Managers of Wealth

FCA cancels permissions of Edinburgh-based adviser

The final notice said: “As Sovereign is failing, and will continue to fail, to satisfy the threshold conditions, the authority hereby cancels its permission.”

Credit Suisse puts UK tax deal hit at $94m

Swiss bank Credit Suisse said on Friday it sees a maximum hit of 90 million Swiss francs ($94.1 million) from a British-Swiss tax deal aimed at sweeping Swiss banks clean of undeclared money held in accounts of UK clients.

Germany strikes pact with U.S. to fight tax evasion

Germany approved new legislation on Friday that will assist the United States in cracking down on tax evasion by its citizens, joining a series of countries to strike such deals with Washington.

Commerzbank Investigated for Possible Swiss Reporting Breach

Commerzbank AG (CBK), Germany’s second-biggest bank, is being investigated by Switzerland’s market regulator over the possible breach of reporting obligations for two structured products.

Rockwell Olivier continues expansion adding private client services in Melbourne

Rockwell Olivier (Melbourne) is expanding its team capabilities at a rapid rate with the introduction of various industry practices

Kerviel appeal thrown out

Kerviel is trying to overturn his conviction and jail sentence

Leading international law firm picks McKinsey accountant as first-ever COO

Accountant Rick Baumgartner will join on 9 September following a string of moves by the City firm

Switzerland to help banks avoid U.S. tax charges

The government will have to be careful about what data it authorizes banks to pass to the U.S. authorities

HSBC wins OK of record $1.92bn money-laundering settlement

A federal judge has approved HSBC Holdings Plc's record USD 1.92 billion settlement with federal and state investigators of charges that it flouted rules designed to stop money laundering and thwart transactions with countries under US sanctions

Barclays CEO: We Aren't at Odds With Regulators

Barclays CEO Antony Jenkins has denied any conflict between his bank and its regulators

Clock is ticking for banks to get to grips with anti-money-laundering rules

One answer might be that the present sanctions have not acted as a sufficient deterrent to bad behaviour.

Withers bolsters partnership with eight promotions

The appointments bring the firm’s total number of partners

Over Nine In 10 (94%) CFOs And COOs In UK Financial Services Industry Find Management Of Regulatory Regime Challenging

It is based on responses from 1,100 CFOs and COOs from the major global financial centres including the United States, Canada, the United Kingdom, France, Germany, Singapore and Hong Kong.

Kuwaiti Sheikh’s Case Against UBS Presents Uncommon Puzzle

The main characters in the story testified at a five-day trial last week

Private Client Practices Can Hedge E-Discovery Work

Armies of Junior Associates for E-discovery may not be a viable law firm practice in the future.

Tax haven Liechtenstein opens consulate in Hong Kong to boost ties

European tax haven wants to boost its presence in Asia as region's economic power grows

London tax lawyer in 71-strong partner round at Global law firm

The Firm also reported that it has added 60 lateral partners in key practice areas and jurisdictions over the past year.

HSBC Whistleblower Hervé Falciani to Advise French Lawmakers on Fighting Tax Evasion

To help the country to draft new laws against tax evasion, despite being hunted down by Swiss authorities for allegedly breaching banking secrecy.

Billionaire Saudi prince grilled in UK court over Gaddafi jet

The prince is being sued by Daad Sharab, a Jordanian businesswoman who says she was not paid a promised $10 million commission

German Bundestag Backs US FATCA IGA

The bill provides the legal basis for transposition of the US Foreign Account Tax Compliance Act provisions into German law.

Legal,Regulation,Tax & Compliance