Managers of Wealth

Rothschild agrees in US tax dispute

Banks already under criminal investigation related to their Swiss-banking activities and all individuals were expressly excluded from the program.

J.P. Morgan to Pay $307 Million Over Client 'Steering'--Update

A J.P. Morgan spokesman said the bank had enhanced its client disclosures over the last two years.

HMRC’s digital roadmap – two sides to every story?

In a first for Tax Brief, two of our experts go head to head in the debate about the newly-published digital roadmap. Up first, is George Bull with his concerns…

Fifa scandal: Large cash sums frozen by Switzerland

Fifty Swiss bank accounts allegedly linked to world football governing body Fifa have been frozen.

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.

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.

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

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.

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.

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

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

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

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.

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

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.

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

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