Managers of Wealth

Remarkable international progress in fight against tax evasion and corporate avoidance

There has been remarkable progress in the fight against tax evasion and corporate avoidance in the past eighteen months.

Barclays overhauls legal team to create global litigation and financial crime group

The bank’s new global financial crime group will now take on all financial crime work, which will be split off from the rest of the litigation function as well as bribery and corruption and money-laundering matters.

Deutsche Bank, Former Executives Sue Each Other Over Move

The hirings violated a non-solicitation agreement and previous settlement over HPM’s recruitment

Deutsche Bank, Former Executives Sue Each Other Over Move

The unlawful actions by HPM and the employee defendants could best be described as an economic coup d’etat, which seeks to obtain DB’s critical client base as its spoils.

WMA advises EU against 'blunderbuss' regulation

Retail and wholesale financial markets differ and require a different regulatory approach

Guernsey set to join OECD’s top club in fight against tax evasion

The OECD and the Council of Europe's Multilateral Convention on Mutual Administrative Assistance in Tax Matters will be effective in Guernsey from the start of August.

54% Of Offshore Profits Held In 12 Tax Havens, Study Says

A majority of American corporations’ offshore profits are held in 12 tax havens, according to a study published Tuesday.

Foreign Account Tax Compliance Act (FATCA) Enforcement Delayed

This period is being called a “transition period” as it will ease the anxiety that the law has caused to the foreign institutions and take the pressure off

Ex-UBS banker avoids prison time in U.S. tax fraud case

He also required Lack to pay a fine of $7,500

Bank of New York Mellon to Log $100 Million After-Tax Charge in the Current Quarter

Charge Due to Administrative Errors Regarding Certain Funds the Bank Manages

Acquisition of Property By Foreigners in Brazil

The first step for a foreigner buy property in Brazil is to obtain the social security number on any unit of the IRS

Pressure mounts on Austria to step into line on tax evasion

Parts of the law are at the constitutional level,” meaning a two-thirds majority is needed in parliament to enact changes, he says.

Jailing bankers will not fix bad behaviour, says Mark Carney

Mark Carney, Governor of the Bank of England, says fundamental flaws in the industry can only be resolved by changing how markets operate

Senior executive at Macquarie Group used fake email to get secrets

The email's details show it originated from the computer of a junior marketing employee at Macquarie Funds in London

Hedge Fund Investors Rejecting Firms Over Transparency

An astonishing 89% of investors polled by Intralinks and Opalesque have declined to put money with at least one hedge fund due to transparency concerns.

Swiss to hand HMRC tax ‘hit list’

The Swiss Government is poised to pass HMRC a "hit list" of ten nations where holders of Swiss bank accounts siphon their money to.

FIFA Should Be Included in Swiss Money Laundering Laws

Swiss lawmakers intend to broaden money laundering laws that target political figures to include sports officials from FIFA and the International Olympic Committee.

Poor Tax Systems Keep Developing Countries Out of Exchange Agreements

Pascal Saint-Amans explained that while developing countries are some of the hardest hit by the negative effects of international tax evasion

Strength of Jersey Foundation and Trust structures for philanthropy highlighted to London delegates

The event, entitled 'A World of Opportunity', drew an audience of around 300 private client lawyers, accountants and advisor

Ex-Barclays chiefs face Serious Fraud Office probe over Qatari fundraising

Barclays’ fundraising meant it was able to escape a government bailout during the financial crisis.

Legal,Regulation,Tax & Compliance