08/25/2013
UBS Financial Services Agrees To Pay $4.58 Million To Settle A Multi-State Investigation
UBS Financial Services, Inc. has agreed to pay $98,184.84 in civil penalties to the New Jersey Bureau of Securities
Legal,Regulation,Tax & Compliance
08/25/2013
Gun-Toting Woman Leads Philippines Tax Evasion Battle
Kim Henares began carrying a gun eight months after becoming the Philippines’ chief tax collector
08/24/2013
France cannot take any more taxes, government admits
The French are about to discover stinging rises in tax bills in their letter boxes
08/24/2013
DFSA signs 26 agreements with EU regulators
The DFSA negotiated the agreements with the European Securities and Markets Authority
08/22/2013
UK trio lead as Baker Tilly acquires accountancy rival in pre-pack deal
Baker Tilly turned to Stephenson Harwood for advice on the deal
08/22/2013
FATCA - Registration Portal Opened
Broadly speaking, FATCA imposes a 30% withholding on payments of US source investment income to non-US entity payees absent a certification from such payees as to the identity of their US owners or accountholders, if any.
08/22/2013
UBS gives German tax cheats until end-2014 to own up
In April it would terminate business relations with German clients by the end of this year
08/22/2013
Christie's sued for failure to protect art collection
Legendary British auction house Christie's will have to clear its name in a New York court after a lawsuit accused
08/21/2013
New private client partner joins law firm Macfarlanes
He joins from Russell-Cooke where he has been a partner since 2009, having previously trained at Macfarlanes, qualifying in 2002.
08/21/2013
Investigation shows Bloomberg used private client data
We did not fully appreciate how expectations of us have evolved
08/21/2013
U.S. looks to turn the screw in Swiss banks talks
The United States is pushing Switzerland for a deal to settle a long-running dispute over banks that shelter tax evaders,
08/21/2013
Julius Baer Client Data Thief Sentenced
A former contract worker at Julius Baer Group AG received a partially suspended three-year prison sentence on Thursday after being found guilty of stealing and selling information about the Swiss bank's clients
08/21/2013
Rich hedge fund manager to pay wealth 'tax' on basement extension
Hedge fund manager Reade Griffith has been ordered to pay out more than £800,000 to Kensington council
08/20/2013
JPMorgan hires New York law firm to help in hiring probe
The SEC is questioning JPMorgan, the largest US bank, over its relationships with at least two families in China that may have legitimate explanations, sources told Reuters.
08/20/2013
Top private client lawyers set for first Hong Kong Private Client Forum
Asia's leading private client lawyers are set to gather at The Mira Hong Kong Hotel next month to debate the challenges facing Greater China's high net worth community at Legal Week's inaugural Hong Kong Private Client Forum.
08/20/2013
China to Join Global Fight Against Tax Evasion: OECD
hina is set to join a group of 50 developed and developing countries in the fight against tax evasion
08/19/2013
Italy deploys computer robot against tax cheats
Italy has one of Europe’s biggest grey economies and highest levels of cash transactions, making tax evasion a constant problem despite repeated crackdowns.
08/19/2013
SEC charges ex-Oppenheimer fund manager with misleading investors
The company earlier this year agreed to settle related charges with the SEC and pay $2.8 million.
08/18/2013
More investment in data governance needed in asset and wealth management - Study
More investment in data governance is needed in companies specialising in asset and wealth management
08/18/2013
DFMs criticised for not submitting performance data
Aj Somal, certified financial planner at Aurora Financial Planning, said some discretionary managers were shown “in a bad light” by not submitting comparative performance data.