Managers of Wealth

Germany tips off euro neighbours over tax evasion

The biggest package of data stemmed from a hard drive sent by an anonymous whistleblower to tax inspectors in the western state.

Philippines central bank hits cyber-heist institution with $21 million fine

So far, just $18 million of the missing funds has been recovered and frozen in the Philippines.

Panama seeks to punish countries that blacklist it as 'tax haven'

The bill will be put to Panama's Congress for debate and a vote.

Strong presence in 2016 Who's Who Legal Asset Recovery for Appleby

Included among 11 Appleby practitioners from five jurisdictions is Fraser Robertson, Head of Dispute Resolution in the Jersey office, and a member of Appleby’s Global Management Board.

FINRA fines Barclays $1.3 million for order reporting violations

FINRA rules require firms to transmit to OATS complete and accurate data relating to events in the lifecycle of an order, called Reportable Order Events. FINRA found 15 system issues at Barclays Capital that gave rise to OATS reporting violations.

UK House of Lords considering blocking Brexit

A cross party coalition in the UK House of Lords is considering blocking the triggering of article 50, the process for leaving the EU.

Lord Ashcroft's Belize bank hit by wave of withdrawals

It later emerged, however, that a promise he had reportedly given at the time to relinquish his controversial tax exile arrangements had not been kept for many years.

Raymond James fights back in $350M Vermont fraud case

The suit also maintains that the allegations are already being addressed in a separate class action complaint.

New rules force closure of about 10,000 Chinese private wealth management firms in six months

Rising defaults and fraud in the insufficiently regulated sector force China to tighten entry norms for companies

Tax Authority obtains list of 8,000 Israelis with Swiss accounts

HSBC bank hands over information on over $10 billion in accounts; state extends amnesty for voluntary reporting

Revealed: the secret bases of Scotland 's 25,000 hidden tax haven firms

There were an average of just 498 new SLPs registered a month in the year to April 2016, more than in the whole year of 2007-08.

HSBC hands over list of 8,000 Israeli Swiss accounts

Talks and efforts have recently yielded fruit, with the Israel Tax Authority receiving information on over 8,000 Israeli clients with accounts in HSBC's Swiss branch.

Italy's Monte dei Paschi gets alternative rescue proposal from UBS

A bank spokesman said the two letters were part of the same proposal.

Manhattan art consultant used Swiss bank account to avoid paying millions in taxes from 'secret inheritance from her father'

She opened an “undeclared Swiss bank account for the purpose of depositing the secret inheritance from her father” in 2006 — using a fake foreign foundation name to conceal her identity.

Legal,Regulation,Tax & Compliance