05/20/2015
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.
Legal,Regulation,Tax & Compliance
05/19/2015
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.
05/19/2015
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.
05/18/2015
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.
05/15/2015
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
05/15/2015
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.
05/15/2015
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.
05/14/2015
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.
05/14/2015
Lionel Messi Tax Evasion Trial: Favoritism Or Targeting?
Some observers think Lionel Messi is getting easy treatment from Spanish officials.
05/14/2015
Former Credit Suisse Private Bankers Barred from Banking Industry
The Federal Reserve Board is barring five former private bankers and senior managers of Credit Suisse, AG, Zurich, Switzerland from employment in the banking industry.
05/14/2015
Bank employee accused of using her job to stalk ex-boyfriend
It's hard enough in this day and age to keep your credit card information safe, but imagine if a bank employee was using your credit card to track your every move.
05/13/2015
US House of Representatives votes to repeal estate tax
On 16 April the House of Representatives voted to repeal estate tax, currently 40% with a $5.5 million exemption for individuals and an $11 million exemption for couples.
05/13/2015
Guernsey: New International Tax Rules – Where Now For Hedge Funds?
Current international tax rules are based on principles that have not kept up with globalisation and the rise of the digital economy.
05/12/2015
Bank parents or main units seen pleading guilty over FX
The parent companies or main banking units of as many as five major banks, rather than their smaller subsidiaries, are expected to plead guilty to U.S. criminal charges over manipulation of foreign exchange rates
05/12/2015
Northern Trust Experts Take up Senior Committee Roles Supporting Principles for Responsible Investment
Appointments Underline Expertise in Environmental, Social and Governance Investing
05/12/2015
The new UK Government: what is the future for non-doms? by: Russell Cohen and Nicola Pomfret
It is also very likely that the new government will at some point increase the charge which non-doms who have lived in the UK for at least 7 years must pay to enjoy the remittance basis.
05/12/2015
U.S. Set to Rip Up UBS Libor Accord, Seek Conviction
The move by the U.S. would be a first for the industry, making good on a March threat by a senior Justice Department official to revoke such agreements and putting banks on notice that these accords can be unwound if misconduct continues.
05/11/2015
The Aftermath Of A Leak: What's Next in the HSBC Suisse Tax Evasion Saga?
JURIST Guest Columnist Shu-Yi Oei of Tulane University Law School discusses tax evasion investigations and possible criminal charges against HSBC's Swiss private banking unit...
05/11/2015
Second Swiss bank reaches deal under U.S. tax program
The program, launched in 2013, allows Swiss banks to avoid prosecution by disclosing cross-border activities that helped U.S. account holders conceal assets and income. Banks already under criminal investigation are excluded from the program.
05/11/2015
Family battles over B. B. King wealth
No evidence blues legend is being abused