04/17/2018
Falcon Private Bank ordered to pay CHF 1.8 million to Finma
While the court acknowledged Falcon’s severe due diligence violations, the ruling can still be appealed at the Federal Court.
Legal,Regulation,Tax & Compliance
04/16/2018
Julius Baer: Russian Millionaire’s Monies Frozen
The Snoras liquidator claims Julius Baer had not done enough to establish the origin of the monies deposited.
04/15/2018
Guggenheim Partners’ Asset-Management Unit Is Under SEC Investigation, Sources Say
The SEC investigation has touched on three California real-estate deals and a loan to fashion company BCBG Max Azria
04/15/2018
The Financial Complexity Index 2018
Meeting the global challenge of local accounting and tax compliance
04/13/2018
Pilatus chairman was granted asylum in United States, green card in 2012
Ali Sadr Hasheminejad, who is accused of bank fraud and skirting Iran sanctions in the United States, is pleading not guilty to the charges
04/13/2018
Wells Fargo faces $1 billion fine to settle loan abuses
Analysts on average were looking for $1.06 per share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the reported figures were comparable.
04/12/2018
David Leyonheljm calls for removal of taxes on imported and luxury cars
“I think our governments are basically addicted to extracting money from us.”
04/11/2018
Pushing the limits of tax law
As lawyers specialising in professional negligence claims, we have been involved in many cases resulting from tax planning gone wrong.
04/11/2018
Serious Fraud Office fights crime with ‘robo-lawyer’
Serious Fraud Office (SFO) cases will benefit from artificial intelligence technology that will allow it to investigate more quickly, reduce costs and achieve a lower error rate, the watchdog said.
04/11/2018
FCA threatened with legal action over fund fees
Judicial review is a type of court proceeding in which a judge reviews the lawfulness of a decision or action made by a public body.
04/10/2018
Libyan sovereign wealth fund files lawsuit against JPMorgan Chase
In 2016 the fund lost its legal battle against Goldman Sachs <GS.N> after a seven-week trial relating to nine equity derivatives trades.
04/10/2018
Macro Selects Maitland To Provide Fund Administration Services
Intellectual property investment fund to leverage Maitland’s automated technology
04/10/2018
Julius Baer Top Banker Tied to Weapons Scandal
Julius Baer's compliance overseer, also unnamed, noted that this type of business carried considerable risk to the bank's reputation, and represented a potential conflict of interest.
04/10/2018
Man Utd and Liverpool stars face £250m film scheme tax bills
A Liverpool player is also believed to have put forward £10.4 million to avoid taxes on his salary.
04/06/2018
ANZ to Pay for Wealth Flaws
As part of the enforceable undertaking, an independent expert will be appointed to provide an assurance ANZ has delivered the documented client reviews since 2014
04/06/2018
Global Forum issues tax transparency compliance ratings for nine jurisdictions
The Global Forum now includes 150 members on an equal footing
04/06/2018
Spain releases HSBC leaker Herve Falciani but he cannot leave Spain
The police must monitor the house that Falciani chooses to live in Spain on a daily basis and any trip or departure from the town where he lives must be allowed by the judicial authority.
04/06/2018
Global network for the automatic exchange of offshore account information continues to grow
Changes reflected in this second edition of the Handbook offer further guidance on the features of the legal framework of the CRS
04/06/2018
Pilatus auditor KPMG says it acted professionally in dealings with private bank
Audit firm whose partner also attended Pilatus chairman’s wedding says it has acted professionally and ethically
04/06/2018
The Dutch government ponders “golden boy liability” clause for finance executives
However, the controversy continues with the ASR insurance company proposing on Tuesday a 35% pay rise for its management.