08/09/2019
ABN Amro warns of fines over money laundering in Netherlands
Currently, ABN Amro has over 1,000 staff to combat financial crime.
Legal,Regulation,Tax & Compliance
08/08/2019
Conman Mark Acklom pleads guilty to £300,000 fraud
Acklom had been due to stand trial this week for taking more than £750,000 from Ms Woods but changed his plea to guilty at the last minute after admitting to taking a smaller sum.
08/08/2019
Italian tax authorities ask for information on UBS clients
The bank is facing two separate investigations in Italy and a court case in France over allegations it enabled cross-border tax cheats to hide assets in Switzerland.
08/08/2019
ABN Amro flags possible money laundering fines in latest blow to shares
The results are a side issue here”, KBC Securities analyst Jason Kalamboussis said, highlighting potential money laundering fines and further fallout from the investigations.
08/08/2019
Swiss Bank learns the cost of non-compliance
Bank which ignored advice from its compliance officer is slapped with a $10.6 million penalty.
08/08/2019
Do high taxes work? by James Hambro
The effects of such eye-watering levels of tax were devastating.
08/08/2019
Film Tax Credits Soar to $2.3 Billion as U.K. Watches for Abuse
The increase comes as the tax agency continues its crackdown on film production companies that convince high net-worth individuals to partner with them to invest in films.
08/08/2019
Kleinwort appears at Tribunal in unequal gender pay claim
Kleinwort Hambros has appeared at an employment tribunal facing a claim of gender discrimination over an employee's pay.
08/08/2019
Cryptocurrencies and the IRS: What you need to know
Some taxpayers reported their CVC transactions on timely filed income tax returns.
08/07/2019
Wealth manager in administration after FCA intervention
Following solvency advice the directors of SVS decided to place the company into special administration, the FCA said.
08/07/2019
Swiss indict former German soccer officials over World Cup payment
By filing an indictment in the FCC, the OAG can conclude its investigations in a significant case in its football-related proceedings.
08/07/2019
Chinese tycoon Li Jianhua fights daughter over Canada real estate fortune
The former Chinese politician denies ‘each and every allegation’ by daughter Carol Li Xiaoqi in their battle over Vancouver assets worth millions
08/07/2019
UBS Accounts Probed as Italian Agency Extends Tax Crackdown
The agency, which asked Swiss officials for assistance in December, is pressing for information on account holders who failed to provide UBS with sufficient evidence of tax compliance.
08/07/2019
Tax authorities present rich Belgians in Monaco with €100 million bill
The charge is not an easy one to prove
08/07/2019
Ex-HSBC Banker Pleads Guilty in $1.8 Billion French Tax Case
The former HSBC executive also pleaded guilty to illegally approaching French residents to encourage them to shift funds to Switzerland during the period
08/07/2019
Ogier in Cayman's "stellar" private wealth team praised in Citywealth Leaders List
Ogier's Cayman Islands practice partner, James Bergstrom, said: "Our private wealth team continues to go from strength to strength. We highly value such endorsements such as these from private and institutional clients."
08/07/2019
The OECD Forum of Harmful Tax Practices grants 11 offshore jurisdictions ‘not harmful’ status
The overall intent was to create a ‘more even playing field’ between highly-attractive regimes and countries with more modest fiscal advantages.
08/06/2019
HSBC cutting 4,000 jobs as CEO makes shock exit
Global headcount to go down by 2%; bank says it remains committed to Singapore ops
08/06/2019
Another Swiss Bank Settles U.S. Tax
U.S. Tax Dispute: Five to Go
08/06/2019
HSBC agrees to 300 million euro settlement of Belgian tax case - prosecutors
The prosecutors also said that the bank had made and committed to a significant overhaul of its practices to counter financial crime risks following the allegations.