Managers of Wealth

Failure to Disclose Offshore Accounts Could Cost U.S. Taxpayers 50% of Their Accounts' Value

The IRS has identified at least ten banks whose accountholders face this penalty

UK FATCA and Cayman Funds by Maples & Calder

The UK IGA provides a framework for the implementation in the Cayman Islands of a UK tax residents reporting regime ("UK FATCA") which is similar in scope to the US Foreign Account Tax Compliance Act ("US FATCA").

European Long Term Investment Funds - Assessment of EU proposals

The proposals are designed to provide a framework for retail investment in illiquid asset classes such as infrastructure projects and unlisted companies.

Mourant Ozannes advises on ARC deal

The new collaboration will ensure that ARC has greater resources to support its plans to establish sustainable operations in Europe, North America and Asia.

Guidance for meeting bribery and corruption risks head on

We see yet more global companies caught up in corruption allegations in their international operations, leading many to review their business overseas. Let our quick list of dos and don'ts around the UK Bribery Act help keep you straight.

Ernst & Young settles SEC accusations for $4 million

Auditor independence is critical to the integrity of the financial reporting process

James’s Asset Management LLP/ St James’s Investments (clone)

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out more about this ‘clone firm’.

Retired banker to the Queen jailed over £10million money investment scam

The fraud was operated by Noad's son Matthew, 27, and fellow fraudster Clive Griston, 52, who targeted pensioners in a cold-calling scam.

Investigators Probe the Ways a Swiss Broker Courted Libyan Business

U.S., U.K. Look at Tradition Financial Services and Parties Held for Libyan Officials in Marrakesh

China demands wall around wealth management sector to cut risk

Chinese banks must create a firewall around increasingly popular wealth management services, the country's banking regulator urged, in order to avoid any contagion from higher risk products spreading to normal bank loans.

EBA proposes potential regulatory regime for virtual currencies

But also advises that financial institutions should not buy, hold or sell them whilst no such regime is in place

New decision on wording of Cyprus-India double tax agreement

Cyprus company Glendive Enterprises Limited entered into an agreement with Arabian Resources FZC to provide a ship to transport bauxite ore

Bruised and grumbling, foreign banks bend to U.S. rules

The BBA estimates Western banks have cut hundreds of relationships with correspondent banks in emerging markets, hurting businesses, governments and people in poorer countries.

Ex-Soros manager sues for $20m after eight months work

The legendary investor faces a hefty legal claim after one of his former fund managers claims he's owed millions after being fired

Bruised and grumbling, foreign banks bend to U.S. rules

Financiers may grumble that the United States is acting like an imperial power in punishing foreign banks for dealings far beyond U.S. territory, but in the end they are more likely to bow to Washington than kick against its dollar muscle.

Revenue Canada's offshore tax cheat snitch line flooded with calls

Cash reward system gives tipsters up to 15 per cent of the amount in taxes collected

Steven Cohen Writes a Big Check to the U.S. Government

Steven A. Cohen proved to be a stickler for the letter of the law when it came to paying the criminal penalty imposed on his former hedge fund as part of its guilty plea on insider trading charges.

Swiss ex-banker charged with giving data to WikiLeaks

The charges refer to data passed to Assange during a news conference in London and to alleged attempts by Elmer to pass on confidential client data to German officials in 2009 and 2010.

Pre-nuptial agreements: wedding bells or alarm bells?

Individuals who intend to marry tend not to see divorce as a possibility

Guernsey - Leading The Way With Unique Foundations Legislation

Guernsey has taken note of the fact that some clients may worry about confidentiality

Legal,Regulation,Tax & Compliance