Managers of Wealth

Ropes & Gray Names 20 New Partners in Eight Offices Worldwide

Ropes & Gray proudly announces that 20 attorneys have been named partners of the firm, effective November 1. In addition, the firm named two attorneys as counsel.

Banker Beats Israeli Account Tax Fraud Charges At Trial

The acquittal was a setback in the seven-year, U.S. campaign to curtail offshore tax evasion.

Offshore firms: in the zone

London is an increasingly important hub for offshore law firms, which are winning business from City-based financial institutions, and clients in Russia, western Europe and sub-Saharan Africa.

Feuding tycoons stunt Philippine infrastructure

Caught in the middle are 22.7 million people who live and work in metro Manila, where inadequate infrastructure and recurring flooding produce gridlock and stunt the economy.

Law firms unite to create major wealth management force

The combination creates a top-30 UK law firm that combines a pre-eminent private wealth practice with a significant business law capability.

Wall Street firm tests entire department for drugs

$7m-a-year investment banker stands accused of forcing his wife to binge on cocaine then have sex with a potential client in foursome at the Ritz

High-flying British banker arrested after two sex workers found dead

The 29-year-old who works for a top bank was arrested after the two women were discovered in a luxury apartment building

Tougher disclosure rules for offshore accounts held by 'non-doms' once single tax reporting standard in force

Jason Collins of Pinsent Masons, the law firm behind Out-Law.com, was commenting as 51 countries signed an agreement that will activate the Common Reporting Standard for automatic exchange of financial account information in tax matters

Saudi Sheikh launches $10bn lawsuit against Barclays over banking licence fraud

Claims Barclays 'hatched a fraudulent' scheme

Swiss Financial Regulator Pledges Crackdown on Individuals

Switzerland’s financial services watchdog pledged to crack down on individuals suspected of misconduct, abandoning what the regulator has called a historical “reluctance” to target people rather than institutions.

Dubai court orders Swiss Private Bank to pay $10.45 mln to members of Kuwait's wealthy Khorafi family

A judgement accompanying the award said that the defendants falsified accounts.

Black money case fallout: India pulls out of multilateral information sharing agreement

Government sources said that India was unable to sign the pact as there was uncertainty about disclosures and lack of clarity

Retired City banker stole £5m from parishioners to fund gambling habit and told one victim: God said I should call you

The married father of three, a former magistrate, has now been jailed for six years

The Financing of Corporate and Private Aircraft

Some Cayman Islands Considerations

Hedge fund manager 'disappears' after bank mistakenly wired $1.5 million into his account

Joseph B. Galbraith received $1.5 million from Credit Suisse in January

Trial of former UBS executive dredges up Swiss banks' shady past

Weil's main defense has been that these efforts were done by people below him

Major new steps to boost international cooperation against tax evasion - OECD

A status report on committed and not committed jurisdictions will be presented to G20 leaders during their annual summit in Brisbane, Australia on November 15-16.

Gilbratar Joins Landmark Tax Transparency Drive

Gibraltar will today sign an international agreement with at least 45 other countries to swap tax information automatically with each other from 2017.

Bank-Data Sharing Accord Expands Push to Find Tax Cheats

The accord to be signed by finance ministers in Berlin today signals global determination by governments to capture tax revenue after the U.S. pursued banks such as Credit Suisse for helping Americans cheat on their taxes and German authorities bought CDs

Narendra Modi Government Submits 'Black Money' List With Over 600 Names To Top Indian Court

Several activists have alleged that the income derived from India’s flourishing black money economy is used to fund election campaigns of a number of politicians.

Legal,Regulation,Tax & Compliance