03/22/2018
Swiss Global looks to set up offices in Middle East and Asia
The announcement will see the group open news offices in Europe, Middle East, and the Far East.
Legal,Regulation,Tax & Compliance
03/22/2018
Authorities seize control of bank at center of Malta corruption scandal
Maltese authorities took control of Pilatus Bank that is at the center of a scandal exposed by the murdered journalist Daphne Caruana Galizia
03/21/2018
Swiss prosecutors charge Germans with industrial espionage - report
The Zurich prosecutor’s office was not immediately available for comment, while a German foreign ministry official said it was familiar with the case but that it does not comment on ongoing judicial processes.
03/21/2018
US tax reforms create opportunities and challenges for wealthy Asians
“Our corporate tax rate was, up until December 22, the highest in the developed world at 35%,” he says, pointing to the ‘why’ companies will look at the US differently now.
03/21/2018
KPMG targets M&A market with Nuix’s powerful data analysis capabilities
KPMG’s deployment of Nuix software will facilitate this process and mitigate potential risks, such as litigation, non-compliance and increased cost and disruption to business as usual.
03/21/2018
UBS ordered to pay $204,000 in Puerto Rican bond claim
Finra panel says firm was liable for breach of contract and unsuitability
03/21/2018
Wells Fargo Denies FBI Reviewed Wealth Unit
Questioning was conducted by company-hired lawyers, not the FBI, an exec says, but nonetheless ‘clients are commenting on this,’ says Danny Sarch.
03/21/2018
SFC reprimands and fines UBS Securities Asia Limited $4.5 million in relation to facilitation trading activities
It is also expected to maintain and keep sufficient records to explain its client facilitation business.
03/21/2018
Expats ‘considering bankruptcy’ in wake of repatriation tax
A US tax aimed at multi-nationals hoarding cash offshore is forcing clients to consider insolvency.
03/20/2018
G20 urged to adopt common regulations for cryptocurrencies
It is understood discussions on cryptocurrencies will take place across both days between finance officials from G20 members.
03/20/2018
Nigeria Corruption Reaches Swiss Banking
The two companies rejected the claims.
03/20/2018
SEC awards Merrill Lynch whistleblowers a record $83 million
$83 Million Awarded to Group That Blew the Whistle on Merrill Lynch
03/20/2018
Swiss seize bank accounts amid probe linked to Rio Tinto Mongolia mine
Corruption probe linked to a former Mongolian finance minister who helped clear the way for a disputed Rio Tinto mining project.
03/20/2018
Legal battle over $250 million yacht seized in U.S. fraud probe
"We are facing some legal issues that have to be resolved first."
03/20/2018
Hargreaves Lansdown wins 'discount tax' HMRC challenge
The tax tribunal has just ruled that loyalty bonuses aren’t taxable.
03/19/2018
UBS: Troubles in Israel
A former UBS official helped the defendants maneuver around the tax authorities, in a series of secret meetings.
03/19/2018
StanChart Fined in Singapore for Money Laundering Breaches
Two units fined a total of $4.9 million by monetary authority
03/19/2018
CSSF Warnings on ICOs, Tokens and Cryptocurrencies
Investors are also encouraged to 'very carefully consider' the white paper that should accompany any ICO.
03/18/2018
Tax Challenges Arising from Digitalisation: More than 110 countries agree to work towards a consensus-based solution
The members of the OECD/G20 Inclusive Framework on BEPS will work towards a consensus-based solution by 2020, as set out in their Interim Report on the Tax Challenges Arising from Digitalisation released today.
03/16/2018
Citigroup boss paid 369 more times than average employee at the bank last year
Corbat’s annual compensation was cut six per cent to $15.5m the previous year after the bank missed financial performance targets and one-third of its voting shareholders voted against his prior pay.