12/30/2014
The former private client lawyer and partner of London-based Simmons & Simmons where acted for some of world’s wealthiest, said that when the top rate of tax came below 50 per cent, the tax take increased by 5 per cent.
12/30/2014
The SEC Division of Investment Management recently provided guidance on whether certain key employee trusts would qualify as family clients under the rule.
12/29/2014
The legal wrangling isn’t entirely over
12/29/2014
Cyprus has signed a Model 1 IGA containing a most favoured nation provision which provides that any more favourable terms negotiated under another country's IGA will automatically be applicable to Cyprus.
12/29/2014
In his annual Christmas messages to more than one billion Catholics, the Pope may have left out something: offshore account compliance.
12/29/2014
The "customer protection rule" at issue in FINRA's action is a mandate of the U.S. Securities and Exchange Commission.
12/29/2014
QROPS TV has published a new editorial on the new laws coming into effect around UK pensions and specifically how this affects Britons in the US looking to transfer their pension to a 401k.
12/28/2014
However the increased capital ratios that are coming into effect under the so-called Basel III regulations are still mostly based on a bank's internal model of calculating the risk of its activities.
12/24/2014
The consent order reveals that between June 1, 2007,and May 31, 2010, RBC entities executed 1,026 such transactions
12/23/2014
The Financial Conduct Authority has warned of a scammer pretending to be an authorised wealth manager and targeting investors in the UK.
12/23/2014
Two think-tanks are proposing that fund managers in London who do business outside the European Union should be able to negotiate an exemption from European regulation, illustrating the growing Euroscepticism among the UK’s fund management community
12/22/2014
Two directors of Connaught Asset Management have been disqualified as directors for a combined 16 years for allowing the misuse of up to £106 million in investment funds after an investigation by the Insolvency Service.
12/22/2014
However, Switzerland’s reputation has improved in Poland and in Britain over the past five years.
12/22/2014
The newspaper also said that in the past week there had been several raids on the unreported income of clients of Credit Suisse in NRW related to a tax CD that NRW authorities bought in 2012.
12/22/2014
The courtroom victory of the only Swiss banker to beat the U.S. in a trial over offshore tax evasion may embolden other indicted financial workers to leave a legal limbo some have occupied more than five years.
12/22/2014
Looking at the Crown Dependencies, Jersey saw a 6% increase over the previous half-year, while Guernsey saw something of a dip in the number of new company incorporations.
12/22/2014
Goodwin will have to trawl through hundreds of text messages and emails by order of the court, ahead of a court case against him and other RBS bosses due to take place in 2016
12/22/2014
The central bank also said its Deposit Insurance Agency, responsible for managing crisis-hit lenders, would take over interim supervision of Trust Bank as of Monday.
12/21/2014
Switzerland is introducing a negative interest rate on deposits held by lenders at its central bank, moving to hold down the value of the Swiss franc amid turmoil in global currency markets and expectations that deflation is at hand.
12/21/2014
Gold prices edged higher Thursday after Switzerland's central bank said it would introduce negative interest rates next year and as traders continued to adjust their outlook on US monetary policy.