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.
06/02/2015
Orrick hires Akin Gump partner to launch new office in Geneva
Liborio focuses on commercial and investor-state arbitrations involving infrastructure projects
06/01/2015
Webb remains in Swiss jail, bail unlikely
The Swiss authorities have confirmed that Jeffrey Webb and his co-defendants held in Zürich are unlikely to get bail
06/01/2015
We are now in the new age of UK pensions, where you have complete freedom to do whatever you wish with your funds… depending on what type of pension you have, that is.
06/01/2015
The majority of the new team joins the firm from the Private Client Services Group at McKenna Long & Aldridge and comprises well-respected and highly experienced trusts and estate planning, charitable giving and trusts and estate litigation lawyers.
05/29/2015
Mandated disclosures are tricky to get right; if written in a way consumers can easily understand, there is a good chance they aren't disclosing enough
05/28/2015
Luxury resale site Vestiaire Collective shares its secrets to identifying luxury imposters.
05/28/2015
International law firm extends asset management practice to Europe
This team has extensive experience in advising private fund managers in relation to the structuring and establishment of a wide range of private investment funds.
05/28/2015
His total holding equates to a little under 3.1 million shares of 1 pence each.
05/28/2015
Barclays knew that during the first half of 2008, ICP Asset Management and Priore caused other investment vehicles they managed to make over $40 million in fraudulent transfers to Barclays to cover Triaxx Funding’s margin obligations.
05/28/2015
Basler, one of a host of local government-backed lenders in Switzerland, is still on the hook in a U.S. probe investigating how Swiss banks helped wealthy Americans dodge or cheat on taxes.
05/28/2015
The department is currently investigating accountholders, bank employees, and other facilitators and institutions based on information supplied by various sources, including the banks participating in this Program. Our message is clear – there is no
05/27/2015
Bulgari brothers to face trial on tax evasion ch
The investigation centres on a subsidiary based in Ireland which prosecutors say allowed Bulgari to benefit unfairly from that country's lower corporate tax rate, a judicial source said.
05/27/2015
More Swiss banks to settle with U.S. Department of Justice in near future - official
The settlement came under a voluntary Justice Department programme launched in 2013 that enables Swiss banks to avoid prosecution by disclosing cross-border activities that helped U.S. account holders conceal assets and income.