01/04/2016
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.
Legal,Regulation,Tax & Compliance
01/04/2016
Art dealer Wildenstein accused of huge French tax fraud
This “hidden” estate consisted of properties in New York and the Virgin Islands
12/31/2015
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.
12/31/2015
Global dragnet puts pressure on tax evaders as year-end deadlines loom
Some have been warned that their accounts could be frozen or liquidated.
12/31/2015
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.
12/30/2015
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
12/30/2015
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.
12/30/2015
Barclays fined $13.75m by US regulators
Barclays did not admit or deny wrongdoing in agreeing to the settlement
12/30/2015
The simple reason the rich will always be one-step ahead of the IRS
Among tax lawyers and accountants, “the best and brightest get a high from figuring out how to do tricky little deals,” said Karen L. Hawkins, who until recently headed the I.R.S. office that oversees tax practitioners.
12/30/2015
China's central bank has suspended some foreign exchange businesses of several foreign banks
The People's Bank of China (PBOC) sent a notice to the impacted foreign banks on Monday
12/29/2015
Common Reporting Standards Come Into Effect For Many Offshore Funds on January 1, 2016
Due diligence procedures for identifying existing individual accounts with balances of at least $1 million will have to be completed by December 31, 2016
12/27/2015
Switzerland to vote on whether to ban private banks from creating money
Swiss referendum aims to glimit speculation by granting central bank monopoly over creation of both physical and electronic money, and requiring private banks to hold 100% cash reserves againt deposits.
12/25/2015
'Top Ten' Estate Planning and Estate Tax Developments of 2015
In an ever eagerly anticipated annual tradition, Ronald Aucutt, a McGuireWoods partner and co-chair of the firm’s private wealth services group, has identified the following as the top ten estate planning and estate tax developments of 2015.
12/24/2015
Switzerland, Italy Agree Tax Deal For Cross-Border Workers
Employees will pay up to 70 percent of the income tax that would ordinarily apply to employment income in the state where they work.
12/24/2015
Safra, Coutts Boost Swiss Bank Program Fines Near $1 Billion
The Swiss Bank Program, which was announced on Aug. 29, 2013, provides a path for Swiss banks to resolve potential criminal liabilities in the United States.
12/24/2015
FCA should ease burden on smaller advisers
The Treasury and FCA review is looking at the advice gap
12/24/2015
Swiss market regulator bans 6 ex-UBS bankers
Proceedings against one further UBS employee continue.
12/24/2015
Changes to the BVI Eligible Introducer Regime and Public Filing of Registers of Directors - TMF
The British Virgin Islands (BVI) are a leading international finance centre; well known for complying with the highest international regulatory standards.
12/23/2015
Hardouvelis to be probed over wealth declaration
The case concerns a period before he became minister, when he was an economic adviser to interim Prime Minister Lucas Papademos.
12/23/2015
Ex-Morgan Stanley Adviser Avoids Prison Over Theft of Data
The lawyer begged the judge not to send his client to prison, saying Marsh has rediscovered his faith, is volunteering at a soup kitchen and working as a consultant to a startup software company.