Managers of Wealth

US expats hand back passports to avoid tough tax rules

American expats must also file an FBAR form to let the IRS know about any foreign bank accounts they have with a balance of more than $10,000.

At Wells Fargo Wealth, Goals Triggered Trouble

The Journal also reports that investigations by the Justice Department and SEC were triggered by a letter sent last September from four Wells Fargo financial advisors in Arizona

GAM suspends absolute return head over risk management

We are fully committed to remaining so. We have a strong and broad team in place, with real depth of talent and a long and successful track record.

OECD stretches the truth to give the US a better transparency rating than Ghana

These Global Forum peer review reports are an amazing source of detailed information that we use for Tax Justice Network’s Financial Secrecy Index.

Blacklist, whitewashed: How the OECD bent its rules to help tax haven USA

Things have got a little more complicated though.

John Caudwell told to pay Nathalie Dauriac

A judge said that Nathalie Dauriac, 40, who met the tycoon when she worked at the private bank Coutts, had “clearly won” the dispute.

International law firm recognized as "Complete Powerhouse"

The guide goes on to note that McDermott's Private Client lawyers "have depth and quality which sets them apart.

What Is The Common Reporting Standard For Expats?

The information is passed to the customer’s home tax authority to check against filings to make sure the right of tax.

Swiss Financial Firm to Pay $10.25 Million to Avoid US Prosecution

In addition to providing services to individuals and entities based in Switzerland, at all relevant times, Mirelis provided custodial and independent portfolio and asset management services to U.S. taxpayer-clients.

Move afoot in UK to force offshore firms to reveal owners of properties

The owners’ names will appear on a corporate registry, making it easier for law enforcement to seize assets linked to criminals or bought through “dirty money”.

Finma investigates Zug-based crypto startup

Investigations carried out by FINMA to date indicate that, in the context of its ICO, envion AG accepted funds amounting to approximately one hundred million francs from more than 30,000 investors

Wall Street Fears New International Tax That Was Aimed at Tech

Bank lobbyists are now urging the Treasury Department to come up with a fix for last year’s tax overhaul that would lessen the pain from Gilti

Citi Indian wealth unit winding up nears end

The licence has since been surrendered to the regulator as part of the winding-up

Ex-Julius Baer Banker in U.S. Arrest

Besides Krull, a Colombian citizen was also arrested, and seven more are being sought.

BEPS Project Has Triggered Near-Global Tax Reform: OECD

The work follows the announcement that the EU was seeking to pursue new digital permanent establishment rules, potentially unilaterally if there wasn't an international consensus on such by 2020.

Sexual Harassment, Embezzlement Claims Settled by New York Hedge Fund

Snow Park Capital Partners has reached an agreement with the ex-CFO who accused her boss of sexual assault.

Nxivm sex cult case: Seagram heiress among four women arrested

She was formally charged on Tuesday before being released on a $100m (£75m) bail bond.

New rape allegation suggests banks have a big cultural issue

UBS had not started a formal review into the senior banker's behaviour at the time he resigned, although it was reportedly seeking private mobile-phone messages between the alleged victim and her colleagues.

Mystery banker's wife challenges UK unexplained wealth order

The NCA believed that two luxury homes worth £22m were purchased with money stolen by the woman’s husband

GP cleared of mob plot to kill Brown Shipley adviser

Crichton told the court that he had sought to order a contract killing online in order to ‘clear his head’ after being diagnosed with ‘treatment resistant depression’ which led to suicidal thoughts.

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