Managers of Wealth

Law Commission Report on Pre-nups – What does it all mean? by Withers

The Law Commission for England and Wales today published its report on Matrimonial Property, Needs and Agreements.

Banking giant discovers fraud in Mexico unit, cuts 2013 earnings

As a result of the incident, the bank will take an estimated $235 million after-tax, or $360 million pre-tax, charge against last year's earnings.

Leading offshore law firm advises largest ever real estate fund to list in London

The firm has advised on the Jersey legal and regulatory aspects of the establishment of the new fund

Credit Suisse CEO Fights Back on Tax Evasion Claims

Credit Suisse's chief executive will hit back at allegations the Swiss bank was a willing accomplice in U.S. tax evasion on Wednesday, blaming instead a small group of its private bankers for helping Americans conceal their wealth.

Would you prefer to do time in the US or Switzerland?' US senator asks Credit Suisse banker

Credit Suisse faces the wrath of a Senate hearing over alleged attempts to conceal up to $10bn from the taxman

Frequently asked questions on Basel III monitoring

This document provides answers to technical and interpretive questions raised by supervisors and banks during the Committee’s Basel III monitoring. The document intends to facilitate the completion of the monitoring questionnaire and is not to be co

Bank of England approach to supervising international banks

The Bank of England has published a Consultation Paper on its approach to supervising international banks.

Expats With Property in UK to Face Capital Gains Tax

Expats non-resident in the UK who own British property will become liable for capital gains tax from next year.

U.S. scrutinizing Swiss insurers in offshore probe

U.S. prosecutors are widening their probe of how Swiss banks helped wealthy Americans avoid taxes to look at insurers as well

Fact Sheet: FATCA Amendments and Coordination Regulations

The U.S. Department of the Treasury and Internal Revenue Service today issued the last substantial package of regulations necessary to implement the Foreign Account Tax Compliance Act

Wealth tax will drive rich out of SA

With Finance Minister Pravin Gordhan’s upcoming National Budget address around the corner, one has to wonder whether he will consider instituting a wealth tax in an attempt to increase revenue collection.

Deferred Prosecution Agreements - Withers

Essentially, although the organisation will not be pleading guilty to an offence, it will be admitting its wrongdoing and will receive a fine from the judge but will avoid criminal prosecution.

Deferred Prosecution Agreements in the UK and their application to Jersey businesses - Ogier

What are Deferred Prosecution Agreements?

The Offshore Top 30, 2014: The byteback begins

After the activity lull last year, offshore firms have regrouped and come out fighting with state-of-the-art technology that takes client service to a new level

Former Lombard Odier &Cie exec pleads not guilty

The allegation is that over a ten year period he abused his position at Lombard Odier &Cie by stealing 488,921 euros and £170,150 from clients’ accounts

Credit Suisse Private Banking fined $196 million for US regulatory transgressions

The Securities and Exchange Commission today announced charges against Zurich-based Credit Suisse Group AG for violating the federal securities laws by providing cross-border brokerage and investment advisory services to U.S. clients without first registe

UBS seeks immunity as US and EU probe currency market rigging

UBS is seeking immunity in the US and European Union as part of the global investigation of currency markets

Deutsche Bank Settles Dispute for $1.06 Billion

Deutsche Bank said on Thursday that it would pay more than 775 million euros, or about $1.06 billion, to the heirs of the late media mogul Leo Kirch to settle a long-running dispute over the collapse of his empire.

French Bank Account Regularization Requests Top 15,000

French Budget Minister Bernard Cazeneuve has told the National Assembly Finance Committee that almost 16,000 residents with undeclared foreign bank accounts have elected to regularize their tax situation in the last eight months, through a voluntary decla

BBC star aInvolved In 'Second-Hand Car' Tax Scheme

The tribunal, under Judge Colin Bishopp, described that evidence as "very brief and rather uninformative".

Legal,Regulation,Tax & Compliance