05/04/2017
Married banker, 36, ‘pimped out’ to wealthy Arab client in bid to land £25m account
The woman claimed the client bombarded her with love songs and inappropriate text messages
Legal,Regulation,Tax & Compliance
05/04/2017
Credit Suisse says tax probe linked to historical business
Its quarterly financial report released on Thursday, adding it was cooperating with the authorities.
05/04/2017
HSBC finance chief attacks accounting rule changes as bank’s profits leap 12%
This is a good set of results
05/04/2017
Managing regulatory and compliance risk at investment management firms by Doug Dannemiller, Lynette DeWitt, Ankur Gajjaria
Even before 1917, when a case before the Supreme Court referenced speculative securities schemes that had no more value than a patch of blue sky,1 regulatory agencies have attempted to protect investors from fraud, and provided frameworks for fair and ord
05/04/2017
Non-dom art collectors in UK could be hit with new taxes
Even works held and sold abroad could be liable for UK tax
05/04/2017
UK Introduces Criminal Offence For Facilitating Tax Evasion
The legislation will make corporates liable not just for tax evasion facilitated by their employees but also external agents and service providers.
05/04/2017
Basel 3, an international capital-adequacy standard, is unloved but much needed
International bank regulation is grinding towards completion—or possibly to a halt
05/04/2017
Spain names 7 former HSBC bankers as suspects in money laundering case
At the heart of the Spanish case are accusations that HSBC helped Spanish clients to transfer abroad and later repatriate funds “with the intention of hiding them from the public treasury”, the High Court said.
05/03/2017
TISE launches Channel Islands and Isle of Man segments
Companies are eligible for inclusion on the Channel Islands or Isle of Man segments if they are trading companies
05/03/2017
Critical Anti-Tax Evasion Legislation Under Attack
The forum could have been an opportunity to spur reasoned debate to address some of the issues raised by FATCA.
05/03/2017
Spanish court to question Santander, BNP bankers in HSBC tax probe
The euro zone's largest bank by market value, said in a statement it had complied with the law at all time and had actively cooperated with the court by providing all the documentation and information requested.
05/03/2017
Hedge Funds Become Latest Target for Whistleblowers: $40 Million Settlement in Tax Case Demonstrates Broad Reach of New York’s False Claims Act
The basis for the fraud claim, may usher in a whole new wave of potential liability against hedge funds and similar businesses.
05/03/2017
Spain sets sights on Gibraltar model in Brexit talks
Madrid’s stance comes as the EU hardens its position towards the UK government and tensions grow between Brussels and London.
05/02/2017
HK judge sees unbridled greed behind DBS private-wealth dispute
He also sits on the board of ICBC, China's largest bank.
05/02/2017
KPMG sees robots taking over tax compliance
The tax profession is ripe for digital disruption.
05/02/2017
Swiss Spy Agency Defends Practices After German Arrest in Tax Case
The man was detained in Frankfurt, and officers from Germany's federal criminal police carried out searches at several addresses in the region.
05/01/2017
Swiss spy arrested in Germany watched tax investigators
He was active in the German financial and banking sector, according to the report.
05/01/2017
US Expats FACE FATCA Tax Filing Dilemma
The IRS would accept three years of filings and tax payments while writing off previous undeclared years and promising no legal action.
05/01/2017
Firms need to embrace technology to ensure robust anti-money laundering procedures
AIB was reprimanded for and admitted to six breaches of the Criminal Justice (Money Laundering & Terrorist Financing) Act 2010 (CJA 2010).
05/01/2017
Financial firms scramble to meet MiFID II deadlines
The survey says that financial firms spend approximately 4 percent of their budget on compliance as of now, but it could increase to as much as 10 percent by 2022.