementation of a new Country-by-Country Reporting plan developed under the OECD/G20 BEPS Project.
06/08/2015
Webb and Takkas, a British national and former longtime resident of the Cayman Islands, were arrested in Zurich, Switzerland, on May 27 and are fighting extradition to the U.S.
06/07/2015
The settlements involve mortgage securities that the banks sold in the run up to the financial crisis.
06/05/2015
Warner faces prison for his alleged role in more than $150 million in payments made and accepted by 14 officials and sports-marketing executives
06/05/2015
From managing systemic risk to enhancing transparency and investor protection, firms are grappling with balancing the demands of an ever-changing regulatory landscape with limited budgets and operational resources.
06/05/2015
Australia, Canada, Chile, Costa Rica, India, Indonesia and New Zealand join multilateral agreement to automatically exchange information
06/05/2015
Bank tied to Fifa scandal has chequered past
Delta National Bank appears more than 24 times in US charges against football officials and has had at least three prior run-ins with authorities
06/04/2015
The move clears up one of the numerous investigations around the world into HSBC’s Swiss private banking unit, which faces allegations of aiding clients to avoid tax and laundering money from illicit sources.
06/04/2015
Gibraltar QROPS operators could see their responsibilities as a trustee extend to include the due diligence of overseas financial advisers
06/04/2015
One of the world’s largest independent financial advisory organisations has today launched its standalone tax consultancy division.
06/04/2015
The data also reveals that Latvia's ABLV bank is linked to significant amounts of money in HSBC's controversial Swiss accounts.
06/03/2015
Mauritius standout of all offshore jurisdictions, onshore comparator China remains ‘world’s engine room’ for company registrations
06/03/2015
Perhaps surprisingly, Switzerland is one the first to sign up to an automatic exchange agreement with the EU, with Andorra, Liechtenstein, Monaco and San Marino set to follow. This means that very soon there will be no safe haven for hidden funds…
06/03/2015
Rothschild Pays $11.5 Million for Helping Americans Evade Taxes
“The days of safely hiding behind shell corporations and numbered bank accounts are over,” said Acting Assistant Attorney General Caroline D. Ciraolo of the Department of Justice’s Tax Division.