Managers of Wealth

Path cleared for Bank Mellat’s claim against UK Treasury

The Court of Appeal gave its Judgment following an appeal by HM Treasury against the decision of Mr. Justice Flaux, sitting in the English Commercial Court.

Fears ‘spirit of RDR’ is under threat from insurers

Aviva, Old Mutual Wealth and most recently Standard Life have in the last two years cemented their ownership of every step of the financial services value chain

Cameron will use anti-corruption summit to call on wealthy to admit sources of cash

Cameron is expected to announce the new transparency measures at Thursday’s summit

Ex-Julius Baer Banker Said to Help U.S. in FIFA Laundering Probe

Burzaco pleaded guilty to money laundering, racketeering and wire fraud conspiracies, admitting he used several banks over almost a decade to launder bribes to soccer officials.

US Tax Havens - The New Switzerland?

After pursuing Swiss banks for helping Americans hide money, the United States has become a magnet for offshore wealth.

Madoff Sons' Fight Over Cash Endures Long After Their Deaths

The brothers, who held senior roles at their father’s now-defunct securities business, had to have known about the fraud, trustee Irving Picard claims as he readies another bid to get the estates’ cash.

Overseas territories resist calls for concessions to end tax secrecy

BVI and others say they will not sign up to public register to expose money launderers as Cameron prepares for key summit

Former broker who had affair with client challenges firing

But there was something else between Forte and Speer: a years-long love affair — and after Speer died in 2012, things got messy

JFSC action taken re Mossack Fonseca

The level of attention globally generated by the Panama Papers matter, linked to further anticipated public disclosures covering worldwide financial dealings over the coming days, suggest that the authorities in Jersey should be as well prepared as possib

Panama Papers update

Latest Panama Papers news

Panama Tries Persuading the World It Isn't a Tax Haven

The leak has touched off a nationalist outburst in Panama.

New rules have created a research headache for fund managers

Draft EU rules will force fund houses to reveal structure of fees and charges

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

Legal,Regulation,Tax & Compliance