08/29/2017
CS' Mozambique Loan: Violation of Regulation?
The money was approved for a development project involving the purchase of a tuna-fishing fleet and the protection of the coastline of the African nation
Legal,Regulation,Tax & Compliance
08/29/2017
Serious Fraud Office investigating Formula One
The allegations surround the Concorde Implementation Agreement, the contract which underpins F1, and shares sold to the FIA which later netted them £62m profit
08/29/2017
Isle of Man strengthens Commonwealth connection
The Commonwealth Enterprise and Investment Council brings government heads and business leaders together to promote trade and investment across the Commonwealth
08/24/2017
Swiss fund giant latest to absorb research costs
This decision will not result in any change in management fees and Unigestion remains fully committed to continue delivering value for money to all of its clients.
08/24/2017
Wealth managers risk fines over offshore asset warning letters
If you have money or other assets abroad, you could owe tax in the UK
08/24/2017
Sibling rivalry eclipses Asian family businesses
While more than half of the leading 200 companies in Southeast Asia are controlled by a single family, few have succession plans in place as a pioneering generation fades away
08/24/2017
IRS Hunts Bitcoin User Identities With Software In Tax Enforcement Push
It takes time for people to adapt, and that is one reason compliance may be poor so far.
08/23/2017
Millions of taxpayers sent warning about secret offshore accounts
Financial advisers rush to get across HMRC ‘come to us before we come to you’ message
08/23/2017
Pay MiFID Research Costs Yourselves, Wealth Managers Tell Funds
It will become a cost of doing business rather than charging it on to us or to clients in any way.
08/23/2017
Crocodile Dundee fraudster’s Italian trial collapses
An international warrant was first issued for Egglishaw’s arrest in 2008 followed by a second in 2013.
08/23/2017
'Life-changing consequences:' HMRC warns on risks of hiding wealth offshore in new crackdown
Holding assets offshore is not illegal, as long as all taxable income and gains are declared on a UK tax return.
08/21/2017
Ex-Summit Wealth Management CEO sentenced to federal prison on $24 million fraud scheme
Between 2007 and 2012, Morrow and Alleca marketed promissory notes in Detroit Memorial Partners to Summit Wealth clients in Atlanta and throughout the country.
08/18/2017
Herbert Smith Freehills - Financial regulation update
FCA consultation on 2017/18 fee rates for market infrastructure providers
08/18/2017
Justice Department’s Latest Offshore Bank Resolution Confirms Value Of Self-Disclosure And Voluntary Remediation By At-Risk Foreign Institutions
The Justice Department appears to have taken great care to describe publically the extent of Prime Partners’ extensive cooperation
08/17/2017
Love Notes Were Insider Tips, U.S. Says, Charging 7 in Plot
The arrests are part of the largest insider-trading case in recent years
08/17/2017
Fired UBS Adviser Reignites Palm Beach Scandal Over Rich Widow
The trust paid the bill.
08/17/2017
Black banker sues Goldman Sachs for racial discrimination
Goldman Sachs does virtually nothing to hire.
08/17/2017
Platforms under FCA scrutiny defend fund picks
Affiliated funds were also less likely to be removed from buy lists.
08/17/2017
RegTech Spending Lags
Financial institutions basically have reverted to manual processes for a lot of the regulatory compliance issues.
08/17/2017
Investor Citizenship Stays Off The Table
The bankers and high net worth people with second homes, we want to ensure that those are dealt with on an expedited basis while still trying to get the backlog through.