Managers of Wealth

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.

The Wealth Finance Brief - Fieldfisher

In this quarter's edition of the Wealth Finance Brief we have taken the opportunity to consider a variety of legal issues and recent developments which we hope will be of interest to lenders in the private wealth sector.

New York Art Consultant Indicted For Tax Crimes Over Offshore Accounts

Ms. Doyle has quite an art pedigree.

Switzerland to give US HSBC bank client data

According to the Swiss Federal Tax Administration, the IRS is targeting HSBC accounts "where there is evidence the US beneficial owner exercised control.

DAR Vows to Bring back money from Swiss Banks

Finance Minister confident of bidding adieu to IMF.

HNWIs call on FCA to turn focus on infrastructure building

The research was conducted by Scorpio Partnership and technology provider Factset, surveying 1,022 HNWIs globally.

Investec Shareholders Should Oppose Pay Policies, PIRC Says

Chief Executive Officer Stephen Koseff’s variable pay is excessive because it “represents more than 500 percent of his salary,” as does that of Managing Director Bernard Kantor, it said.

Canadian banks ordered to disclose Cayman dealings

The CRA suspects tax dodgers used RBC and Citibank to repatriate offshore assets held at Cayman National Bank

Italian-Swiss TIEA Enters Into Force

A country has to exhaust all of its own internal legal procedures before it can request information from the other.

Norton Rose Fulbright launches interactive PPP risk allocation tool with GI Hub

The GI Hub is an organisation established by the G20 group of nations to foster innovative approaches to global infrastructure development.

China mulls tightening wealth-product rules: report

The China Banking Regulatory Commission didn't immediately reply to a fax seeking comment.

Goldman Sachs abused trust in dealings with Libyan LIA, fund's lawyer tells trial

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

Lagarde to face trial over €400m payment to French tycoon

Christine Lagarde, head of the International Monetary Fund, must stand trial over accusations of negligence during her time as French finance minister, France’s highest appeals court ruled last week.

Swiss to pass information on HSBC accounts to US tax agency

Switzerland said it plans to give information to U.S. tax authorities about accounts at HSBC Holdings Plc's Swiss private bank, as part of a U.S. investigation into tax evasion.

Legal,Regulation,Tax & Compliance