02/07/2013
ABN AMRO and Arjav Diamonds reach agreement
The parties have agreed to abandon all proceedings and discontinue all measures
Legal,Regulation,Tax & Compliance
02/07/2013
K1 Hedge Fund Founder Indicted in $311 Million Fraud
The information filed against Tausche alleges a similar scheme against Barclays Bank
02/07/2013
Tax on SA's rich coming soon?
There is widespread agreement among experts that the wealthy will face heavier taxes
02/06/2013
UBS owes Brazil $1.2 bln taxes for 2006-09
UBS sold the unit to Brazilian financier André Esteves and his partners for $2.5 billion in 2009 - the transaction led to the formation of BTG Pactual.
02/06/2013
HSBC's global spread left it open to crime: CEO
The probe made scathing criticism of HSBC's anti-money-laundering systems and found its lax controls allowed two drug cartels to move $881 million through the bank.
02/06/2013
$4.3 Million Arbitration Award Against GenSpring Family Offices
The team of Dovin Malkin & Ficken and Vernon Healy recently won a $4.3 million arbitration award against GenSpring Family Offices, a money management firm owned by SunTrust Bank, which offers investment advice and money management services to high and
02/05/2013
IBAN: Is the SEPA End Date an Obstacle or an Opportunity?
The SEPA end date is fast approaching. Set for February, 2014, the date is the deadline by which domestic payment instruments within the SEPA area must be migrated to SEPA-compliant standards.
02/05/2013
Italy Joins Global Tax Evasion Crackdown
The Italian government has announced a major drive to clampdown on taxpayers who hide their assets offshore
02/05/2013
CFTC Orders The Royal Bank of Scotland plc and RBS Securities Japan Limited to Pay $325 Million Penalty
With this Order, the CFTC has now imposed penalties of more than $1.2 billion on banks for manipulative conduct with respect to LIBOR and other benchmark interest rates
02/05/2013
HK regulator bans ex-Merrill Lynch Asia employee
The District Court found that, between September 2007 and February 2008, Hsu dishonestly effected a number of unauthorized transactions, fund transfers and loan draw downs in customer accounts that she handled during her employment with Merrill Lynch.
02/05/2013
Final FATCA Regulations Released - Withers
The US Treasury Department has now released the long-anticipated final FATCA regulations, which build upon the foundation of the proposed regulations but contain some significant additions and modifications.
02/04/2013
Darrois Villey trio joins French boutique trend
Villey said the trio had been considering the move for some time
02/04/2013
Iceland Indicts Ex-Glitnir Bank Boss for Tax Evasion
He failed to declare capital-gains income, interest income and the proceeds of dividends, or 199 million kronur ($1.6 million) for the 2006 to 2008 tax years
02/04/2013
Iceland Indicts Ex-Glitnir Bank Boss Armannsson for Tax Evasion
Armannsson failed to declare capital-gains income
02/04/2013
Financial crisis fallout: Justice Department set to charge S&P
The suit, which could be filed as early as this week, would allege that S&P fraudulently rated mortgage bonds
02/03/2013
Tax Evasion Wiping Out Greek Real Estate Market
The Greek news agency ASNA reported that economic analysts blame the government for letting tax evaders escape
02/03/2013
Swiss tax haven is over
International tax services, apart from the American, will be able to collect data relevant from January 1, 2013.
02/02/2013
HJA expands private client team
He is highly experienced in all areas of private client work – including wills, estate administration, trusts, Court of Protection and tax planning. He is a member of the Society of Trust and Estate Practitioners.
01/31/2013
UANI Calls on London Bullion Market Association and Istanbul Gold Exchange to Take Action to Stop Iran’s Trade for Turkish Gold
The trade of Turkish gold for Iranian crude oil is enabling the Iranian regime to evade sanctions
01/31/2013
IMA: UK is leading the way on Fatca
Looking ahead, tax evasion is likely to be given increased prominence by most governments