Managers of Wealth

Being Named in the Panama Papers Does not Mean You Broke the Law

The line between the legal and illegal establishment of offshore companies can be blurry, but it doesn’t mean it’s always wrong.

BTG Pactual wants Generali indemnity over BSI's 1MDB link, source says

Singapore closed BSI's local branch on Tuesday as part of a probe into 1Malaysia Development Bhd, a Malaysian fund that was a client of the bank.

French bankers try to reassure Senate over tax havens

Jacques D’Estais also said BNP was closing a branch in the Cayman Islands.

Panama Papers: British-Canadian billionaire mysterious middleman in ‘corruption scheme’

U.S. officials say he “enriched himself” with $400 million (U.S.) in mark-ups and paid tens of millions of dollars in bribes to Bahraini officials, a Toronto Star/CBC investigation has found.

What happens to the UK tax system if we leave Europe? by George Bull

Relax – this isn’t another doom-laden set of predictions on what might happen if the UK votes to leave the EU in the forthcoming referendum. But we thought it might be helpful to think about the big tax picture before revisiting some of the de

Former Asia Global Finance Chair Sues Barclays For $2.4 Million

Pratt is suing the bank’s Asia unit for money he was allegedly owed after leaving the firm.

Regulators step up pressure on Asian banks

Lisa Jucca says no bank, big or small, is immune.

Rich on the Run: Swedish Hunt for Tax Evaders in Denmark Yields Millions

Despite the task group's efforts, tax evasion remains a long-standing problem for the Swedish economy.

Swiss attorney general opens criminal proceedings against BSI

In a separate statement, Swiss financial watchdog FINMA said it found BSI in breach of money laundering regulations in connection with 1MDB.

Laws and locations: A look at forced heirship regimes and estate planning for investments in Europe - Withers

The aim of international estate planning is to identify with trusted advisers such uncertainties and keep them to a minimum.

Qatari Royal Family Settles Picasso ‘Bust of a Woman’ Suit

The artwork was for years a prized possession of Maya Widmaier Picasso

Moving offshore doesn’t mean you’re avoiding tax

But what the uproar has shown is there is good and bad offshore tax avoidance.

Common Reporting Standard (CRS) and Beneficial Ownership – Filippo Noseda, Withers

In today’s difficult economic climate, countries need more than ever to ensure that they collect all the tax revenues that are due to them in order to fund public expenditure and reduce public debt. The arrival of new technologies has made it easier

Farrer & Co wins Magic Circle Award

The law firm was also runner up in the London Law Firm of the Year category.

Tax Havens: How They Work and Can You Do It Too?

There is practically no legal way for a U.S. citizen to avoid paying U.S. taxes, even if this income is somehow connected to a shell company in a low tax jurisdiction, or tax haven.

Stricter Debt Controls Set For Chinese Asset Managers

CSRC likely to cap debt ratio for equities investment at 100 per cent for asset management businesses

SEC Awards More Than $5 Million to Whistleblower

Award is SEC Program’s Third Highest to Date

FINRA Fines Raymond James $17 Million for Systemic Anti-Money Laundering Compliance Failures

Investors may find copies of this disciplinary action as well as other disciplinary documents in FINRA's Disciplinary Actions Online database.

Switzerland, Bahrain Agree Text Of Double Tax Pact

A double tax agreement was initialed to ensure that income from persons engaging in trade and investment is not taxed twice.

EU parliamentary group wants the US blacklisted as a tax haven

The European Parliament’s special committee on taxation was set to send a fact-finding delegation to Washington this week to look into the state of tax avoidance in the US.

Legal,Regulation,Tax & Compliance