Managers of Wealth

Bankers & Regulators Not Keen on Public Blockchain Solutions

The waiting game continues, before the regulators figure out the ways in which new innovations can or, according to them, should be policed.

Carrying golf clubs could cost you £1,000

Carrying golf clubs in the wrong part of this country could cost you up to £1,000 under measures introduced in the Anti-Social Behaviour, Crime and Policing Act

New Swiss corporate tax reform positions introduced for parliamentary discussion

The Committee also supports introducing a tonnage tax and abolishing the issuance duty on equity

FCA chief denies new regime is soft on bankers

Rules designed to hold executives to account come into effect alongside new offence of failing to prevent bank collapse

Appleby Sponsors Global Fund Finance Symposium

Appleby also had an opportunity to contribute through its exclusive sponsorship of the official networking reception.

OECD hosted two important events for the international tax community

The Task Force on Tax and Development was held on 1 March 2016, and brought together over 180 participants from government, international and regional organisations, business and civil society.

FATCA exceptions agreed by Swiss and US authorities

Accounts held by the lawyers or notaries of clients in Switzerland are now exempt from the United States’ Foreign Account Tax Compliance Act following the signing of an agreement by the countries’ authorities in February.

Singapore Banking Secrecy Makes Ripe Target for IRS

The IRS asked a federal judge in Miami to force UBS

Spain's Princess Cristina takes stand at fraud trial

She denies knowledge of the alleged embezzlement scam that also involves her husband and 16 other defendants.

Maples Fiduciary Continues Global Expansion

The initial focus will be on Hong Kong company incorporations and corporate services, while also providing the standard services offered by Maples Fiduciary’s offices globally, including directorships, trusts, board support, private client and accou

Millionaire 'sorry' for driving off with police officer hanging from car

Sir Harry Djanogly tells court he ‘regrets’ incident in which policeman was dragged along while clinging to steering wheel

UBS confirms French unit under investigation

UBS has been under pressure in France for years over allegations that in the past it helped clients evade taxes – claims it strenuously denies, writes the FT’s Ralph Atkins in Zürich.

FCA blacklists unauthorised adviser

Gemini Asset Management is believed to have been providing financial services or products in the UK without the regulator’s authorisation.

U.K. regulator opens probe of 6 insurers's fees

The FCA is focusing on fees charged to customers.

Ex-HSBC Credit Trader Jorgensen Sues Bank for Unfair Dismissal

Compensation for a successful unfair dismissal claim is capped at about 78,300 pounds ($110,000) at London’s employment tribunals

Income tax department examining HSBC reply in blackmoney case: CBDT

The bank, without disclosing the names of the Indians who indulged in the alleged tax evasion through its Swiss or Dubai units, had recently announced in its annual results

Pershing Launches Two-Part Series on Fiduciary Practices and Conflicts of Interest for Broker-Dealers and Hybrid Firms

The whitepaper points out the ways dually registered financial professionals will face increased scrutiny with their investment recommendations.

Top Puerto Rico luxury hotel targeted in tax evasion case

The island's Justice Department said Wilhelm Sack and Harold Davies Mayne of the Horned Dorset Primavera are accused of withholding more than $600,000 in room occupancy tax over the past six years.

Common Reporting Standard: The impact of new tax transparency rules on charities - Withers

Some time ago we wrote about the impact on UK charities of the Foreign Account Tax Compliance Act ('FATCA'). UK charities with US investments became obliged under FATCA to certify their status to banks and investment managers, but in essence, th

Mistake: escaping from tax consequences – the Royal Court of Jersey sounds a cautionary note

The familiar adage “if it looks too good to be true, it probably is too good to be true” has certainly applied to a number of tax mitigation schemes over the years.

Legal,Regulation,Tax & Compliance