08/07/2018
FCA Takes Action in UBS Rape Case
The former UBS employee was sexually molested by her manager
Legal,Regulation,Tax & Compliance
08/07/2018
Cyprus clamps down on shell companies
Tax residence benefits are only for businesses that have real substance, says central bank
08/07/2018
Impact investing – not just a feel-good story by Jacolene Otto
In essence, impact investing is powered by investors wanting to effect positive and sustainable change in developing societies and their environment.
08/06/2018
Indonesia is returning 1MDB-linked luxury yacht to Malaysia
The super yacht is said to be in waters off Batam, near Singapore
08/06/2018
HMRC takes record haul from UK’s most hated tax
Inheritance tax bills rise to £179,000 each
08/06/2018
GAM CEO defends suspended Haywood’s investment strategy
Earlier today, the Zurich-based company’s shares rose as much as 4.1% on the news
08/06/2018
Canaccord clients seek redress over film scheme
The wealth management firm will “vigorously defend itself” if claims are advanced
08/03/2018
Swiss can give bank client data to India in tax dodge case - court
The information sparked investigations in several countries and put Swiss banking secrecy in a harsh spotlight.
08/03/2018
Anaford on Private Client Global Elite List 2018
The Global Elite directory will be launched by Legal Week at a gala dinner to be held in London in October.
08/03/2018
French request for UBS banking data stopped by Swiss court
"The judgment is a big success for UBS, and it took a lot of effort. In a first hearing, UBS struggled to be named a party in the case and to access the French files," Jacquemart said.
08/03/2018
Trustee Survival Guide: Beneficiary Rights to Information - Navigating the Evolving Landscape
Personal data"’ means any data that relates to an individual who can be identified from that data
08/03/2018
Common Reporting Standard: anti-avoidance measures
Compliance with the CRS is not a choice; it’s an obligation. And the penalties for non-compliance are severe.
08/02/2018
Carey Olsen and Russell Clark on shortlists for IFC Awards 2019
Judged by an international panel of highly respected practitioners from all private wealth sectors covering all the jurisdictions, winners are those judged to have excelled in achievement, innovation, expertise and service.
08/02/2018
Carey Olsen lawyers named as Private Client 'Ones to Watch'
Those selected to the 'Ones to Watch' list will be celebrated at a gala dinner in London on 4 October 2018.
08/02/2018
PrivatBank’s court case ends in London, judge to deliver decision in October
The December ruling froze about $1.9 billion of the two men’s assets worldwide, plus interest that runs to $500,000 a day, according to PrivatBank’s lawyers.
08/01/2018
How a small change in tax policy could mean a big tax cut for the rich
By adjusting capital gains to adjust for inflation, the White House could cut the tax bills for the nation's wealthiest investors by billions of dollars a year.
08/01/2018
OCBC to equip 330 retail wealth advisers with private banking skills
"Such competencies are a dimension beyond the more product-centric approach towards financial planning that is adopted by many retail banking wealth advisers," the bank said in a media statement.
08/01/2018
Justice Department Announces Addendum To Swiss Bank Program Category 2 Non-Prosecution Agreement With Bank Lombard Odier
Swiss banks eligible to enter the program were required to advise the Department by December 31, 2013, that they had reason to believe that they had committed tax-related criminal offenses in connection with undeclared U.S.-related accounts.
08/01/2018
Former State Street executive avoids prison in U.S. fraud case
He was instead sentenced to one year of probation by U.S. District Judge Denise Casper in Boston
08/01/2018
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.