12/18/2015
Fifa scandal: Large cash sums frozen by Switzerland
Fifty Swiss bank accounts allegedly linked to world football governing body Fifa have been frozen.
Legal,Regulation,Tax & Compliance
12/18/2015
Swiss ban for six former UBS traders over market rigging
Finma has determined that the individuals concerned were directly responsible for serious regulation breaches,” the body said in a statement following an investigation undertaken last year.
12/18/2015
Three further Swiss banks pay US fines
The Swiss bank programme was established in August 2013 to address criminal liability issues surrounding tax evasion by US clients of Swiss banks.
12/18/2015
Swiss-Banking Lawsuit Against IRS Could Have Wide Impact
Bernhard Gubser says his failure to declare assets that were in his UBS account in 2008 was an innocent error
12/18/2015
WH Ireland faces 'substantial’ FCA fine
WH Ireland expects to be hit with a ‘substantial’ fine following a Financial Conduct Authority (FCA) review into its business.
12/18/2015
Former Chief of BTG Pactual, André Esteves, Is Freed From Jail
The police subsequently found documents that may indicate BTG Pactual paid legislators in return for favors.
12/18/2015
Private client law firm eyes more deals as merger completes
The parties said the merger had transformed the structure of the group with legal services to businesses and high net-worth private client work now accounting for half the group's turnover. Personal injury work – 80 per cent of which is made u
12/17/2015
UK tax fraud costs government £16bn a year, audit report says
HMRC under fire for focusing its efforts on small-scale tax evaders rather than multinationals that owe far larger sums
12/17/2015
Supreme Court dismisses Trump challenge to Scottish wind farm planning consent
Renewables developers will "breathe a sigh of relief" after the UK's highest court rejected Donald Trump's legal challenge to planning approval for an 11-turbine offshore wind farm near his Aberdeenshire golf course, an expert has said
12/17/2015
Hervé Falciani: ‘HSBC Switzerland was a Tax Haven in Itself’
HSBC has acknowledged that its Swiss arm was guilty of advising customers on evading tax.
12/16/2015
Justice Department Announces Three Banks Reach Resolutions Under Swiss Bank Program
The department continues to receive detailed information regarding the myriad schemes used by Swiss banks, their employees and other individuals to encourage and profit from the concealment by U.S. taxpayers of foreign accounts,” said Acting Assista
12/16/2015
FCA releases MiFID II consultation paper
A significant part of MiFID II takes the form of EU regulations that are directly applicable in the UK without the need for changes to domestic law or regulation.
12/16/2015
Monaco confirms its commitment to implement Automatic Exchange of Financial Account Information
Many jurisdictions are now updating domestic legislation to ensure that financial institutions report information on financial assets held by non-residents. Financial information will be collected from 1 January 2016 in around 50 jurisdictions, for autom
12/16/2015
Doing Business in China: Unlock Investment Opportunities - King & Wood Mallesons
Emerging opportunities in e-commerce, finance and new ways to appeal to China’s increasingly sophisticated consumer base, are transforming the commercial landscape for investors.
12/16/2015
South Korean tycoon jailed for fraud, tax evasion
The court also handed down 25.2 billion won (S$30 million) in fines.
12/16/2015
Swiss banks release names of missing account holders
Releases names of more than 2,600 holders of accounts that have lain dormant for at least 60 years
12/16/2015
Global FATCA: Let's Do It Again
Fifty-three jurisdictions have agreed to automatic ex-change of tax information beginning in 2017, under the OECD's Common Reporting Standard.
12/16/2015
Swiss Bank Hid Assets for Jews in Wartime, Then Tax Evaders
Dreyfus avoided U.S. prosecution by agreeing to pay $24.2 million and admitting it “did not implement strict enough controls” to ensure that its American clients paid their taxes, the agreement says.
12/16/2015
Five wealth managers not up to scratch: FCA
The City watchdog released a thematic review into the £600bn wealth management industry on 9 December.
12/15/2015
Highly-regarded Global Equity Income fund manager joins Troy Asset Management
He had been with Newton for 15 years, will join Troy in 2016 to build a global equities proposition for the boutique alongside its successful equity income and multi-asset businesses.