11/23/2015
Money laundering is the process of disguising the origins of money obtained from crime and corruption by hiding it within legitimate economic activities.
11/23/2015
Switzerland has proposed easing bank-secrecy laws, allowing for more cooperation with foreign tax agencies—even where stolen information is involved
11/20/2015
It's often assumed that financial planning for high-net-worth individuals is all about sophisticated investments and complex strategies that are either too expensive or otherwise off-limits to the general public.
11/20/2015
These banks will collectively pay penalties totaling more than $81 million and continue to cooperate with the department.
11/19/2015
The arm of the UK Government is likely to extend into offshore trusts where they contain UK tax paying beneficiaries. Whether or not this information will be linked at an EU level remains to be seen
11/19/2015
Additional Fine Brings Overall Barclays Foreign Exchange NYDFS Penalty to $635 Million
11/19/2015
Under the program, banks also must provide detailed information on the accounts of U.S. taxpayers under investigation.
11/18/2015
Astleford has more than 25 years’ experience in advising fund managers, banks, brokers and corporates and is co-chair of the firm’s global financial services group and head of the group in Europe.
11/18/2015
The Financial Conduct Authority (FCA) has set out the areas it will focus on in its market study into competition in the asset management industry.
11/18/2015
Expected to launch in 2016
11/18/2015
The rules are expected, among other things, to dictate when banks can take prior years' bonuses back from bankers, for example if the employee engaged in fraud.
11/17/2015
The taxman has doubled the army of inspectors trawling through the tax files of those earning £150,000 or more
11/17/2015
Additional tax inspectors at HMRC will be expected to pay for themselves many times over.
11/16/2015
Gianpaolo Tarantini and Sabina Began, "Queen Bee" of Berlusconi's female entourage, accused of recruiting 26 showgirls to attend parties at the then prime minister's homes in Rome and Milan
11/16/2015
Yves Bouvier, a Singapore PR, will now be tried for fraud and complicity in money laundering
11/16/2015
Arenas claims that Boulevard Management, Inc. fell well short of the standard of care that it publicly advertises, causing Arenas to lose many millions of dollars.
11/15/2015
Standard Chartered's Swiss Bank Will Pay $6.3 Million to U.S.
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.
11/13/2015
Upping the vigil against illicit fund flows, Switzerland has tightened its anti-money laundering norms with new diligence rules, including greater scrutiny of ecclesiastical foundations.
11/12/2015
Global law firm appoints Head of Global Mergers & Acquisitions
Chambers Global 2015 ranks the Firm in 51 categories
11/12/2015
The Governments of the Crown Dependencies have provided an update on the proposals for the transition from the Crown Dependancies and Overseas Territories (CDOT or "UK FATCA") to the Common Reporting Standard (CRS) in 2017.