09/07/2014
FCA Pulls List; Commits to Thorough Review of Methodology
It also has committed to a full review of the methodology that resulted in the Cayman Islands being placed on the list.
Legal,Regulation,Tax & Compliance
09/07/2014
Swiss banks now learn to shape up
Switzerland's allure as a place to stash cash has been badly damaged by a US-led campaign against tax cheats, and the country’s roughly 140 private banks can no longer rely on a reputation for secrecy to attract wealthy customers.
09/05/2014
Sudden Wealth From a Legal Settlement?
First, let's define a Life Event. A life event is a significant event that is either expected or a complete surprise that will change your life.
09/05/2014
New Cyprus decrees issued - Harneys
Relaxation of Restrictive Measures for Branches and Subsidiaries of Foreign Banks (Decree No 24)
09/05/2014
New Cyprus decrees issued - Harneys
Relaxation of Restrictive Measures for Branches and Subsidiaries of Foreign Banks (Decree No 24)
09/05/2014
Film Says Corporate Tax Avoidance Clouding Modern States
While the practice of corporate “inversion” may be generating headlines in the business world, a new documentary argues the larger issue of tax avoidance has become a major subversion of the global order.
09/05/2014
Expats could cut UK financial ties
Under current rules, expats are able to offset income earned in Britain against tax.
09/05/2014
Dutch Banking Tax Study Flawed, Says ABN AMRO
Dutch bank ABN AMRO has criticized a new report, The Fair Banking Guide, published by the Dutch BankWiser after an investigation into international tax avoidance in the Dutch banking sector.
09/04/2014
Credit Suisse Conducts Internal Probe Into Alleged Trader Misconduct
According to people familiar with the probe, in the latest example of a major bank uncovering potential problems as it sifts through employees' electronic communications.
09/04/2014
Swiss watchdog investigates Espirito Santo private bank
The Swiss financial regulator is probing the role played by Banque Privee Espirito Santo SA’s owners and whether the lender breached rules in selling investments linked to the Portuguese financial group.
09/04/2014
Ex-Goldman Trader Loses in Bid for $5 Million More in Bonus
Salem claimed he helped the bank earn more than $7 billion and told the arbitration panel on Feb. 25 that he was one of the most sought-after investment professionals in the mortgage industry.
09/04/2014
G20 must halt global game of tax avoidance by fighting anonymous shell companies and tax havens
Mention financial secrecy at the dinner table ten years ago and you would most likely have been greeted with a blank stare.
09/04/2014
Most Dutch banks are 'vague' about tax avoidance
Seven Dutch financial institutions may be involved in evading taxes and are ‘extremely vague’ about what they do to ensure this does not happen, the Dutch Fair Bank Guide said on Wednesday.
09/04/2014
No place to hide from the taxman – Seychelles signs automatic tax information sharing agreement
The country becomes the 46th jurisdiction to join the initiative launched by the G5.
09/03/2014
Wealthy Finns reveal hidden assets as Swiss bank secrecy comes to an end
Finnish tax authorities were taken aback last spring when dozens of Finns with assets stored in Swiss bank accounts requested corrections to their tax data to reflect undeclared income.
09/03/2014
Swiss completes tax-dodge payments to Britain, Austria
Switzerland said on Monday (Sep 1) that it had completed a programme to pay Britain and Austria hundreds of millions of euros in settlements for past tax-dodging by their citizens.
09/03/2014
Banks agonise over US tax evasion ‘guilt’
Swiss banks are engaging in a game of cat-and-mouse by positioning themselves to the best advantage in a United States tax evasion scheme that promises non-prosecution in exchange for owning up to past offences.
09/03/2014
International law firm Names Two Partners To Private Client Practice
With 26 offices across the globe, we are well placed to service our high net worth clients across Europe, the Middle East and Asia."
09/03/2014
Pakistan seeks Swiss legal framework to recover stashed money
Pakistan has requested Swiss authorities to place legal framework to effectively exchange details of its nationals who have parked untaxed wealth in Swiss banks
09/03/2014
Money laundering moving to RMB as US cracks down
Money launderers will increasingly move away from the US dollar to the renminbi as US authorities continue to crack down on international banks’ AML systems.