Managers of Wealth

Protocol To Franco-Swiss DTA Enters Into Force

The protocol will also enable Switzerland to respond to group requests from France.

Offshore trusts not just for tax cheats

Establishing a foundation is not necessarily aimed at cheating the tax man, Rebecca Waterhouse says.

Further changes to the BVI Business Companies Act, 2004 come into effect April 1st 2016 - Walkers

The driver behind these changes is the BVI Government's commitment to ensuring that the BVI is in compliance with the transparency requirements of the Financial Action Task Force

Harvard Law and Princeton educated banker accused of masterminding $95million fraud scheme - and losing it all

Partner in PJT Partners allegedly scammed clients into fake investment that he created and made up web domain and emails to support

Rules to recoup US bank bonuses need tightening

It makes sense to extend ‘clawback’ periods for as long as 10 years

Taxing business

The Group of 77 developing countries, led by India and China, wants to turn the committee into a more muscular inter-governmental agency that would have a voice in setting tax rules

Finra Deals UBS $470,000 Fine Over Puerto Rico Bonds

The award is the latest in a string of claims ruled in favor of investors against UBS

Russian investor, funds settle U.S. press release hacking case

Seven Defendants Agree to Pay Nearly $18 Million in Hacked News Release Scheme

OECD releases BEPS consultation document on the treaty entitlement of non-CIV funds

Responses are invited to the questions included in a consultation document on issues and suggestions on the tax treaty entitlement of non-CIV (Collective Investment Vehicle) funds.

Elite syndicate in Revenue deal for 'aggressive' tax avoidance

Settlement means investors' names will not be published

Fake ‘Rothschild’ who lived the high-life in China exposed

Wentworth owners Reignwood and the president of China’s top university were among those fooled by a man with a “charming British accent” and a surname worth its weight in gold

El Chapo’s chief financial operator captured in Mexico

The 34-year-old operated a network of companies and currency exchange centres

Wafic Saïd sues Barclays over cutting ties

He is seeking an order under the Data Protection Act to force the bank to turn over any information it has that it relied on in its decision to sever its relationship with the 76-year-old Monaco resident and Conservative party donor.

Making automation count in the struggle to comply

Against such a backdrop, investing in technology is a no-brainer.

Arming bankers to tackle tax transparency head-on

Some of the practical and tangible solutions range from re-inventing the controls on an institutional basis to creating fact-sheets for clients to give them clarity on the process and policy.

Credit Suisse CEO, Blindsided by Risk Buildup, Cuts Jobs

Since taking over in July, Thiam, 53, has pledged to focus on wealth management while shrinking the riskier securities businesses

U.S. wealth managers grit teeth and prepare for Labor rule

Supporters of the new rule, such as consumer groups and retiree advocates, say it will promote transparency and protect investors from being sold unnecessary financial products

Swiss Bank/U.S. Near Tax Settlement.

The U.S. has been aggressively tracking down Swiss accounts since 2008, hoping thereby to severely reduce this method of tax evasion.

Credit Suisse to pay USD665,000 penalty to settle CFTC charges

The Order further finds that in March 2013, CSS-USA submitted to Enforcement

Dutch given details on "hundreds" of taxpayers' Swiss accounts

For hundreds of other Dutch UBS account holders who did not lodge similar appeals, however, their information was already transferred to the Netherlands from Switzerland.

Legal,Regulation,Tax & Compliance