Managers of Wealth

Panama Papers Source Cites 'Income Inequality' Behind Leak

Banks, financial regulators and tax authorities have failed.

Here's the story of how a guy making $66,000 a year lost $7.2 billion for one of Europe's biggest banks

Kerviel had dug himself a hole by buying 30 billion euros’ worth of Eurostoxx pan-European stock index futures contracts

The right strategy elevates regulatory reporting

There are no signs that change in the regulatory environment is going to abate any time soon.

Deutsche Bank Freezes `Billionaire' Vik's Confirmit Shares

The German lender, which has accused Vik of trying to hide assets, argued the shares were held for his benefit.

Here's what 300 top economists told the UK about tax havens

The UK has sovereignty over around a third of the world's tax havens such as the British Virgin Islands, the economists say.

Why a Swiss Tax Haven is Embracing Bitcoin

Dolfi Müller, Zug’s social-democratic mayor, said the town wanted to express its openness to new technologies and offer its support to the region’s fintech sector, by letting people use bitcoin to pay for some municipal services.

China Warns Asset Managers About 'Ponzi Scheme' Risks

The risk from pooling money is that cash from new investors can be used to repay existing investors, as occurs in the scams named after Charles Ponzi.

Iceland’s First Lady speaks out on offshore speculation

I have never had a bank account with HSBC nor have I been a client of that bank

Court accuses Adriano of tax fraud

Upon signing for Barca in July 2010, the left-back exclusively sold his image rights to Barca for €435,000, which increased to €595,000 euros in the 2014-2015 season.

HSBC Private Bank appeals against record HK$605 million fine by SFC

Record-high penalty was for alleged misselling of Lehman Brothers products

DIFC Courts winds up Bank Sarasin Alpen (ME) after failure to pay damages

Dubai-based Bank Sarasin Alpen (ME) has been placed into liquidation by the DIFC Courts after it failed to pay US$35 million in damages to a group of Kuwait investors for mis-selling financial products.

Maples and Calder Recognised for Seven Airfinance Deal of the Year Awards

A leading financial resource on the aviation industry and market leader for aircraft finance news

Zurich Insurance to acquire MAA’s takaful unit

MAA Takaful is one of Malaysia’s 11 Islamic insurers.

Developer Aby Rosen to Pay $7 Million in Suit Over Unpaid Taxes on Art

The New York attorney general, Eric T. Schneiderman, announced a $7 million settlement with Mr. Rosen on Tuesday for failing to pay taxes on $80 million in artwork that he had bought or commissioned since 2002.

Deutsche Bank and UBS schemes - Supreme Court finds in HMRC’s favour

The Supreme Court held that it was capable of applying a purposive interpretation to the relevant ITEPA rules and that, in doing so, the shares were not “restricted securities”.

Separating fact from tax-haven fiction

The onus is now very much on us and the firms that Bermuda hosts to ramp up our international lobbying and public relations efforts.

Iceland’s First Lady Linked to Tax Havens, Documents Reveal

Previously unreported papers—part of a leak from HSBC’s private bank in Geneva—known as the Swiss Leaks reportedly show how Moussaieff had links to offshore companies and to trusts registered outside the UK.

DLA Piper doubles City promotions amid 48-strong round

DLA Piper has announced that 48 lawyers have been promoted to its partnership. The promotions are effective as of 1 January 2016 in the United States and 1 May 2016 for EMEA and Asia Pacific. The promotions were made across a wide spectrum of practice are

Barclays France Faces Money Laundering Accusation

Barclays last week said it had entered into exclusive talks with AnaCap Financial Partners over the sale of its French retail banking operations

Let the world know Bermuda is no tax haven

If the process is legal, why are we labelled a tax haven?

Legal,Regulation,Tax & Compliance