Managers of Wealth

IMF: Working Together to Fight Money Laundering & Terrorist Financing

We both know that these global challenges cannot be resolved by countries working alone.

EU’s new tax avoidance law to target Channel Island schemes

Schemes involving transactions to low tax jurisdictions such as Jersey and Guernsey will need to be reported to the European Union, under new legislation aimed at tackling tax avoidance.

Accountants face fines for aggressive corporate tax planning under draft EU law

The proposal will need the approval of the European Parliament and all EU states to become law

US intensifies fight against tax evasion via data mining

Agents pursue ‘leavers’ who moved Swiss bank accounts to other offshore centres

EU pushes for reporting of offshore set-ups

Draft proposal to clamp down on aggressive tax planning schemes

The 'diva of divorce' for the world's super rich

Attracting wealthy clients from around the globe there is often a mad dash between an estranged husband and wife to get to her first.

U.S. Hunts Swiss Bank "Leavers"

The Internal Revenue Service was swamped with more than 45,000 Americans who have come clean on their offshore money when the tax office offered them an amnesty.

Asset manager lobby groups call for regulator to go easy

The Investment Association has been particularly vocal in its criticism of the FCA’s proposal to introduce a single all-in fee that would include trading costs.

$8B breakaway UBS team hit with lawsuit

The restraining order was brought two weeks after the team left UBS, according to a statement from Dynasty.

U.S. Hunts Swiss Bank «Leavers»

The Internal Revenue Service was swamped with more than 45,000 Americans who have come clean on their offshore money when the tax office offered them an amnesty.

Six tax havens that draw Canada’s wealthy

“There’s a difference between evasion and legitimate tax planning,” he cautions.

Cristiano Ronaldo seeks Real Madrid exit after tax accusations: report

Spanish prosecutors have filed a lawsuit against the player accusing him of defrauding tax authorities

Guernsey regulator fines and bans directors for incompetence

Capital Solutions Limited failed to organise and control its internal affairs in a reasonable manner

UBS, Credit Suisse Need to Draft Credible Insolvency Plans-SNB

The Swiss National Bank, which helps oversee the stability of Switzerland's financial system, said the two big banks are on track to meet the new capital requirements but more work was needed in planning for a potential bankruptcy.

Uncertainty of Mifid II looms large over wealth managers

Firms wait for regulator to clarify how complex rules will work

UBS Securities pays $280,000 in infringement notice penalties

UBS operates a crossing system known as UBS PIN.

Byrne is currently under investigation by the Jersey Financial Services Commission.

Swiss banks lobby for get-out clause as end of bank secrecy nears

Wealthy clients have pulled tens of billions of dollars out of Swiss bank accounts because of a worldwide crackdown on tax evasion

US Seeks Record Recovery of $540M in Case of Looted Sovereign Wealth Fund

The inner circle of Malaysian Prime Minister Najib Razak was involved in the conspiracy, which began in 2009 and continued through 2015, the complaint alleged.

Former Julius Baer banker pleads guilty in U.S. FIFA corruption probe

Arzuaga did not name him, but the president of the Argentine Football Association at the time was Julio Grondona, who died in 2014.

Legal,Regulation,Tax & Compliance