Managers of Wealth

Former UBS banker to plead guilty in U.S. tax case, filing says

A former senior UBS private banker has agreed to plead guilty in connection with a criminal indictment for selling offshore tax-evasion services to wealthy Americans

EU to force Britons to publish details of wills and property

A bill being debated in Brussels would force UK citizens to disclose 'reams' of private, financial information on a public register

More spouses are financially cheating

The number of people keeping money secrets from their partner is on the rise.

Bedell makes 'Most Admired' list for fourth consecutive time

Bedell Trust has been included in the coveted list of ‘Most Admired UK Companies’ for the fourth consecutive year.

Ex-Hedge Fund Manager Sues E&Y Over Charity Tax Relief Failure

Her Majesty’s Revenue & Customs investigated De Camaret and intends to “impose penalties,” according to the suit filed Dec. 6 in London and released last week.

Will new tax rules spark trend for wealth LLPs to incorporate?

Changes to the way partnerships are taxed could spark a trend of wealth and fund management limited liability partnerships moving to incorporate.

The 2014 French Finance Act and the 2013 Amended Finance Act: Final version of the new measures

The main tax measures of these two laws are summarised below. However, these are subject to any comments the tax administration may have on the different regimes concerned.

FCA finalised guidance on AIFMD remuneration

These provisions can be particularly important for bigger groups with multiple business lines and for non-EU managers who market only a few AIFs in the EU

Ex-UBS Executive Weil Faces Eight-Month Wait as U.S. Trial Delayed

The highly-anticipated U.S. trial of former UBS AG executive Raoul Weil has been pushed back to October, leaving the former Swiss banker to languish in overseas legal limbo for the better part of this year.

Exclusive: UBS seeks first-mover immunity in U.S. currency probe - sources

Swiss bank UBS AG approached U.S. authorities in September with information relating to an industry-wide probe into alleged rigging of currency markets, in the hope of gaining antitrust immunity if charged with wrongdoing

Germany's rich and famous in taxman's crosshairs

Amid the spate of cases, the public perception of tax-dodging is shifting from that of a naughty but common misdemeanour to a crime and a moral assault on fair burden sharing in society.

'Hippocratic oath for bankers’ rejected by ethics chief

New rules will say that banks have to improve their behaviour across the industry through a series of ethical guidelines and a new committee to oversee improvements

Regulatory Burden, Swiss Tax Evasion, CFTC: Compliance

Financial industry executives are almost as concerned about the growing demands of regulatory compliance as they are with market volatility

Hedge funds suing Porsche suffer setback at German court

The regional court in Stuttgart, where sports-car maker Porsche is based, expressed strong doubts about the case brought by hedge funds including Viking Global Investors, Glenhill Capital and Greenlight Capital.

NPRF fires State Street after UK overcharging scandal

The National Pension Reserve Fund has terminated the mandate held by State Street Global Advisors to manage €650 million worth of equities for it

Bankers face 4 year minimum jail time in EU crackdown

Financial market abusers could face a minimum of four years in jail under new plans voted through the European Parliament on Tuesday amid a string of financial scandals.

Channel Islands Securities Exchange Authority: Continuing Obligations - chapter 8 debt securities

all affected securities are no longer listed on the Official List of the CISX but instead listed on the CISE. Issuers will be subject to the Listing Rules and other mandatory requirements of the CISE;

BBH slapped with record $8 million AML-fail fine by Finra

BBH executed these transactions despite the fact that it was unable to obtain information essential to verify that the stocks were free trading.

FCA guidance on inducements for product providers and advisory firms - FCA

The guidance is relevant to all providers of retail investment products to be sold by advisers, as well as advisory firms providing personal recommendations for such products and payments made by providers to unregulated third party firms that are for the

Norton Rose Fulbright launches global regulation and investigations practice

We identified global regulation and investigations as an area that is one of the greatest for clients in terms of concern, focus and spend

Legal,Regulation,Tax & Compliance