06/19/2013
ABN AMRO clearing unit fined $1M over account breaches
Settling the charges without admitting or denying wrongdoing
Legal,Regulation,Tax & Compliance
06/19/2013
SimCorp Webinar Addresses Challenges with Growth and Regulatory Requirements
Following on the heels of the global financial crisis, progressively more legislative regulation has been initiated to increase control and supervision.
06/19/2013
UK law firm adds three partners to private client group
Plans for further significant growth in private client legal services work with the appointment of three experienced partners and several other fee earners to its national Family law team.
06/18/2013
Former UBS and Citigroup trader charged over Libor-rigging scandal
Hayes has been charged with eight counts of conspiracy to defraud for his alleged role in manipulating the price of benchmark interest rates at the heart of the banking industry.
06/18/2013
FCA asks Hargreaves to reveal details of share class negotiations
A preferentially-priced 'super clean' share class made available to a few distributors, or a clean share class with a rebate - which would be taxable.
06/18/2013
Swiss lower house refuses to vote on US bank deal
Swiss lawmakers refused to bow today to pressure to vote on a deal with the United States exposing US tax dodgers
06/18/2013
Panel backs Commission over tougher standards for bankers
We are delighted that our call for tougher professional standards has been endorsed with the suggestion of a new Senior Person Regime and a new set of Banking Standards Rules.
06/17/2013
UK prepares charges against former UBS Libor trader
He has already been charged in the U.S., which is running a parallel criminal probe.
06/17/2013
OECD reports to G8 on global system of automatic exchange of tax information
The OECD has presented to G8 leaders the steps needed to create a fairer and more transparent global tax system.
06/16/2013
ABN Told by Court to Pay Fired Energy Bankers $1.41 Million
ABN Amro Group NV was told by an Amsterdam court to pay 1.06 million euros ($1.41 million) in compensation to two bankers it fired
06/16/2013
Brit Banks In £1bn-Plus 'Asian Sibor Probe'
Three British banks are told to set aside hundreds of millions each as Singapore investigates its equivalent of the Libor scandal.
06/15/2013
3 Olympus advisers 'told banker to move 2.2Bilion yen'
A Liechtenstein bank official allegedly said three former employees of major securities firms instructed him to transfer 2.2 billion yen from an account of the bank to different accounts,
06/14/2013
The 'unyielding rock' of corporate integrity? - Withers
Welcome clarity from the Supreme Court on financial awards from companies on divorce
06/14/2013
Switzerland Favors Move Toward Sharing Bank-Account Data
Tax compliance for the future coupled with a fair and reasonable settlement for the past and the best possible market access are ways of achieving these two goals.
06/14/2013
RBS dealt fresh blow by Singaporean regulator
The Royal Bank of Scotland has been dealt a fresh blow after Singapore’s financial regulator ruled some of its traders attempted to manipulate inter-bank rates.
06/13/2013
Madoff's UK unit was "warehouse for stolen money"
U.S. fraudster Bernard Madoff used his London-based company to "warehouse" huge amounts of money stolen from the Ponzi scheme
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
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