05/12/2015
The move by the U.S. would be a first for the industry, making good on a March threat by a senior Justice Department official to revoke such agreements and putting banks on notice that these accords can be unwound if misconduct continues.
05/11/2015
The Aftermath Of A Leak: What's Next in the HSBC Suisse Tax Evasion Saga?
JURIST Guest Columnist Shu-Yi Oei of Tulane University Law School discusses tax evasion investigations and possible criminal charges against HSBC's Swiss private banking unit...
05/11/2015
Second Swiss bank reaches deal under U.S. tax program
The program, launched in 2013, allows Swiss banks to avoid prosecution by disclosing cross-border activities that helped U.S. account holders conceal assets and income. Banks already under criminal investigation are excluded from the program.
05/11/2015
No evidence blues legend is being abused
05/11/2015
Private client issues such as inheritance tax, wills and trusts are top of the political agenda right now, and lawyers should prepare themselves for change.
05/11/2015
HM Revenue & Customs' increasing scrutiny of internationally-mobile high net worth individuals is likely to continue under the new Conservative government, say law firm RPC.
05/11/2015
The “Luxleaks” journalists invited to Parliament to share their views and experiences and were warmly welcomed by MEPs, who complimented them on "their courageous work".
05/08/2015
The case is now committed for trial at the High Court, Wan said, without giving a specific date.
05/07/2015
These illustrations show how the economic crisis of 2008 was a catalyst for going after tax havens by developed economies.
05/07/2015
“The higher compensation people get for helping justice, the greater the pressure cheaters will have. It’s important to know people can gain a lot more by helping instead of cheating.”
05/06/2015
The new rules, announced on Tuesday, bar the spouses of senior officials in the sprawling metropolis of more than 23 million from going into private business.
05/06/2015
JPMorgan Chase & Co. received subpoenas and inquiries from the U.S. Securities and Exchange Commission and other regulators about how it sells its own mutual funds and other proprietary products.
05/06/2015
In a recent article published by Law360, Peter McMaster QC of Appleby (Cayman) Limited discusses approaches to investor redress when an investment fund becomes a Ponzi scheme.
05/06/2015
A unit of French bank BNP Paribas has been put under investigation in France for misleading marketing of loans in Swiss francs
05/05/2015
French-Italian whistle-blower's Open Letter to Prime Minister Narendra Modi
Increase transparency and focus on big corporations that exploit faulty banking mechanism to stash wealth abroad.
05/05/2015
Barclays’ Lehman deal will go ahead
Barclays originally won approval to buy the brokerage business in September 2008
05/05/2015
UK Supreme Court to hear HMRC case on bank bonuses
The UK’s highest court is to hear an appeal by HM Revenue & Customs over two offshore schemes designed to avoid paying tax on bankers’ bonuses
05/05/2015
Foreign businessmen and lawyers facing 48 years in prison for tax evasion
Group of wealthy expats facing prison for failing to declare property purchases in Marbella
05/05/2015
Regulators have already fined six major banks including UBS a total of US$4.3 billion
05/05/2015
HSBC Judge Seeks More Information About Sanctions Compliance
The government and HSBC seek 30 days to comply, saying they may need to request that the report be filed under seal, or with redactions.