Managers of Wealth

UBS Faces a New Tax-Evasion Probe

Authorities Investigate Whether Swiss Bank’s Clients Used ‘Bearer Securities’ to Hide Cash

Cyprus Citizenship By Investment The Most Attractive Program In Europe

Europe has long established itself as the most sought after region in terms of high net worth immigration, accounting for over half of the total number of global citizenship applications, with the Caribbean in second place, followed by North America in th

Swiss Federal Council Adopts International Tax Report

Switzerland must overcome numerous challenges regarding international financial and tax matters

Private-client specialist law firm in Singapore alliance

Singapore is without question the financial and legal centre of South East Asia and has the highest concentration of millionaire households in the world

Guernsey Tax Bulletin - Deloitte

Welcome to the January 2015 edition of the Guernsey Tax Bulletin, which provides an update on recent local and international tax issues relevant to Guernsey businesses and individuals.

UBS Bank Escapes From Class Action

A federal judge dismissed a class action claiming Swiss banking giant UBS made billions of dollars by improperly closing accounts of secret account-holders, including those of a former Indonesian vice president.

Julius Baer CEO confident of resolving U.S. tax case in 2015

The head of Julius Baer said on Monday he was confident the Swiss bank would resolve this year a U.S. probe for allegedly helping wealthy Americans to evade taxes with hidden offshore accounts.

Doctors, dentists and other middle class professionals targeted by the taxman as HMRC clamps down on 'mass affluent' tax dodgers

Many may have unwittingly underpaid their tax

HSBC Still Aiding Tax Fraud Even After Justice Department Settlement

Justice Department officials have defended deferred prosecution agreements

The former management of one of Europe’s biggest private banks has been found guilty of criminal breaches of trust

Three of the four men were told they could face prison sentences after being found guilty by Sabine Grobecker, presiding judge at Cologne regional court.

Sport Capital sues GFH for £33m over failed Leeds takeover bid

The Sport Capital group - a consortium featuring ex-Leeds managing director David Haigh and Andrew Flowers, MD of United shirt sponsor Enterprise Insurance - spent almost three months attempting to push the buy-out through but saw the deal fall apart in J

Liechtenstein declines to cooperate in ex-Catalan premier’s tax fraud case

Principality judge says no proof exists that money in Pujol’s alleged accounts is illegal

Banks face expensive US tax ‘holding pattern’

The programme ground to a halt last autumn after a row over small print with the Department of Justice (DoJ).

HSBC Said Ordered by Court to Share U.S. Data With Former Staff

The decision may have implications for thousands of bankers named in documents that U.S. authorities have received from wealth-management companies seeking to avoid prosecution.

UBS Financial Services Accused of Trust Fraud

The suit says that UBS breached its fiduciary duty to the beneficiaries by mismanaging the trust’s assets.

‘Absurd’ Mifid II bombshell could hit investment trust demand

The news that under MiFID II, the European Securities and Markets Authority intends to bring in additional requirements for the distribution of closed-end funds to retail investors, has been met with anger.

Dentons to Merge With Dacheng of China to Create World’s Largest Law Firm

The multinational law firm Dentons announced on Tuesday that it would merge with the Dacheng Law Offices of China, creating a firm with the world’s largest number of lawyers.

BNY Mellon May Face Bribery Charges Over Sovereign Wealth Funds: Filing

A case from the SEC would be the first to come from a long-running investigation into banks' dealings with sovereign wealth funds.

Fourth European Money Laundering Directive Published - Collas-Crill

Publicly available ultimate beneficial ownership registers appear to have been restricted to 'taxable' trusts in the EU's Fourth Money Laundering Directive.

New York billionaire sues Canadian designer for defamation amid Bahamas feud

Some environmental groups and residents have said the expansion may damage the surrounding ecosystem and beaches.

Legal,Regulation,Tax & Compliance