Managers of Wealth

ANZ Bank Sued by Two Traders Fired Over Offensive Messages

The two men were among seven traders suspended by the bank in November 2014

HMRC chief: HSBC Swiss tax dodge prosecutions 'unlikely'

So far only one person has faced prosecution as a result of the investigation into HSBC Swiss bank account holders.

Swiss Attorney General to address restitution of frozen embezzled funds

The CHF 700m that the Mubarak embezzled in under the pretence of restoration to the presidential palaces has been frozen in Swiss banks since 2011

German prosecutors launch 2,000 tax cases against UBS clients: paper

Investigations into tax dodging began after the state of North Rhine-Westphalia bought a CD containing details of UBS customers in 2012

Julius Baer CEO Says U.S. Tax-Fine Provision Is ‘Pretty Final’

Julius Baer, Switzerland’s third-largest wealth manager, announced last month that it increased provisions to settle the U.S. case to $547 million

Swiss taxman says delay payments to beat negative interest rates

Taxpayers in parts of Switzerland this year face an unusual request from fiscal authorities: please delay settling your bill until as late as possible.

Financial advisers say wealthy will accept super tax hike

Most people understand that the incentives for saving within super are exemplary compared to other vehicles and that it is important the system is seen as fair and equitable.

Irish billionaire who lives in Malta ‘investigated by Ireland's criminal assets bureau’

CAB’s remit involves investigating the suspected proceeds of criminal conduct.

Fiduciary Decision Making in Respect of Assets Under Trust - Guernsey Financial Services Commission

This topic was chosen as it represents a key responsibility of trustees and is also a common theme in complaints notified to the Fiduciary Supervision Policy and Innovations Division (“the Division”).

British Regulator Proposes Additional Rules to Claw Back Banker Bonuses

A public comment period on the proposal runs through April.

Your boss can snoop on your messages - even private ones, says European Court of Human Rights

The court has ruled that it's reasonable for a company to check employees' email and instant messaging and that doing so doesn't violate their right to confidential correspondence.

Chinese banking regulator asks banks to reduce yields on wealth management products: sources

The China Banking Regulatory Commission could not be reached for comment, while the Central Depository and Clearing Corporation declined to immediately comment.

Steven A. Cohen Barred From Supervisory Hedge Fund Role

SEC Examinations and Independent Consultant Reviews Also Part of Settlement

Leading U.S. Law Firm Continues International Expansion

Butler Snow partner Kurt Rademacher will head up the Singapore office.

Sports Direct founder allegedly being sued over £15m banker offer

Mike Ashley promised sum to Jeff Blue if he could double retailer’s share price in three years, according to reports

Luxury Car Designer Fisker Files Civil Extortion Against British Automaker Aston Martin

The British automaker only sold 400 cars per year during the mid-90s.

Offshore asset holders urged to come clean over tax debts

The opportunity to reveal undisclosed overseas accounts and trusts with guaranteed immunity from criminal prosecution ended on January 1

IRS goes after Royce Gracie claiming tax underpayment, fraud totaling $1.15 million

Remember the scrawny guy in a gi who smoked the field at UFC 1 and had everyone scratching their heads as to how such a thing was possible?

Swiss banker settles German tax probe

The bank has said it never set up or distributed such products and Eric Sarasin has also denied that he was involved in such a scheme.

Private Bank Sued by Headhunter Over New Hires’ Fees

The search firm’s fees are 28 percent of an employee’s first-year pay package which includes a basic wage of as much as S$550,000 for a senior private banker, target bonus and joining payment, according to Mancano’s lawsuit.

Legal,Regulation,Tax & Compliance