Managers of Wealth

AEOI: tax reporting doesn’t have to be taxing – by Colin Camp, Dion Global

With so much attention on FATCA in recent times, the financial services industry could be forgiven for seeing it as the most obtrusive regulation ever imposed.

Wegelin Bankers Face Obstruction Charges in U.S. Tax Case

Three Swiss bankers accused in 2012 of helping Americans hide more than $1.2 billion from the U.S. Internal Revenue Service face new charges of obstructing the agency from collecting taxes on undeclared accounts.

FCA slams asset managers for poor market abuse controls

The FCA said asset managers “need to pay more attention to the possibility of receiving inside information through all aspects of the investment process and take steps to manage this risk”.

FCA may force bankers to hand back basic pay if found guilty

Wheatley said the regulator was “sympathetic” to the idea despite “all sorts of con-tractual issues”.

France issues warrants for three UBS managers in tax fraud case

The hefty payment followed charges of tax fraud in July.

Cypriots with deposits abroad have paid €7.5m tax

Tax Commissioner Yiannakis Lazarou told MPs that between 2006 and 2012, authorities found 3,353 Cypriots with deposits abroad, taxing them €7.5 million in total.

Indian tycoon charged with murder after security guard 'took too long to open gate'

Muhammed Nisham, a multimillionaire tobacco tycoon, allegedly rammed his four-wheel drive car into security guard and thrashed him with iron rod

HSBC helps around 6,000 rich French lawyers dodge taxes

International banking giant HSBC helped around 6,000 rich French lawyers, artists, businessmen and even a World Cup winner dodge taxes, new explosive reports claim

Bank Hackers Steal Millions via Malware

The bank’s internal computers, used by employees who process daily transfers and conduct bookkeeping, had been penetrated by malware that allowed cybercriminals

Personal Tax, Pensions and Benefits Review - Deloitte

Guernsey’s recently published Personal Tax, Pensions and Benefits Review has been prepared jointly by the Treasury & Resources Department (T&R) and Social Security Department (together the Joint Board) with the objectives of examining the lo

Got a few million bucks you want to protect from the tax man?

The company’s aggressive online marketing has attracted enough customers that the Internal Revenue Service and U.S. prosecutors noticed.

Belgian judge withdraws arrest threat for HSBC directors

The Belgian judge has charged the HSBC unit with tax fraud and money laundering, accusing it of offering diamond dealers and other wealthy clients ways of hiding cash and evading tax.

Pre-election tax relief jitters may drive IFA sales

Originally introduced in 2008, the relief was initially capped at capital gains of £2m, but was subsequently raised to £10m.

HM Revenue to chase £20m in Jersey-based HSBC accounts

A former member of staff told The Independent that there were “skeletons in the closet” dating from before the financial crisis.

'Swiss Leaks' catastrophic for African economies

Developing countries in Africa have been hit by the full force of the recent Swiss Leaks scandal.

Tax investigation of HSBC's Swiss arm raises risk of HMRC and SFO prosecutions - Withers

Withers tax investigations, litigation and criminal specialists work together to assist individuals and companies at every stage of an investigation, from initial enquiry from HMRC or the SFO onwards.

EU commission hopes global standard will end tax evasion

The European Commission is hoping that a new global reporting standard will eradicate tax evasion and tax fraud in the wake of the latest revelations in Switzerland

Revision of the FINMA Anti-Money Laundering Ordinance

The Swiss Financial Market Supervisory Authority FINMA has opened a consultation on the draft revised version of the FINMA Anti-Money Laundering Ordinance

UK's tax authority requests data on AFIP's report against HSBC

By the time the report was filed, AFIP said it received the information on the secret accounts from France, which had placed HSBC's Swiss private banking arm under formal investigation for possibly aiding tax evasion.

The Gallic connection – helping you secure charitable exemption on French estates and recent legislation - Withers

Traditionally, EU Member States have restricted charitable tax reliefs to domestic charities meaning that a legacy to a foreign charity may attract a tax liability

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