04/22/2015
British man held over £500bn Wall Street 'flash crash'
The CFTC Complaint charges the Defendants with unlawfully manipulating, attempting to manipulate, and spoofing — all with regard to the E-mini S&P 500 near month futures contract
Legal,Regulation,Tax & Compliance
04/22/2015
FCA fines Merrill Lynch Intl £13m for misconduct
The size of the fine – the highest imposed for transaction reporting failures to date - reflects the severity of MLI’s misconduct, failure
04/21/2015
BlackRock to pay $12 mln in SEC conflict of interest case
A top senior compliance officer at BlackRock Advisors at the time, Bartholomew Battista, agreed to a related $60,000 penalty, the SEC said.
04/21/2015
Appleby Aviation Update
Bringing together the wealth of experience and diverse skills of our legal and fiduciary teams around the world.
04/20/2015
Offshore accounts case: HSBC account holders fear attachment of their assets
April is turning out to be the cruellest month for HSBC Geneva account-holders in India.
04/20/2015
Court order for rich husbands to share wealth with ex-wives
Rich husbands who split from their wives cannot expect to retain the lion’s share of the matrimonial assets because of any special skill in amassing great wealth, following a long-awaited Family Court ruling.
04/20/2015
Britain's bank tax jump threatens to push HSBC, StanChart to new home
HSBC and Standard Chartered are looking at the viability of quitting London for a new home in Asia because a big jump in a tax on UK banks makes staying in Britain increasingly painful.
04/20/2015
‘Constructive’ talks on US banks tax evasion row
Tensions between Swiss banks and the United States justice authorities should ease up in 2015
04/20/2015
Four ways you can still hide your money
Wealthy Americans are running out of ways to hide their money
04/20/2015
Court Orders U.S. Mint to Return Famed Coins to Family
Government confiscated Double Eagle gold coins from Langbord family in 2004
04/17/2015
While Swiss bankers indicted in U.S. tax-evasion probe remain at large, whistleblower went to jail
The whistleblower who helped the Justice Department in its probe ended up going to jail for more than two years
04/17/2015
SEC Charges Former J.P. Morgan Advisor With Looting $20M From Customers
The Securities and Exchange Commission has charged a former investment advisor at J.P. Morgan Securities with stealing at least $20 million from customers to fund his own brokerage accounts in a scheme that spanned more than three years.
04/17/2015
Trouble in paradise
An international fraud investigation raises vexing questions
04/17/2015
Portal for BVI FATCA Reporting Launches
The British Virgin Islands International Tax Authority (ITA) has launched its BVI Financial Account Reporting System (BVIFARS).
04/17/2015
Boston investment adviser must pay couple $48.5 million -ruling
The sole arbitrator in the case ruled that the firm and Weiss breached their fiduciary duty to the Sutows
04/17/2015
Foreign Banks and Bankers Face New Risks From Swiss Bank Amnesty
The DOJ and the Internal Revenue Service have vowed to “follow the money” in pursuit of additional investigations of both banks and individuals.
04/16/2015
Four Ways Rich People Can Still Hide Their Money
The Swiss bank account is no longer so secret, but there are other ways to keep assets away from prying eyes
04/16/2015
Guernsey removed from Italian tax blacklist
The Italian Ministry of Finance has removed Guernsey from its revised tax blacklist
04/15/2015
US targets tax evaders in Asia with HK investigators
The stationing of US tax investigators in its Hong Kong consulate signals that America's hunt for taxation evaders has moved to Asia, following years of probes and fines in Europe.
04/15/2015
Appleby Snapshot: Full Year Report on 2014 Petition Filings & Orders
The latest Appleby report which provides a snapshot of data in relation to petition filings and resultant court orders in six of our offshore jurisdictions.