Managers of Wealth

SEC Votes to Propose New Asset Manager Reporting Rules

The proposal will "vastly improve the type and format of the information that funds provide to the commission and to investors"

Jersey's Place in the Modern Tax World

Uncharted Waters

Boutique law firm reinforces Private Wealth team

The Firm has been operating in the UAE since 2009.

Money Laundering Regulations make Cyprus equivalent jurisdiction

The change means that Cypriot service providers to Cayman Islands funds can now undertake anti-money laundering procedure functions

Rich pickings

Davis said high-net-worth individuals could also be targeted

Isle of Man Looks to Pull in the Crowds - Appleby

The Isle of Man Financial Supervision Commission (FSC) has issued a consultation in relation to proposals to create a specific regulatory regime to facilitate crowdfunding activity.

Adviser fraudster victim in HSBC compensation fight

However, HSBC is refusing to acknowledge the fraud

Cayman Islands based offshore law firm announces major expansion

The firm will also be expanding its global legal footprint to Bermuda, where it plans to open an office, becoming the first major international offshore firm to enter that market as a new entrant.

Extension of Deadlines: Cayman Islands FATCA Notification and Reporting

The TIA has issued a press statement confirming these dates are in line with the TIA’s soft approach to enforcement during the first year of FATCA compliance.

UBS fined $203 mn over LIBOR scandal but gets immunity on forex

The announcement comes as four other major banks are expected to fined billions of dollars for rigging the foreign exchange market in settlements with US and British regulators.

Barclays fined £284,432,000 for FX manipulation

Barclays has agreed to pay a combined total of £1,533 million (sterling equivalent). In common with other financial institutions announcing FX settlements today with the DOJ, Barclays has also agreed to plead guilty to a violation of US anti-trust l

The tricks used by 'coiled cobra' market-riggers

One rule-breaker said "if you ain't cheating, you ain't trying", while others used hand signals to cheat clients and fix financial markets

Banks Fined Nearly £4bn Over Exchange Abuses

Five major banks are forced to pay £3.7bn after a US investigation into the manipulation of the foreign exchange market.

Confidentiality concerns grow pre-global tax evasion push

Governments and tax partners need to work to ensure confidentiality is protected when new international tax transparency rules come into force in 2017, according to OECD director, Pascal Saint-Amans.

Actor sues French daily over Swiss bank claim

He has filed a defamation suit against French daily Le Monde over Swissleaks reports the US actor says incorrectly stated he owned a secret Swiss account, his lawyer said Monday.

Luxury Fashion Brands Accuse Alibaba of Profiting From Fakes

The owner of fashion brands Gucci and Yves Saint Laurent has accused Alibaba Group in a lawsuit of profiting from sales of counterfeit goods despite the Chinese e-commerce giant's pledge to combat the trade in fakes.

UBS and five other banks face class-action lawsuits for Forex fraud

he US Department of Justice (DOJ) is investigating UBS sold forex structured products

Fight against black money: Swiss get 1,500 help requests a yr

The issue assumes significance for India, as it has been probing various cases of people having allegedly stashed illicit funds in Swiss banks.

More FATCA Letters, As Swiss And Other Foreign Banks Crack Down

If you are American and have a non-U.S. bank account, chances are that you’ve received a letter from your bank asking for your tax details.

Morgan Stanley Fined $2 Million for Short-Selling Reporting Violations

FINRA also found that the firm's supervisory system was not reasonably designed to detect and prevent such violations.

Legal,Regulation,Tax & Compliance