07/16/2015
Ex-Barclays Team Denied Claims, Ordered to Pay Millions
The FINRA arbitration document does not detail the reason the men departed UBS.
Legal,Regulation,Tax & Compliance
07/16/2015
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
07/16/2015
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.”
07/16/2015
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.
07/16/2015
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
07/16/2015
HSBC Unit in the Cross Hairs of Saudi Regulator
Bank is being investigated over whether it inflated the valuation of a construction firm’s IPO
07/16/2015
Three Swiss Banks Agree to Pay $3.1 Million in U.S. Tax Program
Three more Swiss banks will pay penalties to the United States as part of deals that mean they will not face criminal charges for helping Americans avoid taxes.
07/15/2015
Deutsche Bank Inquiry Deepens as New York Seeks Moscow Memos
The formal request for information, which was sent last week, the person said, marks a deepening of the New York State Department of Financial Services’ probe into Deutsche Bank’s activities in Russia.
07/14/2015
Tax Inspectors Without Borders
OECD and UNDP to work with developing countries to make tax audits more effective
07/14/2015
Swiss FIFA corruption allegations grow, cast hosting of World Cups further into doubt
A Swiss probe into corruption allegations surrounding the next two World Cups has grown to include 81 acts of suspicious financial activity now under investigation, it has been announced.
07/14/2015
Brazil names 30 bankers in forex probe
Any individual found guilty of manipulating exchange rates could face multi-million pound fines
07/14/2015
DeVere conduct brought into question overseas
The DeVere Group Tokyo K.K. was added to the Japanese Financial Services Agency’s ‘cold calling’ investors alert list last week.
07/13/2015
Criminal Damages Case Dropped Against Billionaire's Wife
The wife of a billionaire entrepreneur has had a criminal damage case against her dropped due to lack of evidence.
07/13/2015
The Swiss Leaks
Bill Whitaker investigates the biggest leak in Swiss banking history and examines HSBC's business dealings with a collection of international outlaws
07/13/2015
$1 Million Reward Offered for Return of Ruby Slippers Stolen From Museum
Other ruby slippers worn by Judy Garland are in the Smithsonian Institution
07/12/2015
India, US sign FATCA to fight offshore tax evasion
Under the agreement, banks, mutual funds, insurance, pension and stock-broking firms will report their American client details to the tax department for sharing with the USA, said a finance ministry official, who declined to be named.
07/12/2015
Top Ten International Anti-Corruption Developments for June 2015
Weisman’s inconsistent testimony about his cooperation ultimately led to the somewhat unusual mid-trial guilty plea.
07/12/2015
Beanie Babies Billionaire Maker’s Probation Sentence Upheld in Tax Case
The district judge found Warner’s record of charity and benevolence ‘overwhelming
07/12/2015
Former FIFA Vice President Jeffrey Webb Agrees to Extradition to U.S.
Webb has been in Swiss custody but would be transported to the U.S. in the next 10 days
07/12/2015
Wealthy City investors sue finance firm Ingenious over film investments
Wealthy City investors are suing finance firm Ingenious along with banks Coutts and HSBC over the billion-pound film production schemes that Revenue & Customs has labelled tax avoidance vehicles.