02/25/2015
A country known for its clocks, chocolate and most importantly banks, the agreement by Switzerland’s government to share details of those super-secret bank accounts is one that will change the world at large
02/25/2015
The game changer in automatic exchange was the enactment of the Foreign Account Tax Compliance Act (FATCA) in 2010
02/24/2015
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
02/24/2015
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
02/24/2015
When aristocrats go to war over money
Novartis heir sues German nobleman and Rothschild bank
02/24/2015
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
02/24/2015
It also said the Commodity Futures Trading Commission had subpoenaed HSBC Bank USA for documents related to its precious metals trading.
02/24/2015
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.
02/23/2015
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
02/22/2015
Top executives at HSBC are being encouraged to waive their bonuses for the year, following allegations the bank abetted tax dodging clients.
02/20/2015
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.
02/20/2015
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
02/19/2015
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.
02/19/2015
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.
02/18/2015
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”.
02/18/2015
Wheatley said the regulator was “sympathetic” to the idea despite “all sorts of con-tractual issues”.
02/17/2015
The hefty payment followed charges of tax fraud in July.
02/17/2015
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.
02/17/2015
Muhammed Nisham, a multimillionaire tobacco tycoon, allegedly rammed his four-wheel drive car into security guard and thrashed him with iron rod
02/16/2015
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