Managers of Wealth

No HSBC account holders took tax amnesty offers

The document will not name any of the individuals for legal reasons and because it remains unclear whether all or some of those involved broke the law.

Was Bank Leumi too hasty in revealing U.S. clients' info to the IRS?

There is a direct line connecting the disclosure of the identities of 6,200 Israelis with Swiss bank accounts

Regulator Targets Canada’s CIBC

Risk management faulted at Canadian Imperial Bank of Commerce; bank warned on acquisitions

Assessing the evolution of the Swiss funds industry

Switzerland is already one of the most liberal and transparent fund markets in Europe

The Common Reporting Standard: CRS brings the walls tumbling down By Nel Schoeman, Associate, Maitland

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

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”.

Legal,Regulation,Tax & Compliance