Managers of Wealth

Ex-UBS rogue trader Kweku Adoboli is out of prison

The FT reported that during his time behind bars, Adoboli was held in four different prisons. He was held at Wandsworth in London ahead of his trial.

Cyprus trust plus Panamanian foundation – an unrivalled stucture

As far as one can remember and for as long as tax laws have been in existence, there has been a lot of speculation about and examination of structures asking how these can best be implemented to provide its users with the best possible tax planning soluti

Mauritius deepens its commitment to fight international tax avoidance and evasion

It is the seventh member of the African Tax Administration Forum to join the Convention and becomes the 87th jurisdiction participating to this truly global instrument to fight international tax avoidance and evasion.

Follow the money: inside the world's tax havens

From the Cayman Islands to Jersey, tax havens are busier than ever – a secretive world of offshore accounts and shell companies. Nothing to do with you? Then you win my Hermit of the Year prize

PRA bans bonuses for management of tax-payer backed banks

Following responses to the consultation paper, the PRA and FCA will now explore further the option of requiring buy-out awards to be held in a form that permits them to be subject to malus by the previous employer.

Offshore Banks Reveal Account Data, As IRS Amnesty For Many Involves 50% Penalty

This higher penalty was created as part of the June 2014 OVDP reforms

'Flash crash' trader linked to network now under investigation

The NAV Sarao Milking Markets Fund was soon registered in Mauritius as part of Cosgrove's financial network.

IRELAND: Income tax revenue reduces as number of high earners falls

Income tax revenue from high earners fell by 4.4% in 2013 due to a sharp decrease in the number of high net worth individuals liable for such tax.

Strauss-Kahn Shifts Focus From Sex Trial to Hedge-Fund Probe

He and his lawyers must shift their focus to Luxembourg and the failure of a hedge fund that bore Strauss-Kahn’s name.

Banks did not do enough to police FIFA transactions, says agency

A global group of government anti-money-laundering agencies said that financial institutions have not done enough to police suspicious financial activity by officials at football's global governing body FIFA

Good news for entrepreneurs as Swiss vote no to IHT

The Swiss voters have decided to reject the initiative to introduce a federal inheritance tax by a vast majority of 71.7 per cent

Nedbank boss set to testify over ‘scam’

Nedbank chief executive Mike Brown has been subpoenaed to give evidence today at a confidential Section 417/418 inquiry in terms of the Companies Act.

Cayman Islands: OECD Responds To EU's Blacklist

'Without prejudice to countries' sovereign positions, we are happy to confirm that these jurisdictions are cooperative and we would like to commend the tremendous progress made over the past years as well as the cooperation and integrity of the

Crackdown on multinational tax avoidance likely to be thwarted, says expert

The G20's efforts to crack down on multinational tax avoidance are likely to be defeated by national self-interest, particularly from the United States, one of Australasia's top tax advisers says.

One of Brazil's Richest Men Arrested in Petrobas Corruption Scandal

The company's list of projects includes world cup stadiums, deep-sea ports, and Miami's airport.

Is America’s FATCA Policy To Recover Lost Taxes “Skewed”?

America’s policy of recovering undisclosed taxes has been slammed as “skewed” by the boss of one of the world’s largest independent financial advisory organizations

Disgraced trader asks judge for a $50M refund

Rajaratnam is asking that five counts of his conviction be vacated

Libor trial: Hayes handed over a UBS 'instruction manual' on rigging, prosecution says

Serious Fraud Office received the bank's internal guide on submitting Libor

HSBC commission meets UBS whistleblower in Paris

Members of the congressional bicameral commission investigating HSBC supposed illegal scheme to help Argentines evade taxes started their activities in Paris yesterday

UBS Tax Evasion Network in Latin America Revealed

Gibaud noted that the Latin American network, which included Argentina, consisted of about 30 people.

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