Managers of Wealth

The flip side series: Exploring the positive side of risk

Learn how viewing risk through a different lens can help you spot value-creating opportunities where risk powers performance.

New edition of Jersey insolvency and Asset Tracking just published

There are also comprehensive commentaries on guarantees, reciprocal enforcement of judgments, insolvent trusts, foundations and taking security.

EU Commission approves liquidity support for Greece's Attica Bank

The EU Commission said the state guarantee feature of the bonds was in line with EU state aid rules.

Switzerland's Office of the Attorney General - Falcon Private Bank

FINMA ordered Falcon to turn over 2.5 million Swiss francs in what it said were illegal profits after finding breaches in money laundering regulations in connection with Malaysian sovereign fund 1MDB.

Collibra and PwC extend alliance to help financial services companies unleash the power of data

Expanded Alliance Combines PwC’s Expertise in Financial Regulatory Requirements with the Best-of-Breed Collibra Data Governance Solution to Help Companies Thrive

Tax alert

Treasury issues final regulations on research credits for software development

Banks behaving badly in Singapore

The actions on the three banks follow supervisory examinations by MAS into 1MDB-related fund flows that took place through these banks from March 2013 to May 2015.

Mr Bigs forced to explain wealth

Those who fail to provide an adequate explanation of their riches will face civil legal proceedings to recover the cash or criminal charges if they make false or misleading statements.

Former Barclays banker's wife stabbed 124 times after she asked for a divorce

Sanjay Nijhawan cleared of murder because he suffered 'suffered an abnormality of mental function'.

Southgate and Rooney caught up in tax avoidance accusations

A source close to the former England player told AFP he made the investments in 2004 in good faith and would not challenge any tax demand that might arise when the case was resolved.

John Malkovich wins libel suit over ‘Le Monde’ tax story

In a 2015 article, the newspaper included the actor in a list of celebrities it claimed had held secret accounts with HSBC’s Swiss private banking arm

Credit Suisse Just Placed Five Employees On Leave Over a Tax Probe

Credit Suisse did not comment on further details of the investigation.

Singapore charges two former BSI bankers with forgery

Singapore's central bank referred Yak and Seah, among six members of BSI Bank's senior management and staff, to the public prosecutor to evaluate

St James's Place overtakes Sesame in FCA complaints data

The FCA handled 1,092 open complaints against the Bristol-based firm compared with 555 in the last six months of 2015.

Wildenstein Tax Fraud Trial Turns Rowdy in Second Week

Prosecutors say the Wildenstein clan and its advisors used offshore trusts to protect assets worth several billion euro from estate taxes

Credit Suisse admits wrongdoing in asset measure, to pay $90 million

A Credit Suisse spokeswoman said the bank cooperated with the SEC and has since remedied the problems.

Swiss prosecutors probe suspected $800 million misappropriation from Malaysia's 1MDB

Ponzi scheme may have been set up to conceal the alleged fraud

Jersey introduces virtual currency regulation

Reforms leave Jersey well placed as virtual currencies enter the mainstream

Marathon Wins $13 Million Clawback Case Against Co-Founder

Hosking has accepted wrongdoing, apologized and agreed to pay about 1.3 million pounds in damages

Swiss Slap on the Wrist

The bank declined to comment on the case.

Legal,Regulation,Tax & Compliance