Managers of Wealth

Nina Ricci perfume heir charged with tax fraud

The heir to the Nina Ricci perfume fortune is to go on trial for tax fraud in what is seen as a test case related to the HSBC tax avoidance scandal.

S.E.C. Settles Swiss Secrecy Case With HSBC

The unit failed to register with the S.E.C. before providing advice to American clients, an omission that allowed it to avoid scrutiny in Washington.

Private Capital team scoops another award

"This award is a testament to our team, its international strength and the quality of work it does. It tops off what has been a great start to the new merged firm."

FCA gives wealth managers all clear on in-house product use

The regulator has given wealth managers the all-clear when it comes to putting their clients’ money into in-house investment products

Collas Crill announce Cayman merger

The merger creates the first and currently only law firm with offices in Singapore, the Cayman Islands, London and each of the Channel Islands.

New trust and tax reporting obligations for UK Resident Non Doms – a Mini UK FATCA? by Withers

Under new rules, information about offshore bank accounts and non-UK structures with UK resident owners (in the case of personally held accounts) or UK resident settlors, beneficiaries and protectors (in the case of trust structures) will be provided auto

Bank executives want City wrongdoers to face jail, says top funds boss

The latest of those is the foreign exchange scandal, which saw six banks fined $4.3 billion by U.S. and UK regulators last week for failing to put in place systems and controls to prevent traders from attempting to rig benchmark exchange rates.

International tax avoidance – now the investment community takes action by George Bull, Baker Tilly

We recently reported on a growing number of investors becoming uncomfortable over the tax affairs of some multi-national corporations. Now it appears that following the agreement by the G20 leaders to accept OECD recommendations to tackle tax avoidance an

Managing Operational Risk Under AIFMD by Tom Kirkpatrick and Colin Keane, SS&C

In a recent interview with Hedgeweek, Tom Kirkpatrick and Colin Keane discussed managing operational risk.

Swiss Vote to Abolish Tax Break for Rich Threatens Status

The disinterest of diners entering Cafe du Centre on the adjacent Place du Molard is echoed in the latest poll

Marrache liquidators sue Baker Tilly for £28m in bid to recoup lost client funds

The liquidators of Gibraltar firm Marrache & Co are suing the local branch of accountancy firm Baker Tilly for negligence, breach of duty, conspiracy and dishonest assistance for audit advice given prior to Marrache’s collapse in 2010.

Cyprus Agrees Double Tax Pact With Iceland

Cyprus and Iceland have released the text of a new double tax agreement signed between the two nations on November 14, 2014.

Switzerland takes important step to boost international cooperation against tax evasion

The Swiss decision is subject to Parliamentary approval, as well as the possibility that voters may be asked to approve the necessary laws and agreements.

Rich foreigner tax perks tipped to stay

Observers believe that the sea change in voting intentions has been influenced by more vocal arguments from the “no” campaign

Swiss banks asked to hand over more data in U.S. tax case

The U.S. Department of Justice has requested more information from around 40 Swiss banks taking part in a program to make amends for possibly aiding tax evasion by wealthy Americans

FATCA: Cost-Overruns Come with the Territory

That is, if they haven’t faced the music already.

Cyprus May No Longer Be A Tax Haven For Funds Or May It?

available to investors from the European tax haven under the bilateral tax treaty between the two countries.

Banks chase trading cheats with 'fuzzy' surveillance

Older systems to catch misconduct, still in use at some firms, pick through conversations for trigger words, but they can be easily circumvented.

Curbs on bankers’ fixed pay may be needed: UK’s Carney

Amid concern the current pay regime does not deter misbehaviour

Credit Suisse Among Banks in Limbo Over Regulatory Waiver

Wall Street has hit an unexpected stumbling block in its efforts to move beyond government enforcement actions.

Legal,Regulation,Tax & Compliance