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
Legal,Regulation,Tax & Compliance
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.
05/01/2017
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.
04/30/2017
Trump cuts spark fears of global tax war
Planned dramatic tax reform could increase competition between countries, pushing economies into the red
04/30/2017
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.
04/30/2017
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.
04/28/2017
French launch investigation into football World Cup bids
Blatter questioned amid doubts over Russia and Qatar tournaments
04/28/2017
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.