Managers of Wealth

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.

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.

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.

‘Constructive’ talks on US banks tax evasion row

Tensions between Swiss banks and the United States justice authorities should ease up in 2015

Four ways you can still hide your money

Wealthy Americans are running out of ways to hide their money

Court Orders U.S. Mint to Return Famed Coins to Family

Government confiscated Double Eagle gold coins from Langbord family in 2004

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

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.

Trouble in paradise

An international fraud investigation raises vexing questions

Portal for BVI FATCA Reporting Launches

The British Virgin Islands International Tax Authority (ITA) has launched its BVI Financial Account Reporting System (BVIFARS).

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

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.

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

Guernsey removed from Italian tax blacklist

The Italian Ministry of Finance has removed Guernsey from its revised tax blacklist

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.

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.

Deutsche Bank fined $8.4m by Dubai regulator

Those contraventions include misleading the DFSA, failures in DBDIFC's internal governance and systems and controls and in its client take-on and anti-money laundering processes.

The End of Swiss Tax Privileges for Holdings, Finance Branches, Principal and Mixed Companies

This newsletter describes the internationally accepted yet competitive implementation of the agreement with the European Union regarding the end of the above mentioned Swiss tax privileges.

Hollande heads to Switzerland to mend ties after tax squabbles

French presidents rarely pay a call to their Swiss counterparts

UK regulator hits BNY Mellon with record fine

The Custody Rules are there to protect safe custody assets if a firm becomes insolvent and to ensure those assets can be returned to clients as quickly and easily as possible. Each regulated firm is required to ensure they have adequate systems, controls

Legal,Regulation,Tax & Compliance