06/30/2016
As offshore tax enforcement remains a top priority for the Department of Justice, the DOJ Tax Division and the IRS are actively reviewing account information obtained from Category 2 banks
06/29/2016
The prosecution requested that UBS face trial for "aggravated laundering of tax fraud proceeds" while its French branch be judged for complicity in these crimes.
06/29/2016
Now that the immediate consequences of the referendum and Brexit have become a little clearer, we turn to consider the implications for HNWIs and senior executives.
06/29/2016
A key pillar of the project focused on ensuring transparency while promoting increased certainty and predictability.
06/28/2016
Foreign exchange markets opened amidst great volatility on Friday as it emerged that Britain had voted to leave the European Union.
06/28/2016
Switzerland as a haven for dirty money has long been a cherished picture painted by commentators in the Anglo-saxon world. With Brexit a reality, the cliché may soon apply to London more than anywhere else.
06/28/2016
All client relationships related to 1MDB have been fully closed in early 2015.
06/28/2016
The payout includes roughly $135.5 million of taxes, $402.1 million of interest, and $570.1 million of penalties.
06/27/2016
The industry has fought the good fight.
06/27/2016
However, British crown dependencies and offshore tax havens were ranked separately.
06/27/2016
Regulator in Mauritius sought help from Central Bank in its investigation into offshore hedge fund
06/27/2016
Control in this case, he says, doesn’t mean hiding information.
06/27/2016
Americans living abroad could have their passports revoked simply by being on an IRS list for owing taxes.
06/27/2016
A New York appeals court Thursday ruled against Bacon
06/27/2016
Early indications are that there will not be an 'Emergency Budget' so soon after the referendum.
06/24/2016
The IRS said it needed the records to determine Hsiaw’s income tax liabilities from 2006 to 2011.
06/24/2016
The notes were issued by Merrill Lynch’s parent company Bank of America Corporation, and Merrill Lynch had principal responsibility for drafting and reviewing the retail pricing supplements.
06/24/2016
Merrill Lynch fined $415m for misusing client money
Had Merrill Lynch collapsed at any point, customers would have been exposed to significant risk and uncertainty of getting back their own securities.
06/24/2016
Americans living abroad could have their passports revoked simply by being on an IRS list for owing taxes.
06/24/2016
Regulatory authorities have claimed billions as settlements and fines from several banks.