Managers of Wealth

Three banks settle Canadian foreign exchange class-action suit for almost $16M

UBS, BNP-Paribas and Bank of America will pay $16 million and provide info to Canadian investors who lost money on benchmark rigging scandal

Further charges levied against Lumiere Wealth’s Chris Byrne

Jersey’s Magistrate’s Court heard the charges relate to a multi-million pound investment scheme with links to Jersey, Guernsey, Brazil, and the US.

Movie Producer Charged With Defrauding Hedge Fund Investors

Wellner previously settled SEC charges filed in federal district court in Florida and has been barred from working in the securities industry.

Panama Papers' taskforce launches tax evasion investigations

The taskforce has established a Joint Financial Analysis Centre to develop software tools and techniques to analyse the data and intelligence gathered

Tax unit targeting Britain’s wealthy raises an extra half-billion dollars

The amount comes in addition to any voluntary declarations of taxes made by these taxpayers.

Encouraging offshore tax compliance – put things right with HMRC or suffer the consequences

HMRC’s latest efforts to clampdown on offshore tax irregularities should be applauded, but will the proposed “Requirement To Correct” treat those at the innocent end of the scale too severely?

Swiss tax body won’t appeal UBS ruling amid French probe

The court said at least 10,000 accounts were involved.

Investigations launched into 22 people for suspected tax evasion following government Panama Papers probe

The Chancellor says nine 'potential professional enablers of economic crime' have been identified

Tanzania, Switzerland Sign MOU To Recover Millions Lost in Offshore Accounts

Between 1982 and 2006, there were 91 client accounts opened by Tanzanian nationals, with one client depositing $20.8 million.

Taxation: Council agrees criteria for the screening of third country jurisdictions

The Council's code of conduct group for business taxation will conduct and oversee the screening process, supported by the Council's secretariat.

Tax authorities to gain access to beneficial ownership information

The proposal is one of a number of measures set out by the Commission in July 2016, in the wake of the April 2016 Panama Papers revelations.

Tax Agreement For Swiss-French Airport

Companies in the Swiss area will pay French income tax and Swiss capital tax.

Yeo Jiawei Turned Arrogant and Dismissive with Jho Low

Former BSI banker Yeo Jiawei became arrogant and dismissive of his former peers after he left the Swiss bank

Time for senior managers to roll up their sleeves over UK legal reforms to tax evasion laws - Ogier

Partner Nick Williams says that the new strict liability offence, which targets companies and partnerships that do not have reasonable procedures to stop employees and other people associated with the business from assisting underlying tax evasion

Firms Increasingly Worried About DOL Fiduciary Rule

LPL had already standardized commissions on variable annuities and alternative investment products

UAE faces tax haven blacklist threat from G20

Gulf state yet to sign treaty on exchanging information amid fears over illicit flows

A New, independent law firm has launched in Guernsey

All of the firm’s partners and staff previously worked at other large offshore law firms and have worked together on a cross-disciplinary basis.

Real Estate Heir Robert Durst Faces Murder Charge in California

Local prosecutors have been eager to bring Durst to California and try him in the killing of his friend Susan Berman in 2000

British overseas territories fear BULLYING EU will unleash major tax attack

Mr Smith said the British Virgin Islands could play a “positive role” in the relationship with post-Brexit Britain and said he had been part of a “very cordial” meeting with the Foreign Office this week in the face of EU posturing.

German finance minister plans to clamp down on offshore firms with new draft law

German Finance Minister Wolfgang Schaeuble wants to force Germans to disclose their dealings with offshore firms in tax havens

Legal,Regulation,Tax & Compliance