Managers of Wealth

IRS targets Singapore in tax evasion crackdown

First came Switzerland. Now the Internal Revenue Service has a new target: Singapore.

Fifa’s Jeffrey Webb secures $10m bond with 11 watches and wife’s wedding ring

Webb facing charges of conspiracy to defraud in Cayman Islands

Africa tax in brief by Celia Becker, ENSAfrica

MAURITIUS: Expeditious Dispute Resolution of Tax Scheme 2015 guidelines published

Tax court rules on creation of permanent establishment in South Africa by Dr Beric Croome

Where a foreign company renders professional services to a South African company in South Africa, it is important that the foreign entity considers whether, as a result of rendering such services, the foreign company will create a permanent establishment

Bermuda Legislation Amendments Aim to Meet European Standards Set for Alternative Investment Fund Managers

Bermuda has prepared amendments to its existing Investment Business Act to develop Alternative Investment Fund Managers Directive (AIFMD)-focused legislation designed to create an opt-in AIFMD platform.

Wealth manager staff jump to compliance as salaries soar

Asset and wealth managers hunting for compliance professionals to help tackle the ever-increasing regulation in the industry has driven up salaries, drawing more people to the jobs.

U.S. judge dismisses NFL star's $20 million case against Bank of America

Truthful disclosure would have dissuaded Freeney from agreeing to become a "BofA client or to entrust the management of his assets, investments and income to BofA

Perth suicide couple confess to ripping off investors for years

A WEALTHY business couple who took their own lives last month left a suicide note admitting they had been ripping off investors for years.

Barclays is reportedly planning to cut more than 30,000 jobs

The paper said a potential candidate, who would replace Jenkins, is expected to eliminate jobs much faster and more deeply than the ousted boss.

NatArrest warrant issued for former billionaire

He failed to appear before Judge Roder on Monday to answer questions about the liquidation of his Patinack Farm.

Criminal charges loom over facilitating tax evasion

Companies that facilitate tax evasion are set to face criminal charges under plans unveiled ahead of an “unprecedented step change

Switzerland, Liechtenstein Sign Double Tax Deal

Switzerland and Liechtenstein have signed a new double taxation agreement, which lowers the withholding tax rates applicable to dividend and interest payments.

Slain Swiss banker 'very cynical' about Najib & 'unbelievable' corruption in his govt

We are now a movement for Justice. Please follow for the noble cause to wipe out corruption from the top to down in Malaysia.

Switzerland and Germany: clarification with respect to market access for banks

Final clarifications have been made regarding the Memorandum on the cross-border provision of financial services agreed between the finance ministries of Germany and Switzerland in 2013.

Fed probes RBC role in City National loan, possibly delaying merger deal

The probe could delay the planned $5.4-billion takeover of the big Los Angeles bank by RBC, one of Canada’s largest financial firms.

Ex-Barclays Team Denied Claims, Ordered to Pay Millions

The FINRA arbitration document does not detail the reason the men departed UBS.

Brazil currency probe may grow, trading ban unlikely

The U.S. currency rigging probe took more than five years to draw guilty pleas from banks now under investigation in Brazil

Leading offshore law firm announces MBO of fiduciary business

The transaction will enable two strong businesses to grow and prosper independently, whilst remaining close where it suits the needs of clients.”

Switzerland stands to gain from UK tax changes

Mr Codrington was convinced that there would be an increase in individuals that would reconsider their options once the new regime came into force in April 2017.

First of the seven FIFA officials arrested in FBI corruption probe during raid on Zurich hotel is extradited to the United States

FIFA chiefs accused by U.S. of taking bribes worth more than $100million

Legal,Regulation,Tax & Compliance