02/29/2016
Bills would allow bigger payouts to Wall Street whistleblowers
Previously, older laws enacted after the savings and loans scandal in the 1980s capped awards at $1.6 million.
Legal,Regulation,Tax & Compliance
02/29/2016
Former Coutts employees sue over wrongful dismissal
This included the bank’s private banking operations in the Cayman Islands, but the Cayman trust business remained.
02/29/2016
Dentons tells ex-Luce Forward partners of $1.9M clawback years after they joined predecessor firm
Some ex-partners of the bygone California firm who are not currently connected with Dentons are being offered a chance to repay the claimed debt
02/26/2016
Gibraltar hit with regulatory action for secrecy act and anti-money laundering violations
The OCC today also issued a $2.5 million CMP against the bank.
02/26/2016
Tightening The Global Tax Net
They will need to look carefully to see where their reporting obligations lie and whether the structures currently in place remain workable and practical before the first official exchanges in September 2017.
02/25/2016
Pensions, taxes and the death of certainty by George Bull
This week, we have a distinct pensions flavour…
02/25/2016
Philippines still seeks US$ 1 billion in Marcos wealth 30 years after his ouster
The people holding these assets have been slowing us down.
02/25/2016
Why the opening up of China's bond market is welcome - Schroders
Meanwhile, short-term pressures on the currency are still strong and we expect the currency to remain a source of concern until the currency policy becomes clearer to market participants.
02/24/2016
HSBC’s Swiss, Dubai arms under lens for tax evasion by Indians
HSBC has been under scanner ever since a leaked list of hundreds of Indian clients of its Geneva branch found its way to the Indian tax authorities.
02/24/2016
Billionaire’s complaint raises liability issue
The case bears the hallmarks of past infamous rogue trading cases.
02/24/2016
The ANC’s wealth tax: Double rigging a rigged game
Kevin Bloom speaks to a tax haven investigator who says that he doesn’t.
02/24/2016
UBS Group AG: Tax Evasion Probe Completed by Prosecutors
UBS gets closer to a trial; looks forward to the opportunity to respond to unfounded allegations
02/24/2016
All interested countries and jurisdictions to be invited to join global efforts led by the OECD and G20 to close international tax loopholes
This new forum will provide for all interested countries and jurisdictions to participate as BEPS Associates in an extension of the OECD’s Committee on Fiscal Affairs.
02/24/2016
The rule of law in Africa: enforcing governance or scaring off foreign investors? by Kenny Chiu and Rita Chen
However, enforcing the rule of law in Africa against the backdrop of globalisation has not been without challenges.
02/24/2016
Court date set for Libyan sovereign fund dispute
The hearing is expected to run for four or five days, although the judgment may not come in the same week.
02/24/2016
Squire Patton Boggs and Carroll, Burdick & McDonough to Combine
Squire Patton Boggs and California-based Carroll, Burdick & McDonough today announce that they have reached a definitive agreement to combine firms.
02/24/2016
Feds Want UBS Forced To Give Up Taxpayer's Bank Records
The federal government asked a Florida federal court Tuesday to require Swiss bank UBS to cooperate with an IRS investigation into an American taxpayer allegedly holding funds at the bank overseas
02/23/2016
Financial impact of global probe could be significant: HSBC
The bank was “fully cooperating” with authorities, but warned that the resulting financial impact of the investigations globally could be “significant.
02/23/2016
Zac Goldsmith discloses £10m in income and capital gains since 2010
Conservative candidate for London mayor publishes tax returns for period since he became an MP, and calls on rivals to do likewise
02/23/2016
The EU and Monaco ink new tax transparency agreement
The agreement provides that Monaco and EU Member States will automatically exchange information on the financial accounts of one another's residents from 2018.