06/12/2013
Hopes of G8 tax avoidance breakthrough fading fast
An international deal to crack down on secretive tax havens is in jeopardy
Legal,Regulation,Tax & Compliance
06/12/2013
UK's FCA Gathering Information on Alleged FX Rate-Rigging
The FCA is aware of these allegations and has been speaking to the relevant parties,
06/12/2013
An oil tycoon’s ex-wife won a Supreme Court battle for her £17.5million share of his fortune
The decision is a blow against cheating spouses who seek to evade their responsibilities using company structures.
06/12/2013
Hopes of G8 tax avoidance breakthrough fading fast
An international deal to crack down on secretive tax havens is in jeopardy
06/12/2013
HMRC closes adviser’s £2.4m tax avoidance scheme
HM Revenue & Customs has won a Tribunal to close down a tax avoidance scheme which had sought to cheat the public purse of £2.4m through the use of Employee Benefit Trusts.
06/11/2013
Credit Suisse fined HK$1.6m by SFC
Credit Suisse Securities has been fined more than HK$1.6m by the Securities and Futures Commission in Hong Kong.
06/11/2013
SEC fines CBOE $6 million for regulatory and compliance failings
The financial penalty is the first assessed against an exchange for violations related to its regulatory oversight. Previous financial penalties against exchanges involved misconduct on the business side of their operations.
06/11/2013
Bernard Madoff recovery trail leads to London
The High Court battle over the assets of fraudster Bernard Madoff is moving into the end game as the liquidators of Madoff's UK company open their fight to recover at least $80m they allege was unlawfully paid to his family and company directors.
06/11/2013
Switzerland seeks US answers on whistleblower spy claims
"In line with the Vienna Convention on diplomatic relations, Switzerland expects members of diplomatic missions in Berne and permanent missions in Geneva to respect the laws and rules of the country," it added.
06/11/2013
Switzerland allows banks to settle US tax evasion cases
ZURICH The Swiss government agreed on Wednesday to create a legal basis that will allow its banks to settle investigations by US authorities into their role in helping wealthy Americans evade billions of dollars in tax.
06/11/2013
European Commission launches tax evasion plan
The Commission plan, which will cover all income including dividends and capital gains, will build on the existing exchange of non-residents' saving details, which is due to be strengthened by the end of the year.
06/10/2013
Glencore confirms Italian police probing 'tax evasion'
"All transactions were conducted in accordance with applicable Italian tax laws and on an arm's length basis between Portovesme and the Glencore Group,"
06/10/2013
AIFMD – Guidelines on AIFMD Reporting Obligations - Withers
The European Securities and Markets Authority has published a consultation paper on guidelines relating to reporting obligations under the Alternative Investment Fund Managers Directive.
06/10/2013
Former A&O associate rejoins as banking partner after stint at Goldman Sachs
Denise Gibson is to rejoin the firm as a banking partner following a stint at Goldman Sachs.
06/10/2013
FCA fines investment firm £121k over client money failures
The firm received a 20% discount on its fine for agreeing to settle at Stage 2 of the FCA’s executive settlement procedure; otherwise Xcap would have been fined £151,136.
06/10/2013
US and Japan agree Facta co-operation
Intergovernmental Cooperation to Facilitate the Implementation of FATCA and Improve International Tax Compliance"
06/10/2013
Bitcoin among virtual currencies targeted in US crackdown on tax evasion
US authorities are examining the use of virtual currencies such as Bitcoin amid fears that Americans are using them to evade taxes.
06/09/2013
Former England cricketer sues Sigma Wealth adviser
He said he had instructed the firm to invest his money for retirement, not gamble it on racy unregulated ventures.
06/09/2013
SEC Charges California Wealth Manager With Insider Trading
The SEC alleges that Dosti used inside information from Kuo to trade into and out of Dell and NVIDIA stock ahead of quarterly earnings announcements
06/09/2013
Swiss Banks May Leave Others Holding the Bag in Tax-Evasion Case
Swiss financial managers and lawyers are girding for a legal battle with the United States if their names are released as part of a deal with U.S. tax evasion investigators