Managers of Wealth

A Goldman Sachs partner denied banging his shoe on a table in anger at a former salesman

The relationship between the LIA and Goldman Sachs broke down in July 2008, after the LIA suffered losses on certain trades.

IMF chief may be jailed for bailing out a French tycoon

As a result of the arbitration, Tapie was awarded the payout to be made by a state-run body in charge of settling the bank’s debts.

U.S. Mining Swiss Bank Data to Find Tax Cheats

Data coming mostly from 80 Swiss banks that participated in a limited-amnesty program

US, OECD issue country-by-country reporting guidance

The BEPS Project delivers solutions for governments to close the gaps in existing international rules that allow corporate profits to "disappear" or be artificially shifted to low or no tax environments, where companies have little or no economi

GFSC and CIMA sign a Memorandum of Understanding

This AIFMD MoU facilitates information exchange and experience sharing, important processes that will enhance our capabilities as supervisors of AIFMD entities

Goldman exec tells Libya fund trial that offering prostitutes ‘unacceptable’

The LIA argues that the bank took advantage of its financial naivety by first gaining its trust, then encouraging it to make risky and ultimately worthless investments.

New Corporate Criminal and Civil Offences for failing to prevent the facilitation of Tax evasion - Deloitte

The UK Government is looking to introduce new Criminal and Civil Offences targeted at businesses involved in tax evasion. The measures are intended to address a perceived inability to effectively prosecute UK led businesses whose staff facilitate tax evas

The World’s Top UHNW Lawyers

Whether it be tax or estate planning, these lawyers will have you covered.

Choate, Hall & Stewart's Wealth Management Group Receives Top Rankings in High Net Worth Guide

Nan Giner and Jennifer Snyder Receive Top Individual Rankings

Business taxes to remain low, personal taxes to rise after referendum?

Following the confirmation by the Chancellor of the Exchequer that there will be no immediate 'Emergency Budget' following the referendum result, there are nevertheless some clues as to the likely short-term changes in the UK tax system.

China to detail rules for launch of foreign hedge fund products

The move will help diversify the pool of investors, bring in new asset management talent and deepen deregulation of the capital markets, CSRC said.

SFC publicly censures two units of Bank of America Merrill Lynch Group for breaches of Takeovers Code

In deciding the sanction, the SFC took into account BofAML Group’s full cooperation and the remedial measures it has now put in place to ensure future compliance with the Takeovers Code.

Hong Kong and Singapore: Awaiting a New DOJ Tax Program for Asian Banks?

As offshore tax enforcement remains a top priority for the Department of Justice, the DOJ Tax Division and the IRS are actively reviewing account information obtained from Category 2 banks

French prosecution seeks tax fraud trial against Swiss bank UBS

The prosecution requested that UBS face trial for "aggravated laundering of tax fraud proceeds" while its French branch be judged for complicity in these crimes.

Brexit and Immigration: do high net worth individuals and senior executives need to take prompt action?

Now that the immediate consequences of the referendum and Brexit have become a little clearer, we turn to consider the implications for HNWIs and senior executives.

New steps to strengthen transparency in international tax matters

A key pillar of the project focused on ensuring transparency while promoting increased certainty and predictability.

Swiss central bank accelerates intervention

Foreign exchange markets opened amidst great volatility on Friday as it emerged that Britain had voted to leave the European Union.

London – the New Haven for Dirty Money?

Switzerland as a haven for dirty money has long been a cherished picture painted by commentators in the Anglo-saxon world. With Brexit a reality, the cliché may soon apply to London more than anywhere else.

BSI appeals against Swiss regulator ruling

All client relationships related to 1MDB have been fully closed in early 2015.

Former Texas billionaire ordered to pay $1.1 billion for ‘fraudulent’ tax scheme

The payout includes roughly $135.5 million of taxes, $402.1 million of interest, and $570.1 million of penalties.

Legal,Regulation,Tax & Compliance