Managers of Wealth

French Authorities Investigating Karl Lagerfeld's Taxes

The case is the latest involving allegations of high-end tax evasion in France, where the Finance Ministry has cracked down on fraud in recent years to ease budget strain.

PwC in $55 million settlement with Madoff feeder fund investors

According to court papers, Fairfield Greenwich investors suffered big losses on the more than $7 billion of their money

McManus to fight US government over €4.8m tax bill

Precisely how the money was won from Mr Gores was not revealed in the legal papers.

JPMorgan to pay $4 million for false statements about broker pay: SEC

An SEC investigation found that although J.P. Morgan Securities LLC (JPMS) did not pay commissions to registered representatives in its U.S. Private Bank, compensation was not based on client performance.

Trustee Strikes $25 Million Settlement With Madoff Investor

Irving Picard reaches deal with Vizcaya Partners as well as with Vizcaya’s investors and their bank

FCA Ends Probe Into HSBC Swiss Tax Affair

The FCA has concluded a 'deep-dive' into HSBC's Swiss private bank in the wake of a tax evasion scandal

US Justice Department Sues German Car Giant VW Over Emission Scandal

In September last year, following an investigation by US regulators, VW admitted fitting the so-called defeat device on 11 million vehicles globally.

Elliott Hedge-Fund Group Loses German Top Court Porsche Ruling

The funds didn’t show they have no other way to prove their cases, the judges said in a ruling published on the court website.

Texas tycoon Wyly faces US$2 billion tax trial over offshore trusts

Texas tycoon Sam Wyly is set to face off against the Internal Revenue Service at trial on Wednesday

Swiss bank to pay US$100 million to resolve US tax probe

This amount has been entirely provisioned and does not affect the capital ratios of the group or of the bank, which remains among the world's best-capitalized banks

Permission possible for film tax probe

The evidence will be used in a case involving Frank Agrama, a film producer who is alleged to have been Berlusconi’s agent in the multimillion- euro scheme.

HSBC's Swiss unit facing German tax probe -SonntagsZeitung

Lawyers for HSBC are negotiating with authorities for a settlement which should also include a solution for the employees

Ipes and KPMG sign agreement to provide investors with certain services

One of the first deadlines for clients to be aware of is the deadline for FATCA reporting for US and UK investors in May/June 2016.

Art dealer Wildenstein accused of huge French tax fraud

This “hidden” estate consisted of properties in New York and the Virgin Islands

There's a secret, separate US tax system that rich people use to save billions

The fronts for the super-rich donate lavishly to both the Republicans and the Democrats, and the loopholes are exploited by everyone from the Kochs to Soros.

Global dragnet puts pressure on tax evaders as year-end deadlines loom

Some have been warned that their accounts could be frozen or liquidated.

Ex-Barclays Advisor Ordered to Return $1.4M to Former Employer

Webb managed more than $400 million in assets for high-net-worth clients as a senior director of portfolio management at BNY Mellon.

Sri Lanka secures support for Swiss bank account probe

The Swiss authorities agreed to co-operate and provide information if there are accounts in Swiss banks used for money laundering

Julius Baer Has Agreement in Principle in U.S. Tax Probe

Julius Baer has reached an agreement in principle with the U.S. Attorney’s Office for the Southern District of New York with respect to a comprehensive resolution regarding its legacy U.S. cross-border business.

Barclays fined $13.75m by US regulators

Barclays did not admit or deny wrongdoing in agreeing to the settlement

Legal,Regulation,Tax & Compliance