Managers of Wealth

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.

Swiss spy arrested in Germany watched tax investigators

He was active in the German financial and banking sector, according to the report.

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.

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).

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.

UBS pays $445 million over toxic mortgages, failed U.S. credit unions

It has recovered nearly $4.8 billion from banks over mortgage securities it said led to the 2009 and 2010 failures of five credit unions.

Trump cuts spark fears of global tax war

Planned dramatic tax reform could increase competition between countries, pushing economies into the red

Mauritius next in line in DOJ 1MDB probe?

The money trail, said a source, may lead to an incognito banking institution in the most unsuspecting offshore financial services centre in Africa.

Accidental Americans Caught In FATCA Net

The Canadian Revenue Agency has passed on reports about 469,827 accounts, but knows nothing of the other disclosures.

French launch investigation into football World Cup bids

Blatter questioned amid doubts over Russia and Qatar tournaments

Nine-Figure Verdict For Hedge Fund Manager Who Sued Hotel

David Moradi, who had bee a hedge fund manager in NY, sued the Cosmopolitan Hotel and Marquee nightclub after he said he was beaten there.

Hedge fund boss 'broke glass over wife's head'

‘This trial is about a man systematically bullying his wife in order to control her.'

British hacker stole $700,000 from Australian business, spent it on luxury lifestyle

Investigators discovered that Molloy was spending the money on expensive cars and jewellery in Surrey and west London, with the account emptied of all its funds.

Offshore wealth: Tax amnesty to lure back money opposed

Mainstream political parties that have a presence in parliament on Wednesday opposed the government’s move to offer a tax amnesty scheme in order to lure Pakistanis who have stashed money abroad to bring their wealth back. The government put to tes

UBS Ordered to Face Whistleblower Lawsuit

He was first dismissed in 2009 because of cost-cutting prompted by the global financial crisis and was nine months into his second contract at UBS when he was fired again.

MiFID II: from challenge to opportunity by James Corcoran, Kx Systems

Perhaps the biggest challenge that firms will face is that of data capture.

Canadian businesses pull money out of tax havens

Increased scrutiny of tax havens brought about by the Panama Papers may have played a role in reducing investment in tax havens.

Guernsey Offshore Tax Bulletin: April 2017

Revised 2017 UK Finance Bill – deferral of the non-domicile and IHT on UK residential property legislation

Inaugural Guernsey Private Investment Funds launched

The PIF recognises that certain investment funds are characterised by a relationship between management and investors that is closer than that of a typical agent.

Millionaire questioned by police after fire ruins his stately home

A milkman raised the alarm and the fire brigade was called just after 4am on April 15, with work to extinguish the flames continuing until Wednesday.

Legal,Regulation,Tax & Compliance