12/07/2015
Private school fee records used to target offshore tax evasion
He said the ATO had 5000 client names from wealth management firms and a list of 100 advisers and promoters who had a "direct link with people who may have evaded taxes".
Legal,Regulation,Tax & Compliance
12/07/2015
City law firm GQ Employment Law acquires smaller rival Camfords
City law firm GQ Employment Law has snapped up a smaller boutique rival Camfords for an undisclosed sum, the pair announced today.
12/06/2015
Madoff Trustee Begins $1.19 Billion Payout to Victims
The latest payout will go to holders of 1,071 accounts at the former Bernard L. Madoff Investment Securities LLC.
12/06/2015
Fenced off: how London’s super-rich are destroying the soul of their community
Highgate is now a middle-class frontline against a billionaires’ investment invasion
12/06/2015
Inside the wild Bahama battle between two wacky billionaires
For eight years now, the self-made apparel king Peter Nygard and the financial tycoon Louis Bacon have been locked in a wild battle over a strip of land on Nassau in the Bahamas
12/05/2015
A global law firm decides there's no place like home
They say you can never go home again, but Baker & McKenzie wants to try.
12/04/2015
EFG Bank to pay $29 million in Justice Dept program deal
“Today’s resolution with EFG Bank European Financial Group SA, Geneva and EFG Bank AG reflects the continued progress of the Department of Justice’s Swiss Bank Program,” said acting Deputy Commissioner International David Horton
12/04/2015
Peter Canale Avoids Prison in Swiss Bank Tax Evasion Case
His brother Michael Canale, a retired U.S. Army surgeon, was sentenced in 2013 to six months in prison
12/03/2015
UK faces more pressure to rein in BVI, others
The report urged the UK to use its ‘control’ over the territories
12/03/2015
SEC Revives Failure To Supervise Case Against Billionaire
The failure to supervise charge will now move to a hearing, set to begin in mid-December.
12/03/2015
International law firm Launches First of its Kind Legal Tax Service
This service comes shortly after the recent launch of the firm’s MiFID2 Manager online tool earlier this month.
12/03/2015
Swiss Probe of Malaysia’s 1MDB Puts Falcon Bank in Spotlight
Small Zurich-based wealth manager landed in middle of controversy around Malaysian government fund
12/03/2015
SEC: Grant Thornton Ignored Red Flags in Audits
They violated professional auditing standards by failing to take reasonable steps to determine that an agreement with the lessor
12/03/2015
UK territories fail to open up about secretive companies
An agreement by all territories' leaders to keep central registers of company ownership comes more than a year after Prime Minister David Cameron encouraged them to create public registries.
12/02/2015
Jersey funds, capital markets and private wealth strengths highlighted in Asia Roadshows
Senior finance professionals in Asia heard about Jersey’s strength in funds, capital markets and private wealth at a number of events hosted by Jersey Finance in the Far East earlier this month.
12/02/2015
SEC Revives Failure To Supervise Case Against Billionaire Steven A. Cohen
The ongoing nature of the case indicates the SEC believes it can succeed in showing Cohen bred a culture that fostered and even rewarded insider trading.
12/01/2015
Standard Bank to pay $25m to settle bribery case
This indictment, pursuant to DPA proceedings, was immediately suspended. This was also the first use of section 7 of the Bribery Act 2010 by any prosecutor.
12/01/2015
Harneys acts for Virgin Group
Virgin is a leading international investment group and one of the world's most recognised and respected brands.
12/01/2015
Sean Connery's Wife Could Face Prison In 'Operation Goldfinger' Tax Case
She could even go to prison for up to two and a half years. At age 86, that is a daunting prospect.
12/01/2015
Pope Francis orders unprecedented audit of Vatican wealth
Galvanised by a scandal over Vatican finances Francis is pushing for more openness and transparency