Managers of Wealth

How tax transparency went global the new automatic exchange standard: from concept to reality

The game changer in automatic exchange was the enactment of the Foreign Account Tax Compliance Act (FATCA) in 2010

Knighted hedge fund manager embroiled in embezzlement probe

He is among four Scots accused of syphoning £400 million through the crashed Gibraltar-based hedge fund Heather Capital

New UK law could see bankers prosecuted for aiding tax evasion

Deal with France to allow UK use leaked HSBC files to pursue financial advisers

When aristocrats go to war over money

Novartis heir sues German nobleman and Rothschild bank

Swiss market regulator says unlikely to probe HSBC further

Switzerland's financial markets regulator FINMA is unlikely to look into possible wrongdoing at HSBC's Swiss private bank in the light of leaked information that was published this month

US launches probe into alleged gold rigging by banks

It also said the Commodity Futures Trading Commission had subpoenaed HSBC Bank USA for documents related to its precious metals trading.

Commerzbank raided over possible tax evasion

Tax investigators and police have raided commercial offices in Germany as they looked into allegations of large-scale tax evasion with regard to profits made in Luxembourg. Commerzbank was at the center of the searches.

The Quiet Man Who Made Big Trouble for Little Luxembourg

A Luxembourg judge, acting after a 2012 complaint by PwC, on Dec. 12 charged Deltour with theft

HSBC under pressure to lower bonuses following tax dodging inquiry

Top executives at HSBC are being encouraged to waive their bonuses for the year, following allegations the bank abetted tax dodging clients.

Definition of the Russian tax residency for individuals - potential changes? - Withers

Specifically, it can have severe effect on individuals, who in 2015 adopted the strategy of ceasing tax residency in Russia to avoid disclosure and taxation in accordance with the new Russian Controlled Foreign Companies regime.

Deutsche Bank Fined $857,000 in South Africa for Rules Breaches

The central bank, which also acts as the country’s bank supervisor, cited “deficiencies” in how Frankfurt-based Deutsche Bank identified and verified customer details, according to a statement on the South African Reserve Bank’s we

AEOI: tax reporting doesn’t have to be taxing – by Colin Camp, Dion Global

With so much attention on FATCA in recent times, the financial services industry could be forgiven for seeing it as the most obtrusive regulation ever imposed.

Wegelin Bankers Face Obstruction Charges in U.S. Tax Case

Three Swiss bankers accused in 2012 of helping Americans hide more than $1.2 billion from the U.S. Internal Revenue Service face new charges of obstructing the agency from collecting taxes on undeclared accounts.

FCA slams asset managers for poor market abuse controls

The FCA said asset managers “need to pay more attention to the possibility of receiving inside information through all aspects of the investment process and take steps to manage this risk”.

FCA may force bankers to hand back basic pay if found guilty

Wheatley said the regulator was “sympathetic” to the idea despite “all sorts of con-tractual issues”.

France issues warrants for three UBS managers in tax fraud case

The hefty payment followed charges of tax fraud in July.

Cypriots with deposits abroad have paid €7.5m tax

Tax Commissioner Yiannakis Lazarou told MPs that between 2006 and 2012, authorities found 3,353 Cypriots with deposits abroad, taxing them €7.5 million in total.

Indian tycoon charged with murder after security guard 'took too long to open gate'

Muhammed Nisham, a multimillionaire tobacco tycoon, allegedly rammed his four-wheel drive car into security guard and thrashed him with iron rod

HSBC helps around 6,000 rich French lawyers dodge taxes

International banking giant HSBC helped around 6,000 rich French lawyers, artists, businessmen and even a World Cup winner dodge taxes, new explosive reports claim

Bank Hackers Steal Millions via Malware

The bank’s internal computers, used by employees who process daily transfers and conduct bookkeeping, had been penetrated by malware that allowed cybercriminals

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