Managers of Wealth

Report: Swiss bank in 1MDB saga 'investigating its employees'

BSI’s ongoing inquiry reportedly comes as authorities across the globe examine claims that 1MDB was used to funnel money to politically-connected individuals.

The marijuana industry is in a 'catch-22'

The chief problem with the marijuana industry boils down to a states' rights issue.

“The difference between tax avoidance and tax evasion is the thickness of a prison wall”

As former British Chancellor of the Exchequer Denis Healey succintly put it, “the difference between tax avoidance and tax evasion is the thickness of a prison wall”).

Cayman Islands: Confidential Relationships Law to be repealed - Appleby

The Government of the Cayman Islands has this week gazetted a bill to repeal the statute that has frequently – and mistakenly – been described as Cayman’s banking secrecy law.

UBS Urges Judge Not To Hold It Liable For Mortgage Bond Losses

UBS AG urged a U.S. judge on Friday to reject claims that it should be held liable for $2 billion in losses that investors incurred on mortgage-backed securities issued before the collapse of the U.S. housing market.

Hong Kong residency draws interest from China's elite

Top officials in China's Communist Party are tied to this link via relatives who have established permanent residency in Hong Kong.

Bank blunder millionaire spent bulk of A$4.6 million on designer handbags, ‘deluxe vacuum cleaner’

A Malaysian student in Australia who mistakenly received A$4.6 million due to a banking error had allegedly spent a large amount on designer handbags, clothes and a ‘deluxe vacuum cleaner’.

Rich are exploiting inheritance tax loophole

Michael Noonan, the finance minister, has been told about the extensive use of the loophole, according to documents released under the Freedom of Information Act.

Listen as Nigel Griffiths struggles to explain involvement in Rangers tax avoidance scheme

THE former Labour MP denied any wrongdoing and insists it was a sting operation but has struggled to provide evidence.

Heads of tax administrations take big step forward in global tax co-operation

Participants from forty-nine delegations, including international and regional tax organisations, committed to continued international co-operation in order to tackle offshore tax evasion and work towards a fairer and more transparent international tax sy

JERSEY: Correspondence With The UK Chancellor

A letter to the Chancellor of the Exchequer, George Osborne MP, sent on Monday 9 May, confirmed that Jersey would actively participate, as it had done in the past, in the work on the development and assessment of compliance of the standard.

Singapore charges ex-BSI banker with forgery in 1MDB-linked probe

Singapore authorities are conducting a wide-ranging money-laundering probe into bank accounts linked to 1MDB, whose activities have triggered investigations across three continents.

‘No dirty money in Panama’, minister claims

The so-called Panama Papers scandal has shone light on the creation of secretive shell companies around the world.

Why Jersey says it's not a tax haven

Convincing the world you're not a tax haven isn't easy.

Vatican bank: now 'impossible' to launder money here

In an interview with Vatican media, de Franssu acknowledged that in the past the IOR had been subject to abuse "because you cannot serve two masters, and money is tempting."

Dollars stashed in Swiss banks reverberate in Senate

Dar says highlight of renegotiated treaty is replacement of Article 26 on exchange of information with a new one; exchange of tax info to help catch tax dodgers and corrupt

FCA fines and bans Towry man for insider trading

Mark Steward, Director of Enforcement and Market Oversight at the FCA said: 'There can be no let-up in tackling insider dealing and this case shows the consequences will be grave and serious ones for perpetrators, even in small cases like this one.&#

UK tipped off over Swiss bank years before US exposed tax fraud

The banking secrecy techniques revealed in internal BSI documents seen by the FT offer the latest glimpse of how bankers in the City have helped clients move money around the world incognito.

Beneficial ownership: the good, the bad, and the geeky

Discussions quietly began the over how Jersey might introduce a public register.

Emma Watson: Illustrating the Difference Between in the Public Interest and What Interests the Public

The Panama Papers that were released on Monday didn't appear to have the ammunition they had threatened.

Legal,Regulation,Tax & Compliance