09/06/2016
More Fines in Store for UBS and Credit Suisse
It was the largest legal settlement this year to date, and a harbinger for UBS and Credit Suisse, which are on the hook for the same selling practices.
Legal,Regulation,Tax & Compliance
09/06/2016
Government support for public disclosure of country-by-country reporting poses risk to BEPS implementation
This is a significant victory for campaigners and positions the UK as a leading proponent of tax transparency within the international community. However, this decision by ministers is not without risk.
09/05/2016
Apple's top lawyer fires back at EU over tax ruling
After being told the company owes $14.5 billion in back taxes, Apple's general counsel says the European Commission has its numbers wrong.
09/05/2016
Boardroom ban for Irish chief linked to $16bn Ponzi scheme
Financial storm centres on Belvedere Management Ltd, which controlled billions of assets
09/05/2016
Proposed amendment to Finance Bill could hamper implementation of OECD international tax reforms
The IRS made it quite clear that country-by-country reports will not be shared with any country that poses a threat to confidentiality.
09/05/2016
MAS seeks more protection for wealthier investors
The timetable is in line with the central bank's statement almost a year ago, when it said it would submit the proposals in 2016.
09/05/2016
Legal loophole on tax evasion to be debated at Westminster
The call for a review will come as an amendment to the Government’s finance bill on Monday and follows a series of Herald investigations that revealed how the Scottish-based firms were being used to launder profits from gun-running deals.
09/05/2016
Finnish tax authorities to receive information about overseas bank accounts
Finnish tax authorities are set to broaden their collecting net on a global scale.
09/05/2016
French ex-minister in court over tax fraud, money laundering
Cahuzac, who acknowledged evading taxes for two decades, faces up to seven years in prison and a 1 million-euro fine if convicted.
09/05/2016
Hapoalim Asks to Act on Fishman Collateral
Move comes day before judge begins hearings on bankruptcy petition against fallen tycoon.
09/04/2016
Barclays denies allegations of fraud
In court documents filed in the UK High Court on 1 September, PCP Capital Partners alleged that the GBP 7.3 billion capital-raising carried out in 2008 by Barclays constituted ‘a fraud on its shareholders perpetrated through a series of unlawful tra
09/02/2016
BNY Mellon Says Ex-Atherton Owners Poached Bankers, Clients
The lawsuit names as defendants the new firm, Lyell Wealth Management LLC and its co-founders, all of whom worked for of Menlo Park, California-based Atherton.
09/02/2016
Police charge man with the murder of former Coutts banker
Tragic Oliver Dearlove died as he and his girlfriend were thinking of starting a family
09/02/2016
Billionaire's Hedge fund Sues Mossack Fonseca
The current legal action has its roots in Singer’s long fight to reclaim funds lost when Argentina defaulted on government bonds held by NML.
09/02/2016
Tax Disclosure and Transparency – HMRC’s Offshore Strategy
Deloitte Tax Breakfast Seminar
09/02/2016
Podcast: Robo-advice and related legal work
Robo-advice tools provide a range of financial advice to clients
09/01/2016
Potential AIFMD Passporting to Switzerland and FINMA's Guidance on EU Regulations
The European Securities and Markets Authority has set out rules on eventually - extending the EU passport to non-EU AIFMs and AIFs.
09/01/2016
Enforcement of Ship Mortgages in The Bahamas - HIGGS & JOHNSON
A mortgagee (lender) has several remedies available to it when there is a default under the mortgage and it seeks to enforce its security. The most frequently used remedies are as follows:
09/01/2016
Cayman Promotes Transparency with Disclosure Law - Higgs & Johnson
In an effort to promote greater transparency within the financial industry, the Confidential Information Disclosure Law, 2016 (the “Law”), was passed in the Cayman Islands Gazette on 22 July 2016.
09/01/2016
Pakistan to sign tax agreement with OECD
Minister for Finance Ishaq Dar termed the decision a historic one while briefing a crowded press conference regarding decisions of the Federal Cabinet here at the Prime Minister’s Office.