11/30/2015
BTG Pactual replaces Esteves as chief
In a letter sent to clients on Friday, Arida said the bank was on solid footing and not part of any investigation.
Legal,Regulation,Tax & Compliance
11/30/2015
Truthdigger of the Week: Offshore-Banking Whistleblower Hervé Falciani
After Falciani, then an IT expert at HSBC’s Swiss bank, hacked into the bank’s customer files in late 2007 he triggered a major scandal, exposing stunning corruption within an industry built in the shadows.
11/30/2015
Elder law newsletter | November 2015 - Withers
In this issue, we review the Public Guardian's updated version of its guidance on LPA's and discretionary investment management, summarise latest cases from the Court of Protection (including those on foreign issues) and examine LPA's in re
11/30/2015
The impact of regulation and technology on the asset management industry
Speaking about the effects of the FCA’s market study, which has been welcomed by many in the industry, McCarthy hopes that it may lead to more technology investments by asset managers.
11/30/2015
International Law Firm Boosts Private Client Team
joins the firm as Head of Contentious Trusts from Wragge Lawrence Graham & Co
11/30/2015
Improved, Easy Access to Swiss Wealth Managers – Americans Welcome
The Swiss platform WHERE AMERICANS ARE WELCOME (WAAW) has added new features for improved, easy access to Swiss wealth managers dedicated to serving American clients.
11/30/2015
Swiss banks face uncertainty on ECB move
Earlier this year, housebuyers in Switzerland thought they had hit the jackpot.
11/30/2015
Clamping down on tax evaders
The new campaign is part of a drive to claw back an estimated offshore “tax gap” of £565m to the public purse
11/27/2015
Leading Law Firms Merge to Create Top-Five Private Client Team
It combines complementary expertise of two leading law firms to create a market-leading client-focused business
11/27/2015
Arrested Brazilian billionaire declares innocence: report
They are accused of attempting to obstruct justice in the Petrobras probe.
11/27/2015
Swiss agree to send bank info regarding FIFA cases to U.S.
"An order always affects a single holder of one or multiple accounts at a single bank," Galli said.
11/27/2015
China regulator targets illegal margin finance in wealth management products
Illegal margin finance offered by non-bank lenders magnified the size the of China's equity bull-run and subsequent crash this summer, and was the subject of a severe crackdown in late summer and early fall.
11/27/2015
HMRC declares an end to 'hiding money in another country' from January
'Come to us before we come to you': Revenue unveils campaign to publicise new powers to demand personal financial details in 90 countries
11/27/2015
HSBC whistleblower given five years’ jail over biggest leak in banking history
Hervé Falciani sentenced in his absence for financial espionage by federal court for exposing wrongdoing at HSBC’s private Swiss bank
11/27/2015
Philippines chases after Van Gogh, Picasso in Marcos wealth sale
The government is turning to the Internet and social media to hasten the chase, said Andrew de Castro
11/26/2015
Profile: why Tcam's bosses bought themselves out of Turcan Connell
Last month, the duo led a management buyout of Turcan Connell Asset Management that received the backing of renowned hedge fund manager Crispin Odey.
11/26/2015
Big banks accused of interest rate-swap fixing in class action suit
The banks "have been able to extract billions of dollars in monopoly rents
11/26/2015
Cash flow is king in an insolvent trust says Jersey Royal Court - Appleby
In a recent judgement re the Z Trusts [2015] JRC196C from the Royal Court of Jersey it was held that the test for an insolvent trust is a cash flow test, rather than a balance sheet test.
11/26/2015
Barclays fined for lax crime checks in 'deal of century'
The failings relate to a £1.88 billion pound transaction (Transaction) that Barclays arranged and executed in 2011 and 2012 for a number of ultra-high net worth clients. The clients involved were politically exposed persons (PEPs) and should therefo
11/26/2015
Germany gives Greece 10,000 records on possible tax cheats who used Swiss bank accounts
The state's finance minister, Norbert Walter-Borjans, said in a statement Wednesday that the data might help Greece achieve "more tax honesty."