Managers of Wealth

The Myth About Money Managers and Divorce

According to Wall Street lore, Citadel CEO Kenneth Griffin’s marital troubles should mean he’s a bad bet. That idea needs rethinking

British Virgin Islands issues updated FATCA Guidance Notes

The update reflects a number of developments since issue of the first version.

Italian voluntary disclosure – Issues likely to be faced by trustees with Italian resident settlors/beneficiaries and/or Italian assets

As previously reported, Italy has launched a voluntary disclosure programme along the lines of those already in existence in the UK and the US. The new disclosure facility will come to an end on 30 September 2015.

Trustee liability issues - offshore - A Discussion Paper by Vanessa Schrum, Appleby

This discussion paper was first distributed to attendees of the 11th Annual International Estate Planning Institute

Hodge calls for change to ‘non-dom’ rules

The meeting, which took evidence from Dave Hartnett, HMRC’s former permanent secretary for tax and Edward Troup, HMRC’s tax assurance commissioner, shed little additional light on the tax evasion scandal involving HSBC Suisse.

Despite Regulatory Advances, Experts Say Risk Remains a Danger to Large Banks

With all the new laws and regulations since the financial crisis, it would be easy to believe that the banking industry is safer

Australian regulator to look at UBS over changes to analyst's report

The Australian Securities and Investments Commission said its chairman, Greg Medcraft, had asked the investment bank to explain its decision to change its analyst report

Cape-based money manager accused as kingpin in offshore Ponzi scheme

He has been fingered as a mastermind behind a massive global Ponzi scheme run out of Mauritius.

China to reap Alibaba windfall as tightens up on tax

The total lock-up represents roughly 18 percent of Alibaba's shares, which if sold would fetch just over $37 billion at Friday's closing price.

International law firm adds one of Nation’s top private client lawyers

She Becomes Head of New Washington, D.C. Private Client Practice

Former ABN Amro executives claim $18m from RBS

Former ABN Amro Australia chief executive Angus James has won a legal case against the Royal Bank of Scotland for $2.9 million

Ex-Bank Of America Employee Embroiled In Ugly Custody Battle Over Cavalier Kings Spaniel

According to Goldberg, this has exactly zero to do with wanting anything to do with Kingston

Switzerland, EU tag team tax evasion

Bern and Brussels have clinched a deal to exhange bank account data in an effort to tackle tax fraud.

Banks to face criminal charges for allowing tax evasion

Financial services firms targeted in Budget crackdown

Tunisia Asks to Join HSBC Case to Get Embezzled Ben Ali Cash

Tunisia asked to join the Geneva prosecutor’s money-laundering case into HSBC Holdings Plc’s Swiss unit as a plaintiff in a bid to get back funds it says were embezzled by former dictator Zine El Abidine Ben Ali.

Client confidentiality will not disappear, assert Swiss banks

Swiss banks today asserted that "bank-client confidentiality" will not disappear and 'automatic information exchange' is not the only solution to the black money menace

Secrets ending for Swiss bank accounts

The Alpine nation was long reluctant to change its banking privacy laws

Credit Suisse Faces Italy Suit, Probe as Litigation Persists

Italian authorities are probing allegations of “unauthorized exercise of financial activity” and related offenses, according to the annual report.

Credit Suisse Faces Italy Suit, Probe as Litigation Persists

Italian authorities are probing allegations of “unauthorized exercise of financial activity” and related offenses, according to the annual report.

Citibank Sues Two Former Goldman Sachs Partners Over $29 Million Swiss Franc Margin Call

There is a lawsuit over a $29 million margin call that hit the joint family office of two former Goldman Sachs partners

Legal,Regulation,Tax & Compliance