05/28/2015
Barclays knew that during the first half of 2008, ICP Asset Management and Priore caused other investment vehicles they managed to make over $40 million in fraudulent transfers to Barclays to cover Triaxx Funding’s margin obligations.
05/28/2015
Basler, one of a host of local government-backed lenders in Switzerland, is still on the hook in a U.S. probe investigating how Swiss banks helped wealthy Americans dodge or cheat on taxes.
05/28/2015
The department is currently investigating accountholders, bank employees, and other facilitators and institutions based on information supplied by various sources, including the banks participating in this Program. Our message is clear – there is no
05/27/2015
Bulgari brothers to face trial on tax evasion ch
The investigation centres on a subsidiary based in Ireland which prosecutors say allowed Bulgari to benefit unfairly from that country's lower corporate tax rate, a judicial source said.
05/27/2015
More Swiss banks to settle with U.S. Department of Justice in near future - official
The settlement came under a voluntary Justice Department programme launched in 2013 that enables Swiss banks to avoid prosecution by disclosing cross-border activities that helped U.S. account holders conceal assets and income.
05/27/2015
Allen & Overy advises Samena Capital on Kleinwort Benson deal
Samena Capital is the premier investment group focused on principal investments in the Subcontinent, Asia, Middle East and North Africa.
05/27/2015
Switzerland and the European Union have signed an agreement providing for the automatic exchange of banking information, effective 2018
05/27/2015
One of those expected to face charges, Trinidad and Tobago's Jack Warner, was a man whom Football Federation Australia sought to impress during its ultimately fruitless bid for the 2022 World Cup.
05/27/2015
Deutsche Bank agreed to pay a $55 million penalty to settle the charges.
05/27/2015
Webb is accused alongside other named and unnamed officials as taking millions of dollars in bribes and kickbacks and being involved in the laundering of the cash through Cayman-based firms and local banks.
05/26/2015
First Libor defendant faces trial in London
Tom Hayes, who worked for Citigroup and UBS, will appear in court on Tuesday to face charges of conspiring to rig benchmark interest rates
05/26/2015
Switzerland Publishes Names Of Foreign Tax Evaders
Swiss banking secrecy originates from 1934, when a Federal Act on Banks and Savings Banks was introduced.
05/25/2015
Britain's home-grown tax haven: controversial 'non-doms'
One hallowed feature of Britain's finances is a tax break for individuals called "non-domiciled status."
05/25/2015
A WEALTHY Russian banker who died with traces of a lethal exotic plant in his body was poisoned in Paris in an international assassination, it is claimed.
05/25/2015
Barclays facing explosive allegations it engineered computer systems to rig financial markets
Last night experts said the allegations would ‘beg even more serious questions’ about these giants if they are proved to be true.
05/24/2015
Class-action cases expected to follow vast fines for manipulating currency benchmarks
05/24/2015
Finma, the Swiss watchdog, has implemented new rules preventing senior staff from working for a company they were responsible for overseeing within 12 months of leaving the regulator
05/24/2015
In the days before the Great Recession, the liberalisation of world trade seemed a certainty: now fears over ‘hot money’ and migration have changed the mood
05/22/2015
A source present at the FINRA hearing says Morgan Stanley could be on the hook for a $400 million loss: $100 million in compensatory damages, and an additional $300 million in punitive damages.
05/22/2015
An investigation is underway after the blunder by the island's tax body