Managers of Wealth

'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

Italy and Switzerland sign landmark exchange of information agreement

After three years of intense negotiations, on the 15th January 2015 representatives of the Italian and Swiss Governments signed an agreement which spells the end of banking secrecy.

UBS confirms fresh tax evasion probe in the US

The Swiss bank said US regulators were investigating potential sales of so called "bearer bonds"

HSBC Swiss leaks: Who's who in the great tax avoidance scam?

Revelations about HSBC, headquartered in Britain and led at the time by Sir John Bond, have emerged that show the bank helped wealthy clients across the world evade hundreds of millions of pounds worth of tax.

Switzerland, Liechtenstein Conclude DTA Talks

The FDF expects the deal to be signed this summer and, pending the completion of respective national approval procedures, for it to be applied from January 1, 2017.

Got a Swiss bank account? The ATO wants to hear from you

Hundreds of wealthy Australians holding secret Swiss bank accounts are being urged to come forward - or face investigation by the tax office.

UBS Puerto Rico Apparently Pressured Brokers to Sell Risky Puerto Rico Bond Funds -- Dimond Kaplan & Rothstein

Investors have lost billions of dollars in the UBS funds

British offshore centres turn on Labour over tax attack

British offshore financial centres on Sunday criticised the leader of the opposition Labour Party after he threatened to put them on an international blacklist for tax avoidance if he wins a national election in May.

U.S. Probe Of Barclays, UBS Widens Forex Trading Investigation

Currency-linked investments marketed by Barclays Plc. and UBS are under the scanner of the US Department of Justice

Margaret Hodge accuses ex-chairman Lord Stephen Green over HSBC files

Former trade minister and HSBC boss was either asleep at the wheel or involved in dodgy tax practices, says head of public accounts committee

Channel Islands hit back on Miliband tax warning

Business leaders say Ed Miliband failed to do his research in a tax avoidance warning to the Channel Islands.

Jersey Finance responds to Labour’s proposals on offshore tax evasion

Jersey has captured beneficial ownership information on a corporate registry since 1999 and this information is available to law enforcement agencies.

Bermuda Responds to UK Opposition Leader Ed Miliband

It should be noted that Bermuda has in fact had a central registry, of the kind being introduced in the UK, since the 1940s, and has been a leader internationally in this area.

How can wealth managers benefit from HNW divorces?

High net worth divorces throw up many issues for wealth managers as marriages end, portfolios are divided and suddenly there are two potential clients instead of one.

‘War for talent’ being waged in compliance space

IFA networks and wealth managers are struggling to find the quality and quantity of compliance staff to keep up with an ever-increasing regulatory burden

Legal,Regulation,Tax & Compliance