Managers of Wealth

Investors Sweet on Tax Havens

These funds took in $301 billion in net new money last year, bringing their total assets to $4.8 trillion, a 6.5 percent growth rate over 2014.

Credit Suisse, CIA-Funded Palantir to Target Rogue Bankers

The Zurich-based lender plans to expand Signac to monitor all employee behavior, catch breaches of conduct rules, and eventually offer the service to other banks.

FIFA official pleads not guilty to bribes

A lawyer for Takkas did not respond to a request for comment.

OECD releases standardised electronic format for the exchange of BEPS Country-by-Country Reports

The Country-by-Country reporting template does not apply to groups with annual consolidated revenue in the immediately preceding fiscal year of less than EUR 750 million.

International law firm announces launch of new integrated global team

This combination will bring significant advantage to clients by ensuring that work of the highest quality is delivered by the right people

Swiss-Dutch taxation pact not applicable in UBS case, says Swiss court

A taxation pact between the countries does not extend to "group requests that do not include names of individuals", the Swiss court wrote in a statement after publishing the ruling on Monday.

Disclosure of Beneficial Owners of Foreign Companies Holding UK Property

Whilst the main aim of the proposal is to tackle crime, corruption and money laundering it is quite likely that one of the aims is to collect beneficial ownership information so that the new rules in relation to UK Inheritance Tax for residential properti

224 To Testify in HSBC Case

A judge has cited 224 Argentines under investigation for tax evasion and money-laundering, ordering them to give testimony over a high-profile scandal involving HSBC bank accounts held in Switzerland

Proposals for bonuses to be tied to the number of senior women at financial institutions have been criticised by top City figures

Meanwhile, a new survey out today from executive search firm Wilkinson Partners and law firm Withers recorded a seven per cent increase in the number of female partners hired in the tax and private wealth sectors.

Offshore to online: How money was laundered in the past

From investing to businesses to offshore bank accounts, past high profile cases highlight the many ways people hide money obtained illegally

Bahamas: US to Probe Plot to Take Down Government and Tycoon Rival

Nygard is a major donor to Christie’s ruling Progressive Liberal Party

Uber’s roundabout revenue journey to steer clear of tax

The smartphone app, which has raised more than $7bn (£4.8bn) in funding, and is valued at $62bn, is currently losing money as it ploughs cash into expansion.

Taxman says 'We’re too busy to chase offshore cash': Revenue to miss £1bn evasion target by £780m according to watchdog

The alert was buried in the fine details of the OBR’s 260-page report on last week’s Budget.

IBRC liquidators sue former Anglo chief

He then established Anglo’s private banking business in Ireland, which dealt with many of the country’s wealthiest people during the boom years.

The lords of finance are losing their touch

Central banks are already doing the unthinkable - you just don't know it

Convicted Libor trader Tom Hayes says he lost £1m of own savings

The agency is seeking at least £2.4m of bonuses he received at UBS and Citigroup.

UK Budget 2016 - Swiss highlights by Withers

The run-up to the UK Budget was dominated by rumours of major changes to the taxation of pensions which did not materialise.

Global watchdog flags slow 'too big to fail' bank rule adoption

The FSB, which is chaired by Bank of England Governor Mark Carney, is tasked with coordinating financial regulation for the Group of 20 economies (G20).

UBS Says European Court to Hear Challenge in French Tax Case

France ordered the bank in July 2014 to post a bond of 1.1 billion euros in connection with the probe. UBS disputed the legal basis for the bail and the method of calculation.

Coutts case could set legal precedent on redundancy

The matter has been adjourned, with no date yet set for its continuation. It is a case lawyers on both sides describe as a matter of law and legal interpretation and also is one that potentially could set legal precedent in the Cayman Islands, specificall

Legal,Regulation,Tax & Compliance