Managers of Wealth

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.

Bhutto’s jewellery to remain in Switzerland

The money was allegedly deposited in Swiss banks, and accounts belonging to Bhutto and her husband were frozen following an official Pakistani request in 1997.

Swiss Seek Better Image in Germany After Tax-Cheat Cases

Switzerland’s ambassador to Germany said his country is working to improve its image after years of revelations that Germans used Swiss banks to avoid taxes.

HSBC Unit Charged by Belgian Prosecutors in Tax Fraud Probe

“More than 1,000 Belgian taxpayers could be affected over amounts involving several billions of dollars that were invested, managed and/or transferred between 2003 up to the present day,” prosecutors said in the statement.

Worldwide: (More) Business As Usual

When it comes to new regulations, Guernsey is offering optionality to overcome 'fortress Europe', according to Fiona Le Poidevin, Chief Executive of Guernsey Finance.

Steven Cohen's ex-wife can ask him about insider trading: judge

But the judge denied Patricia Cohen's bid for so-called Wells notices sent to Cohen by the U.S. Securities and Exchange Commission and any responses he provided.

Trade bodies lobby ESMA over ‘absurd’ Mifid trusts label

The Wealth Management Assocation and the Association of Investment Companies are lobbying to prevent a new European directive labelling investment trusts as “complex” instruments, which they say would reduce investment into the vehicles.

United Kingdom – Amendments Make Important Alterations to Tax Treaty with Canada

The protocol was signed on 21 July 2014, and will come into force once the two countries have exchanged diplomatic notes and completed their necessary internal procedures to implement the agreement.

Law gets fashionable as labels learn to love litigation

Long considered "too fluffy" for serious lawyers, fashion law has emerged in recent years as one of the most lucrative -? and occasionally absurd -? new battlegrounds for the legal profession.

Ex-Swiss private banker charged in U.S. for tax scheme

The bank was not identified by name in court papers, but was described as an institution that purported to be the oldest private bank in Zurich.

The banking industry's bill for bad behaviour: $300b

And that's just from expected fines.

Qatar, Russia cleared of World Cup corruption

The 2018 and 2022 FIFA World Cups will go ahead in Russia and Qatar as planned after the ethics committee of football's governing body said it could find no grounds for reopening the controversial bidding processes.

EU’s Juncker speaks about Luxembourg tax avoidance

The new European Commission President took political responsibility yesterday for Luxembourg’s role in helping global companies to avoid taxes, and Germany urged swift action to fight tax evasion in Europe.

Gold may be the new Swiss bank: $1 mn of black money = 25 kg of gold

The government is said to be mulling curbs on imports of gold after witnessing two consecutive months of surge in September and October.

IRS Loses 'Lavish Spending Is Tax Evasion' Case, Big Spenders Rejoice

Electronic Arts founder Trip Hawkins may be feeling pretty good too after his court victory.

Developing countries to play greater role in OECD/G20 efforts to curb corporate tax avoidance

The BEPS Project aims to create a coherent set of international tax rules to end the erosion of national tax bases and the artificial shifting of profits to jurisdictions solely to avoid paying tax.

Legal,Regulation,Tax & Compliance