04/14/2015
Swiss Banks Preach Transparency in U.S. Tax Evasion Endgame
Customers are being asked to prove they have paid any taxes due, according to a dozen lawyers for banks or their customers.
Legal,Regulation,Tax & Compliance
04/13/2015
Finding the IBOR That Fits Your Institution’s Needs
In searching for an Investment Book of Record (IBOR), financial institutions (FIs) need a solution built to address the need to record, process and distribute investment data in the different views required by stakeholders.
04/12/2015
Fiduciary foes are spitting into the wind
New regulations aside, megatrends will demand that advisers align themselves with clients
04/10/2015
Billionaires Bacon, Nygård Trade Nasty Allegations In Bahamas Spat
The battle of the billionaires over a spit of land in the exclusive Bahamas enclave of Lyford Cay heated up again as hedge-fund manager Louis Bacon traded accusations with Canadian clothing magnate Peter Nygård over who is the most obnoxious neighbo
04/10/2015
Swiss Banking Whistleblowers to Appear at Offshore Banking Conference
The Wall Street Journal reports that Swiss bank whistleblowers Bradley Birkenfeld and Hervé Falciani are schedule to take part in a panel discussion at the OffshoreAlert Conference in Miami Beach May 3-5.
04/10/2015
10 Notorious Tax Cheats
In 2002, after UBS signed up for a program that required it to share more information on U.S. depositors with U.S. authorities, he went to Europe again to move his funds to a Swiss bank with fewer U.S. ties, this time holding it in the name of a Liechten
04/09/2015
US official: 'Stay tuned' for more Swiss bank deals over tax evasion
As a result of leads from banks involved in the voluntary disclosure program
04/09/2015
Fund managers pose threat to global financial stability, says IMF
International Monetary Fund says delegating investment decisions to large asset managers, as many savers do, can ‘induce destabilising behaviour’
04/09/2015
If Labour is serious about tax avoidance then why are they only going after non-doms?
Compared to non-residents, they barely even register on the scale
04/09/2015
France imposes Euro-1 bn bail on HSBC; begin formal probe
France is the latest nation to investigate activities at HSBC's Swiss private bank amid new allegations surrounding tax affairs.
04/08/2015
High-flying banker nicknamed 'Crazy Miss Cokehead' by bullying male colleagues is awarded £3.2million compensation for harassment
A high-flying banker nicknamed 'Crazy Miss Cokehead' and 'Miss Bonkers' by bullying male colleagues has been awarded £3.2 million for sexual harassment
04/08/2015
Bank execs challenge Dutch society on salary bonuses
A Tweede Kamer hearing about remuneration in the financial sector became confrontational between MPs and three major companies’ executives
04/08/2015
Argentina Lawmakers receive full list of HSBC Swiss tax evaders
Vanoli, account holders will be called to testify
04/08/2015
Judge orders Prince Andrew sex allegations struck from court record
Virginia Roberts’s accusations about Andrew ordered to be struck from the record as judge denied her attempt to join a lawsuit against Jeffrey Epstein
04/08/2015
Non-dom capital gains tax comes into effect
Changes may prompt high-net worth individuals to reconsider their property investment plans
04/07/2015
Securities Commission of The Bahamas Signs Additional AIFMD MoUs
The Securities Commission of The Bahamas has signed Memoranda of Understanding (MoUs) under the European Union's (EU) Alternative Investment Fund Managers Directive (AIFMD) with the securities regulators of Cyprus, Austria and Spain.
04/07/2015
That line about death and taxes?
Tax Season & IRS Cutbacks Bring More Headaches for Expats
04/07/2015
Gov’t clears Citibank to continue operating
Bank will still challenge in court last week’s decision to suspend local CEO after NML deal
04/06/2015
Swiss ups vigil as India threatens criminal action
Switzerland has been making efforts to strengthen its bilateral cooperation with India and some other countries on tax matters, as many Swiss banks are finding themselves in regulatory crosshairs in multiple jurisdictions.
04/02/2015
Caribbean tax haven resists UK pressure for company register
The government of the British Virgin Islands said it has no plans to establish a central register of true company owners, despite pressure from Britain to adopt the anti-money laundering and tax evasion measure.