Managers of Wealth

Swiss HSBC account holders bent on cross-examining persons who shared their information with India

Several HSBC accountholders in their appeals to challenge the claims of the tax department have underscored the right to cross-examine.

We now know who blew the whistle on Visium Asset Management

A former trader at the firm, Jason Thorell, approached the government, according to a Bloomberg News report out Monday morning.

Swiss Probe Ex-Abu Dhabi Official over 1MDB

This represents a widening of a global investigation into 1MDB and allegations that billions in state funds were siphoned off for private use.

Compliance concerns drive more hedge fund business decisions

Survey findings suggest that hedge fund managers overwhelmingly expect increases in compliance spending to continue over the next two years.

Jakarta plans tax haven on two islands near Singapore

Bintan, Rempang earmarked to draw funds that may otherwise be kept outside Indonesia, says senior minister

JFSC signs MoU with Liechtenstein’s Financial Market Authority

The JFSC has MoUs (either on a bilateral or multilateral basis) with regulators in over 90 countries.

International Tax News - August 2016 - PwC

Keeping up with the constant flow of international tax developments worldwide can be a real challenge for multinational companies.

Falcon private bank linked to Malaysia scandal

Authorities are now looking more closely at Falcon — a small Zurich-based manager for wealthy clients acquired in 2009 by an Abu Dhabi sovereign wealth fund — and its ties to Malaysian Prime Minister Najib Razak, people familiar with the matte

Hillary reveals her plan to tax the ultra-wealthy

The "Buffett Rule" was originally proposed by legendary investor Warren Buffett to raise tax on the wealthy.

Appleby recognised for prestigious Offshore Award

Appleby awarded 2016 US Captive Services Award

A new era of entrepreneurs? by Dr Stuart Thomson, Head of Public Affairs, Bircham Dyson Bell

Certainly no one in the business community is talking the economy down and they are up for the fight that the Brexit result has delivered. However, entrepreneurs are concerned about the future.

China regulators launch inspections on banking business, wealth management: media

China's securities regulator has urged securities firms, fund houses and futures brokerages to conduct self-inspections on their wealth management businesses, and take corrective measures accordingly.

Barclays reaches US$100 million US Libor settlement: NY attorney general

Manipulated Interest Rates Hurt Government And Not-For-Profit Entities In New York And Across The Country

Hoots and squawks come home to nest at Deutsche Bank

Bank to pay $12.5m to securities watchdog over information broadcast on internal speaker system

Swiss Migros Bank CEO won't rule out negative rates for retail clients -report

Nearly all Swiss banks have refrained from passing on negative rates to retail customers

South African Tax Advisers Get No Protection for Reporting on Wealthy

The rules are intended to provide the window of opportunity to come clean ahead of 2017.

Wegelin Whistleblower Couple Awarded $17 Million

The two were awarded $17 million by a U.S. court this week for their role in bringing down Wegelin.

One year extension given to reclassify Bermuda Exempted Funds - Appleby

Bermuda’s legacy Exempted Funds have been given a one-year extension on the 3 October 2016 deadline to reclassify as a Class A or Class B Exempt Fund. Exempted Funds now have until 3 October 2017 to reclassify.

Latin American tax clampdown latest threat to Swiss bank accounts

That has all changed in recent years as U.S. and European agencies offered them a chance to declare offshore accounts, pay penalties and settle back taxes.

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.

Legal,Regulation,Tax & Compliance