03/16/2015
Spanish Bank Seeks Creditor Protection After Withdrawals
U.S. accused its parent, Banca Privada d’Andorra, of money laundering.
Legal,Regulation,Tax & Compliance
03/16/2015
Govt withdrew HSBC tax evasion prosecution case
UK tax authorities withdrew a fourth case from the Crown Prosecution Service as it sought justice over alleged HSBC-aided tax evasion, despite telling MPs that just three files were passed to prosecutors.
03/15/2015
'Remuneration requirements for banks – a global comparative analysis' - Norton Rose Fulbright
This guide is the third in a series that Norton Rose Fulbright has produced on structural banking reform
03/15/2015
Hong Kong company Mei Invest linked to global art scandal, reports claim
A Swiss businessman at the centre of a global art scandal has alleged links to Hong Kong, China, HSBC and Swiss bank accounts, corporate searches and media reports reveal.
03/13/2015
Cayman Extends Local TIA Online Registration Deadline for Financial Institutions
It is understood that the reporting format will be consistent with the schemas currently published by the US Internal Revenue Service for US FATCA and those published by the OECD for the Common Reporting Standard.
03/13/2015
Jersey Tax Bulletin FATCA Update - Deloitte
HMRC announce changes to holding company and nil return requirements
03/13/2015
Elian launches ClientCheck - the comprehensive CDD outsourcing solution
ClientCheck has been developed to benefit a wide range of regulated businesses including accountants, asset managers, banks, fund managers, lawyers and trust companies. All types of CDD subjects are supported including individuals, partnerships, private c
03/13/2015
French prosecutor seeks trial in HSBC Swiss bank tax-dodging case
A French prosecutor has requested that HSBC's Swiss private bank be sent to trial to answer charges over a suspected tax-dodging scheme for wealthy customers
03/12/2015
Five Stone Tax Advisers Opens International Branch in Zurich, Switzerland
The full-service, U.S.-based tax firm opens Swiss branch to better serve clients with U.S. tax liability worldwide.
03/12/2015
ABN Amro fires six at Dubai office
ABN Amro Group NV has fired six employees at its private banking arm in Dubai after discovering they breached its code of conduct. The Dutch bank said Wednesday that the employees, four of whom were relationship managers, breached internal compliance rul
03/11/2015
Regulatory compliance and confidentiality are key considerations when choosing a legal representative
Regulatory compliance is the name of the game when it comes to the service provided by UBS.
03/11/2015
Vivienne Westwood Embroiled in Tax Avoidance Scandal
The designer allegedly donated £300,000 to the group, whose platform for governance is in opposition
03/11/2015
Spain takes over unit of Andorra bank in laundering probe
Spain's central bank has taken over a bank that caters to the rich following accusations by the United States that its Andorran owner was involved in laundering money for criminal groups from China, Russia and Venezuela.
03/10/2015
Mishcon, Latham and OC up against City elite as shortlists announced for 2015 Legal Business Awards
Clifford Chance, Mishcon de Reya, Osborne Clarke and DLA Piper are among those vying to win prizes at what promises to be the largest-ever Legal Business Awards.
03/10/2015
Information Technology Sector M&A Spotlight 2014 - Appleby
If there was a sector that truly dominated the headlines globally throughout the course of 2014 it was the Information Technology (IT) sector.
03/09/2015
Hagger defends NAB advice, brushes off independent review
Hagger rejected any comparisons to the Commonwealth Bank's recent advice scandal.
03/09/2015
Swiss banks drawn into Petrobras scandal
Documents released by a Brazilian court have outlined the alleged use of Swiss bank accounts for the payment of bribes in the Petrobras scandal
03/09/2015
Puerto Rico fights tax evasion as it seeks new revenue sources
Javier and Oscar Juelle failed to turn over $1.27 million in sales taxes they collected over four years
03/09/2015
Prime Minister Joseph Muscat confirms that government has Swiss Leaks list
He said investigations are under way as to the origins of the funds hidden by former ministers Ninu Zammit and Michael Falzon.
03/09/2015
Argentina demands HSBC repay $3.5bn in offshore funds
The head of Argentina's tax authority has demanded that HSBC repatriate $3.5bn in funds that it says HSBC helped its clients move offshore.