Managers of Wealth

Swiss Offshore Tax Evasion Enabler Pleads Guilty

Josef Dörig, 72, of Switzerland, pleaded guilty today to conspiring to defraud the Internal Revenue Service in connection with his work as the owner of a trust company in Switzerland.

Did your Swiss Bank enter into a Non-Prosecution Agreement?

What does that mean for you and what actions should you take?

Traders Join Exodus as Forex Probes Add Pressure on Costs

The ranks of foreign-exchange traders are rapidly thinning as a probe into alleged manipulation of benchmark rates widens and pressure mounts on the industry to reduce costs.

Centre discloses 26 names of account holders in Liechtenstein bank

A three-year-old judgment followed by repeated coaxing by the Supreme Court made the Centre disclose all 26 Indian account holders in LGT Bank in Liechtenstein along with details of money in their accounts, which was supplied in 2008 by Germany to India.

Income tax paid by non-doms hits record high of £6.8billion

Pinsent Masons says that the figures show that, despite their popular image, non-domiciles make a very significant contribution to the UK Exchequer.

Major sports stars sue collapsed Cheshire-based IFA firm

A £300,000 lawsuit was also brought against network IN Partnership

‘All systems go’ as FATCA registration deadline looms

Wealth management firms are making final preparations for the introduction of US tax regime

US Banks to Hand Over Evidence in Tax Probe

Banks in this part of the program, dubbed category 2, agree to comb through their books and compile information about how they set up Swiss accounts for U.S. clients.

Probe into AMT clients’ funds

AMT is one of the country’s largest independent investment firms, advising in the region of 280 clients with assets valued at between €28m and €30m under management.

Gold Bullion Storage Solutions For Gold "Bugs"

The report indicated that financial market turmoil and a fast-growing interest in gold investment was creating continued high interest in bullion investment, but the problem for investors has been major changes to US regulations affecting the storage of t

Swiss team to discuss revision of dual taxation treaty: Visit likely by August-end

The Cabinet had given its approval for renegotiating Pakistan-Switzerland Avoidance of Double Taxation Agreement.

Banker’s wife arrested after their three disabled children are found dead at home

Her City banker husband Gary was flying home today

Discount deals: which platforms are cleaning up?

In the old world of fund manager kick-backs, the size of rebate was related to the size of platform

FCA appoints two new senior advisers focused on competition and investment banking

David Saunders and Gunner Burkhart have been appointed as senior advisers at the Financial Conduct Authority.

Leading UK law firm Expands Private Wealth Team

Her appointment reflects our ongoing investment in private wealth services

FSCS levy hike reignites debate about how costs are apportioned

It is a move that has prompted concerns

UBS And Morning Star Offer Solvency II Service For Funds

A unit of UBS is collaborating with research firm Morningstar to help asset managers calculate solvency capital requirements (SCRs) under the Solvency II regime at the fund level.

FATCA will still take effect amongst OECD proposed agreement

The Global Organisation for Economic Cooperation and Development’s proposed standard information exchange does not change the FATCA deadline.

Switzerland: You can dodge, but you can’t hide

As Swiss banks wait for the US authorities’ tax evasion spotlight to fall on them

FBI uncovers vast bunker hidden beneath Washington state home of fugitive Romanian tax scammers

The FBI released photos of an elaborate underground bunker discovered when feds raided their home last month.

Legal,Regulation,Tax & Compliance