Managers of Wealth

Government to make offshore tax evasion a criminal offence

Currently HMRC has to demonstrate that even when someone failed to declare offshore income, that the individual intended to evade tax

UBS refuses to share info on stud-farm owner

Swiss bank UBS has refused to share any information with Enforcement Directorate on matters related to alleged money laundering and tax evasion by Pune based stud-farm owner Hasan Ali

$2b deal likely in Credit Suisse tax evasion probe

The talks between Credit Suisse and Benjamin Lawsky, New York’s financial services superintendent, are ongoing

IMA's pounds and pence fee plans approved by regulator

Proposals that will see fund managers break down profits and losses in pounds

Advisers build brisk business with legal services arms

Loughborough-based Chesterton House Financial Planning also recently launched a solicitor arm

Rathbones buys law firm as it continues hunt for opportunities

The company said the purchase would ‘add depth to the range of its advisory services’. Rooper & Whately was founded by trust planning specialists Matthew Wakefield and Julian Whately in 2009.

Could Credit Suisse Alleged Tax Evasion Crimes Match James Bond Bankers of UBS?

The tax probe causing grief to Credit Suisse is demonstrating a break from legal precedent.

Global survey finds two in five businesses open to outsourcing

New research from the Grant Thornton International Business Report reveals that two in five business leaders globally either currently use outsource back office processes.

Guernsey introduces LLPs

Guernsey has expanded the range of structures available from the jurisdiction by introducing Limited Liability Partnerships

Insider trading: alleged scam was uncovered through LinkedIn

Broker found the LinkedIn connection after his team alerted him to suspicious trades

Loan funds in Malta Licensing and regulation

The Malta Financial Services Authority has recently clarified its position with respect to the licensing and regulation of loan funds in Malta.

FCA one year on – effective regulation goes hand-in-hand with sustainable businesses by Clive Adamson, FCA Director of Supervision

Speech by Clive Adamson, FCA Director of Supervision, at the Building Societies Association (BSA). This is the text of the speech as drafted, which may differ from the delivered version.

FCA review uncovers 'unclear' & 'complex' fund charging structures

Firms must present their fund charges clearly and consistently, the Financial Conduct Authority said today, so that retail investors are able to compare charges before making decisions on where to invest.

Pakistan to hold talks with Switzerland to return illicit money

Pakistan is to hold talks with Switzerland on a new tax treaty

The US Government Has Finally Begun Going After Banks, But Their Names Will Surprise You

The US wants Credit Suisse to plead guilty to charges of helping Americans avoid taxes through the use of Swiss bank accounts.

BNP Paribas, Credit Suisse Seek Leniency in U.S., NYT Says

The U.S., which has been investigating Credit Suisse for at least three years into whether it helped Americans evade taxes

Allowing HMRC to raid our bank accounts attacks individual freedom

The taxman removing cash from personal bank accounts is an abuse of power

Swiss banks to follow new regulations

Swiss banks are currently undergoing an exercise in attrition

Morgan Stanley fined $5 million over retail sales of 83 IPOs

The regulator said the unit treated the phrases interchangeably, even though indications of interest lead to share purchases only if investors reconfirm them, while conditional offers to buy can result in binding share purchases unless investors revoke th

Singapore predicts introduction of commission disclosure requirements

A mix of senior bancassurance selectors and wealth management professionals were sampled for the survey, which polled on a range of industry-specific issues, including business practices, industry outlook and regulations.

Legal,Regulation,Tax & Compliance