05/08/2015
British banker set for H.K. trial after hinting not guilty plea
The case is now committed for trial at the High Court, Wan said, without giving a specific date.
Legal,Regulation,Tax & Compliance
05/07/2015
Estimating the illicit funds in global tax havens
These illustrations show how the economic crisis of 2008 was a catalyst for going after tax havens by developed economies.
05/07/2015
Falciani: all banks help evade taxes
“The higher compensation people get for helping justice, the greater the pressure cheaters will have. It’s important to know people can gain a lot more by helping instead of cheating.”
05/06/2015
Shanghai Enacts Curbs on Business Dealings of Officials’ Relatives
The new rules, announced on Tuesday, bar the spouses of senior officials in the sprawling metropolis of more than 23 million from going into private business.
05/06/2015
JPMorgan Says U.S. Probing Asset Unit in Sale of Own Funds
JPMorgan Chase & Co. received subpoenas and inquiries from the U.S. Securities and Exchange Commission and other regulators about how it sells its own mutual funds and other proprietary products.
05/06/2015
Two Approaches to Ponzi Fraud Treatment — Which is Right?
In a recent article published by Law360, Peter McMaster QC of Appleby (Cayman) Limited discusses approaches to investor redress when an investment fund becomes a Ponzi scheme.
05/06/2015
BNP Paribas unit probed in France over Swiss franc loans
A unit of French bank BNP Paribas has been put under investigation in France for misleading marketing of loans in Swiss francs
05/05/2015
French-Italian whistle-blower's Open Letter to Prime Minister Narendra Modi
Increase transparency and focus on big corporations that exploit faulty banking mechanism to stash wealth abroad.
05/05/2015
Barclays’ Lehman deal will go ahead
Barclays originally won approval to buy the brokerage business in September 2008
05/05/2015
UK Supreme Court to hear HMRC case on bank bonuses
The UK’s highest court is to hear an appeal by HM Revenue & Customs over two offshore schemes designed to avoid paying tax on bankers’ bonuses
05/05/2015
Foreign businessmen and lawyers facing 48 years in prison for tax evasion
Group of wealthy expats facing prison for failing to declare property purchases in Marbella
05/05/2015
UBS in advanced talks with DOJ over forex as earnings surge
Regulators have already fined six major banks including UBS a total of US$4.3 billion
05/05/2015
HSBC Judge Seeks More Information About Sanctions Compliance
The government and HSBC seek 30 days to comply, saying they may need to request that the report be filed under seal, or with redactions.
05/04/2015
Aberdeen launches India tax claim
Aberdeen’s challenge will be watched closely by hundreds of other funds operating in India, who were alarmed by remarks last month from Arun Jaitley, finance minister, that India would seek to raise as much as $6.4bn by levying MAT on foreign invest
05/04/2015
Belvedere update: Mauritius FSC suspends Belvedere’s management licence
Cites failure to comply with the law
05/01/2015
Will FCA overturn independence rules as MiFID II looms?
The regulator is consulting on ditching the independence standard in light of incoming MiFID II rules
04/30/2015
China Construction Bank Looks to Switzerland
China Construction Bank has officially applied for a banking license in Switzerland
04/30/2015
SEC Proposes Rules on Executive Pay and Performance
Rules Would Provide Greater Transparency and Better Inform Shareholders
04/30/2015
Going mainstream: Barclays breaks ground to forge first contract lawyer panel
After establishing a global two-tier panel last year, Barclays has launched a procurement process to formalise its flexible resourcing usage and establish its first contract-lawyer only panel.
04/30/2015
Why did this former UBS banker get $104m ?
Ex-banker and whistleblower Bradley Birkenfeld tells how he came to be the man who ended the tradition of bank secrecy and got rich in the process.