07/21/2017
Madoff Scandal Lost Industry $363 Billion
But financial planners were hurt the least.
Legal,Regulation,Tax & Compliance
07/21/2017
Australia's multibillion-dollar legal tax avoidance loophole
The use of trusts to minimise tax is heavily skewed towards the wealthy.
07/21/2017
JPMorgan whistleblowers reap record $61 million
JPMorgan agreed to pay $307 million, with $267 million going to the SEC and $40 million to the Commodity Futures Trading Commission.
07/20/2017
FINRA Claim Filed Against UBS Financial Services
The suit is being arbitrated through Finra case number 17-01863 and UBS has yet to file a response.
07/20/2017
Ex-Credit Suisse Banker Pleads Guilty in U.S. Offshore Tax Case
Credit Suisse pleaded guilty in May 2014 for conspiring to aid and assist taxpayers in filing false returns, and was sentenced in November 2014 to pay more than $2 billion in fines and restitution.
07/20/2017
Italian tax police ask Switzerland for details on 10,000 banking clients
Credit Suisse considers the investigation by the Italian authorities into Credit Suisse's cross-border business as closed.
07/19/2017
Tax Briefing – Inheritance tax treatment of UK residential property update
The new rules extend the scope of IHT to interests in foreign entities which hold UK residential property, either directly or indirectly.
07/19/2017
Herbert Smith Freehills - Financial regulation update
ESAs consultations on ITS on mapping of ECAIs' credit assessments under CRR and Solvency II
07/19/2017
Tax Briefing – non-dom tax changes update
Those who may be affected by these rules should take advice immediately as their tax position may change significantly and they will not benefit from some of the reliefs available for those becoming deemed domiciled under the long-term non-dom rules.
07/18/2017
Guernsey Offshore Tax Bulletin - Deloitte
As part of its long term Digital Strategy and in line with the UK Government’s obligations under the Fourth Money Laundering Directive (4MLD), HM Revenue and Customs (HMRC) is introducing a new Trust Register
07/18/2017
Boris Becker Loses £100m Fortune Investing in Nigerian Oil Firms
He is not a sophisticated individual when it comes to finances.
07/18/2017
Appleby Lawyer Shortlisted as 'Future Leader'
The winners are announced at an awards evening which takes place on 1 November in London.
07/17/2017
Feds want to seize Nigerian playboy’s yacht, penthouse
But the feds will have to get in line.
07/17/2017
Wealth managers brought into FCA platform market study
To provide investors access to retail investment products and information about these products, platforms interact with other platforms, advisers, asset managers and fund ratings providers.
07/17/2017
Singapore company linked to N. Korea luxury goods trade investigation
NK Pro report links OCN (S) Pte Ltd with secret high-end stores in Pyongyang
07/17/2017
A Primer on International Tax and Estate Planning (Part 1)
Moreover, decades of global mobility have resulted in more and more international relationships, and many younger family members have traveled abroad to pursue educational or business opportunities, and have developed ties and broadened family footprints
07/17/2017
Chinese regulators block banks from lending to billionaire for overseas acquisitions
Appears to shed light on the company’s surprise decision to sell 76 hotels and 91% of 13 tourism projects to developer Sunac China for $9.3 billion, in it what is believed to be the Middle Kingdom’s s
07/17/2017
Barclays criminal trial set for 2019
The men made their first appearance at Southwark Crown Court on Monday following a magistrates court hearing earlier this month.
07/14/2017
Swiss banker bid to keep trip private exposes insider-trading case
In a country where insider trading is typically a civil offence.
07/14/2017
UK to bring in non-dom reforms ‘as soon as possible’
The UK government has announced it will introduce long-anticipated changes to the rules governing non-UK domiciles “as soon as possible”, after they were postponed earlier this year because of the snap election.