Managers of Wealth

Duo with Irish links at centre of $16bn 'Ponzi scheme' probe

Regulator in Mauritius sought help from Central Bank in its investigation into offshore hedge fund

Facing up to the regulatory reality of transparency

Control in this case, he says, doesn’t mean hiding information.

IRS Says "You Owe Us Money – Bye-Bye US Passport!"

Americans living abroad could have their passports revoked simply by being on an IRS list for owing taxes.

Billionaire Bacon Loses Appeal in Bahamas Backyard Battle

A New York appeals court Thursday ruled against Bacon

What Happens to UK Taxes after the Referendum?

Early indications are that there will not be an 'Emergency Budget' so soon after the referendum.

UBS Gives IRS Records on U.S. Citizen’s Account in Singapore

The IRS said it needed the records to determine Hsiaw’s income tax liabilities from 2006 to 2011.

Merrill Lynch Paying $10 Million Penalty for Misleading Investors

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.

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.

IRS Says "You Owe Us Money – Bye-Bye US Passport!"

Americans living abroad could have their passports revoked simply by being on an IRS list for owing taxes.

Credit Suisse Under Justice Dept. Probe

Regulatory authorities have claimed billions as settlements and fines from several banks.

Stars may finally align against buyout-baron taxes

Most recently, a 2015 Senate amendment failed on a 55-43 party-line vote of Republican opposition and Democratic support. A previous push in 2014 under a broad tax-reform plan also faltered.

The real threat to Britain’s borders is the flow of dirty money Roberto Saviano

It’s probably remain’s least used argument, but isolated nations are unable to fight organised crime. Only real cooperation in Europe can have an impact

Tax Efficiency Drives Less than a Quarter of High Net Worth Offshore Investment, says Verdict Financial.

The company’s latest report states that wealth managers need to gain a deeper understanding of the drivers that are prompting HNW investors to look for new places to store their fortunes.

Ex-JPMorgan executive pleads not guilty to $5 million embezzlement

In court, Assistant U.S. Attorney Sagar Ravi said Arbizu, 47, voluntarily agreed to his extradition and said prosecutors had held discussions with him about resolving the case

Credit Suisse Geneva Banker Said to Send Client Funds to Wife

A second transfer of $2 million was made three years later into the account of a Dubai firm that he controlled, the people said.

Switzerland: Swiss Parliament Agrees On CTR III

CTR III will lead to the abolishment of holding, domiciliary and mixed company arrangements.

“Virtual reality” - Jersey introduces virtual currency regulatory regime

What does this mean for you and your business?

China graft purge will pay off, says Gucci’s François-Henri Pinault

Faced with the crackdown, many Chinese consumers changed the way they bought luxury goods.

Ex-banker pleads guilty to helping Americans evade taxes

The 48-year-old Italian citizen and Swiss resident pleaded guilty on Wednesday in the Eastern District Court of Virginia.

Swiss-based private bank appeals regulator’s 1MDB sanctions

On Thursday BSI hit back with an appeal to the Federal Administrative Court, arguing that FINMA had overstepped its authority in a manner that has “severely harmed the reputation of the bank and its employees.”

Legal,Regulation,Tax & Compliance