Managers of Wealth

The case of Patricia Cornwell’s missing millions

The notoriously private author Patricia Cornwell, a titan of crime fiction, watched in court on Monday as her luxurious lifestyle was laid bare like the resolution to one of her plots.

UK court orders extradition of Credit Suisse exec

Officials at Westminster Magistrates Court said the extradition order was approved Monday, and now goes to Home Secretary Theresa May for final approval.

UK finance job sackings and suspensions at five-year high

The number of financial services staff sacked or suspended in Britain last year

HMRC: taxman increasingly 'snooping' on taxpayers

The taxman is increasingly snooping on the private lives of taxpayers, with officials accessing thousands of pieces of personal information over the past year, it emerged today.

Japan Considers Tax Increases For Wealthy

It is hoped that the spending package will boost Japanese economic growth

Austria To Agree Swiss-Style Tax Deal With Liechtenstein

The bilateral tax accord between Austria and Liechtenstein

Former JP Morgan banker to appeal £450,000 by FSA

Ian Hannam, the former JP Morgan banker, is to appeal his £450,000 fine

Law firm announces investigation of Duff & Phelps

Duff & Phelps shareholders will receive only $15.55 in cash for each Duff & Phelps stock they own

Swiss Banks Welcome Rejection of Germany Tax Accord, Study Shows

Banks will be able “to avoid the costs of implementation and the resulting immediate outflow of client assets.”

Raymond James Wrongful Discharge Case Is A Minefield For Stockbroker

The FINRA Arbitration Panel dismissed Claimant Pavlovich’s claims.

Canadian version of Libor has ‘potential for manipulation’: IIROC

Canada’s investment industry self-regulatory organization has found that the process for setting Cdor, the Canadian version of Libor, is murky, complex and could be manipulated, but stopped short of making concrete recommendations on how to fix it.

Spain to Apply 21% Value-Added Tax on Fund-Management Fees

The resolution by the Direccion General de Tributos, the tax agency under the Budget Ministry, was dated Jan. 2. That will be its effective date, Bravo said.

The FATCA Model 2 Intergovernmental Agreement

The Model 2 IGA calls for direct foreign financial institution (FFI) reporting to the IRS but with aggregate disclosure of "recalcitrant" account holder data, subject to exchange of information requests by the IRS.

Law firm? Accounting firm? Laird Norton is putting ‘wealth management’ in its name

Seattle’s Laird Norton Tyee has a new name and a new logo

Former Hedge-Fund Consultant Avoids Prison Time After Aiding Insider Probe

A former hedge-fund consultant who worked for an SAC Capital Advisors affiliate avoided prison Wednesday, after prosecutors said he cooperated and "contributed substantially" in the U.S. government's crackdown on insider trading.

UBS Client Pleads Guilty in U.S. Tax Case in Florida

She "pleaded guilty and accepted full responsibility for her actions."

Old Mutual to acquire 22seven?

Many South African banks initially blocked the service from gaining access to client accounts due to alleged security risks.

FSA sends letters to 6,000 advisers with incorrect firm details

The regulator says the content of the letter is the same for every firm but conceded many have received letters with incorrect details.

HMRC makes 640 requests from foreign gov’ts for tax info on individuals

“HMRC has begun investigations into thousands of individuals with overseas assets in the last few years, and will probably have picked off most of the low hanging fruit.”

HSBC N.J. Client Admits Conspiracy in Offshore Tax Case

HSBC’s Geneva-based private bank is one of at least 11 Swiss firms under investigation by U.S. prosecutors investigating offshore tax evasion.

Legal,Regulation,Tax & Compliance