04/17/2015
While Swiss bankers indicted in U.S. tax-evasion probe remain at large, whistleblower went to jail
The whistleblower who helped the Justice Department in its probe ended up going to jail for more than two years
Legal,Regulation,Tax & Compliance
04/17/2015
SEC Charges Former J.P. Morgan Advisor With Looting $20M From Customers
The Securities and Exchange Commission has charged a former investment advisor at J.P. Morgan Securities with stealing at least $20 million from customers to fund his own brokerage accounts in a scheme that spanned more than three years.
04/17/2015
Trouble in paradise
An international fraud investigation raises vexing questions
04/17/2015
Portal for BVI FATCA Reporting Launches
The British Virgin Islands International Tax Authority (ITA) has launched its BVI Financial Account Reporting System (BVIFARS).
04/17/2015
Boston investment adviser must pay couple $48.5 million -ruling
The sole arbitrator in the case ruled that the firm and Weiss breached their fiduciary duty to the Sutows
04/17/2015
Foreign Banks and Bankers Face New Risks From Swiss Bank Amnesty
The DOJ and the Internal Revenue Service have vowed to “follow the money” in pursuit of additional investigations of both banks and individuals.
04/16/2015
Four Ways Rich People Can Still Hide Their Money
The Swiss bank account is no longer so secret, but there are other ways to keep assets away from prying eyes
04/16/2015
Guernsey removed from Italian tax blacklist
The Italian Ministry of Finance has removed Guernsey from its revised tax blacklist
04/15/2015
US targets tax evaders in Asia with HK investigators
The stationing of US tax investigators in its Hong Kong consulate signals that America's hunt for taxation evaders has moved to Asia, following years of probes and fines in Europe.
04/15/2015
Appleby Snapshot: Full Year Report on 2014 Petition Filings & Orders
The latest Appleby report which provides a snapshot of data in relation to petition filings and resultant court orders in six of our offshore jurisdictions.
04/15/2015
Deutsche Bank fined $8.4m by Dubai regulator
Those contraventions include misleading the DFSA, failures in DBDIFC's internal governance and systems and controls and in its client take-on and anti-money laundering processes.
04/15/2015
The End of Swiss Tax Privileges for Holdings, Finance Branches, Principal and Mixed Companies
This newsletter describes the internationally accepted yet competitive implementation of the agreement with the European Union regarding the end of the above mentioned Swiss tax privileges.
04/15/2015
Hollande heads to Switzerland to mend ties after tax squabbles
French presidents rarely pay a call to their Swiss counterparts
04/15/2015
UK regulator hits BNY Mellon with record fine
The Custody Rules are there to protect safe custody assets if a firm becomes insolvent and to ensure those assets can be returned to clients as quickly and easily as possible. Each regulated firm is required to ensure they have adequate systems, controls
04/15/2015
Italy Removes Offshore Jurisdictions from Tax Blacklist
Italy Removes Offshore Jurisdictions from Tax Blacklist 21 countries that are now considered to have an adequate level of tax information exchange with Italy have been removed from the Italian tax blacklist.
04/14/2015
Vatican to share information
Vatican City signed an information sharing agreement with Italy earlier this month
04/14/2015
P Profit and Protection: Techniques for Future Success - Withers
One of the most common hurdles to creating a tax efficient offshore IP structure is the effective transfer of the IP from the United States abroad
04/14/2015
Insolvency Petitions Down Across Most Offshore Jurisdictions in 2014 - Appleby
Investors Turn Away from Petitions and Toward New Opportunities, Appleby Reports
04/14/2015
Asset managers under threat as regulation mounts
The institution’s paper on the asset management industry and financial stability covered various issues it believed needed to be raised and potentially regulated against.
04/14/2015
Swiss Banks Preach Transparency in U.S. Tax Evasion Endgame
Customers are being asked to prove they have paid any taxes due, according to a dozen lawyers for banks or their customers.