Managers of Wealth

Jack Warner: Fifa's pirate of the Caribbean

Jack Warner is a member of parliament and a former world soccer vice president - here is what else we know about Fifa's pirate of the Caribbean.

Switzerland Names Names

Nearly a century of silence comes to an explosive end

Swiss Justice Department says 1 of 7 men arrested in FIFA corruption case appeals for bail

The seven men face 20 years in prison on racketeering charges.

Baker Tilly to strengthen market position by adopting RSM as global brand

Baker Tilly is one of the UK’s leading audit, tax and consulting advisers, with 3,400 partners and staff operating from 32 offices around the country.

Deutsche Bank Raided in Tax Probe

A Deutsche Bank spokesman said prosecutors hadn't brought forward any allegations against the bank's current staff in relation to Tuesday's events and declined to comment further.

Two More Swiss Private Banks Report Hidden American Accounts

“As the agreements reached today confirm, Swiss banks that helped U.S. taxpayers to hide foreign accounts and evade their U.S. tax obligations are providing a detailed account of their cross-border banking activities.

Appleby Aviation Team Attends Leading Industry Exhibition

Appleby’s dedicated aviation team has returned from the 2015 European Business Aviation Convention & Exhibition (“EBACE”), Europe’s largest and most important business aviation trade show in Geneva last month.

The Gibraltar FSC signs MoU with the Guernsey FSC

The MoU will serve as a formal agreement to strengthen co-operation between the two supervisory authorities, providing a gateway to exchange information and increase investigative assistance between the two organisations.

How divorces among the rich differ from middle class divorces

Money makes divorce look a little different.

International law firm continues dramatic global expansion

Hires Asian corporate tax head and launches Tokyo tax practice

UBS Transfers Assets to Swiss Unit to Meet Regulatory Demands

UBS Group AG plans to transfer assets and operations into a new Swiss unit on June 14 to meet regulatory demands to make the company easier to break up in a crisis.

Russia, Qatar could lose World Cups: FIFA official

Russia and Qatar could lose the right to host the 2018 and 2022 FIFA World Cups if evidence is found of corruption in the bidding process, a FIFA official was quoted as saying on Sunday.

Swiss regulator, UBS chairman disagree over banking standards

The chairman of Swiss banking giant UBS and the head of Switzerland's financial watchdog clashed on Monday over the country's need to have tougher targets for its own banks than the global standards for the industry.

OSC seeks to beef up whistleblower program with cash rewards up to $1.5M

U.S. offers large payouts for information, but programs in Canada are just getting started

IRS releases interim guidance for FBAR Penalties

Many are now familiar with the famous Report of Foreign Bank and Financial Accounts (FBAR), a relatively small form that carries with it the threat of huge penalties in the case of a willful failure to file.

Finance minister advocates domestic tax amnesty

Switzerland’s participation in agreements over the automatic exchange of information means that tax amnesty within the country's borders should be considered for a fair playing field

Recent Tax Treaty Developments In Cyprus by Philippos Aristotelous, Andreas Neocleous & Co

The proposed provisions are similar to existing provisions relating to information exchange except in one important regard.

Ombudsman forces managers to make up losses suffered in late transfer

The Pensions Ombudsman has ordered two wealth managers to make up the investment losses incurred by a pensioner on the late transfer of his drawdown fund.

OECD releases Implementation Package for BEPS country-by-country reporting

Pushing forward efforts to boost transparency in international tax matters, the OECD today released a package of measures for the implementation of a new Country-by-Country Reporting plan developed under the OECD/G20 BEPS Project.

Business interests tie Webb, Takkas to Cayman company

Webb and Takkas, a British national and former longtime resident of the Cayman Islands, were arrested in Zurich, Switzerland, on May 27 and are fighting extradition to the U.S.

Legal,Regulation,Tax & Compliance