07/15/2014
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.
Legal,Regulation,Tax & Compliance
07/14/2014
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
07/13/2014
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.
07/13/2014
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
07/13/2014
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
07/13/2014
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.
07/13/2014
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
07/13/2014
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.
07/13/2014
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
07/11/2014
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.
07/10/2014
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.
07/10/2014
Pre-nuptial agreements: wedding bells or alarm bells?
Individuals who intend to marry tend not to see divorce as a possibility
07/10/2014
Guernsey - Leading The Way With Unique Foundations Legislation
Guernsey has taken note of the fact that some clients may worry about confidentiality
07/10/2014
Only two firms meet FCA standard on dealing commission
The FCA reviewed how firms use the charges paid by consumers for executing trades and external research
07/10/2014
Leading offshore legal and fiduciary services provider Scores Hat-Trick of Shortlistings in STEP Private Client Awards
The STEP Private Client Awards, now in their ninth year, highlight excellence among private client solicitors/attorneys, accountants, barristers, bankers, trust managers, and financial advisors. This year saw the highest number of entries yet, according t
07/10/2014
FCA steps up focus on fair use of client dealing commission
The FCA will work closely with industry and other regulators to ensure that the new European rules deliver the best outcome for investors.
07/10/2014
Jersey approves first regulated Bitcoin fund
A regulated Bitcoin investment fund overcomes anonymity concerns about the virtual currency, says its director.
07/09/2014
Black money trail: No list of Indians holding money in Swiss banks, says Arun Jaitley
India has been told four days ago that there is no list of Indian tax residents holding assets in Swiss Banks in their own name or through structures
07/09/2014
Seneca Partners launches IHT scheme
Seneca has advanced £10m to businesses already and expects to have a loan book of £20m by the year’s end
07/09/2014
Offshore Deferred Compensation Update by Withers
In light of this ruling, managers of offshore funds should now be able to defer certain forms of performance-based compensation without the fear of draconian US income tax consequences.