Managers of Wealth

Have regulations finally killed the secretive Swiss banking industry?

KYC and AML regulations and prosecutions threaten the very existence of Swiss banks either through the revocation of their licences or never ending compliance costs

Two Former Deutsche Bank Employees Indicted on Fraud Charges in Connection with Long-Running Manipulation of Libor

The case has been assigned to Chief U.S. District Judge Colleen McMahon of the Southern District of New York.

Litigation-Focused Jenner Seizes Wealth Management Opportunity

General Dynamics remains a large portion of the family’s $8.8 billion fortune as estimated by Forbes last year.

CFTC Orders Bitcoin Exchange Bitfinex to Pay $75,000 for Offering Illegal Off-Exchange Financed Retail Commodity Transactions and Failing to Register as a Futures Commission Merchant

CFTC Division of Enforcement staff members responsible for this action are Melissa Cavers, Michael Frisch, Susan Gradman, Scott Williamson, and Rosemary Hollinger.

Spanish police ask Santander for documents in HSBC tax probe

The probe is linked to tax avoidance but how much money is involved is unclear at this stage, a court source said.

Brazil, Jamaica and Uruguay expand their capacity to fight international tax avoidance and evasion

The Convention provides for all forms of administrative assistance in tax matters: exchange of information on request, spontaneous exchange, automatic exchange, tax examinations abroad, simultaneous tax examinations and assistance in tax collection. It gu

Jumping the gun - HMRC's increasing trend towards penalties for 'deliberate' errors

It’s a simple error – you pick up the wrong form, fill it in, and send it off to the authorities. In most cases you can fill in a new one, and hey presto – the mistake is rectified. But sadly not when it comes to applying for tax relief

Banco Bradesco CEO faces accusations in Brazil tax probe

Operation Zealots is fpcusing on an alleged scheme in which tax officials were bribed to rule in favor of businesses disputing their tax bills.

OECD releases discussion draft on the multilateral instrument to implement the tax-treaty related BEPS measures

The Ad Hoc Group now includes 96 countries all participating on an equal footing, as well as a number of non-State jurisdictions and international organisations participating as Observers.

The Panama Papers Aftermath

The offshore financial industry is critical for global investment.

Swiss government names Lalit Modi, wife among those facing tax probe

Email and SMS queries to former IPL Commissioner about the notifications elicited no response.

Expats Object to Paying U.S. Taxes

In addition, nearly 45 percent of the expats surveyed said they would like the U.S. government to repeal FATCA

Asian regulators ask banks to reveal Panama Papers' links: sources

According to two sources familiar with the situation, the Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Singapore (MAS) sent letters to the banks in April.

Exclusive: Asian regulators ask banks to reveal Panama Papers' links

The sources did not disclose which banks were written to nor the names on the lists.

Argentine president proposes amnesty for tax dodgers

The government did not say how much money it expected to collect with the plan.

Britain is the most corrupt country in the world, claims mafia expert

'It’s not the bureaucracy, it’s not the police, it’s not the politics but what is corrupt is the financial capital'

Offshore firms buying up Scottish football including Celtic, Rangers, Dundee and Dumbarton

We have identified substantial offshore shareholdings in Celtic, currently the nation's richest and most successful club.

Mauritius: a tried, tested and trusted International Financial Centre

Mauritius is not a tax haven; it is a low-tax jurisdiction that also offers a low taxation platform for international business.

Christie's Auction House Fined After Trying to Sell Ivory

Christie's, one of the world’s most recognized auction houses, offers everything from real estate to fine wines to upscale handbags. In April, one product up for bidding featured elephant ivory—and the company just got fined nearly $5,0

High-Profile Tax Fraud Cases Could Hurt Spanish Soccer

Neymar's father last year said the constant harassment over his son's taxes could lead to the player's departure from Barcelona.

Legal,Regulation,Tax & Compliance