12/08/2014
The Guide, which was drafted by a working group of AIMA members, also reflects the greater degree of due diligence being conducted on prime brokers today and the evolution in the prime brokerage model since the financial crisis.
12/08/2014
This comes as a number of countries and global regulatory bodies introduce their own tax reporting standards in response to the Foreign Account Tax Compliance Act (FATCA).
12/08/2014
A former senior Chinese military officer was obsessed with gold and often ferried gold bars for bribes in a luxury car, a Hong Kong magazine reported on Monday, in connection with a graft case which investigators estimate is worth some $5 billion.
12/05/2014
Getting married is financially complicated, and getting remarried is even more so.
12/05/2014
We have decided that we cannot work with stolen data
12/05/2014
The Swiss government will cooperate with India on the black money issue if Indian authorities provide valid proof of tax evasion, but will not work with evidence obtained through 'fishing expeditions'
12/05/2014
UBS and Credit Suisse should be subject to a higher leverage ratio, the broadest of capital requirements, an expert panel said on Friday, but stopped short of laying out specifics for Switzerland's two largest banks.
12/04/2014
RBC Takes $15.8 Million Charge on Wealth-Management Business
Royal Bank of Canada, the country’s second-largest lender by assets, took an C$18 million charge in the fiscal fourth quarter tied to its wealth-management business.
12/03/2014
Buck, who hasn’t appeared in federal court in New York, asked for a bail package without leaving Switzerland, which doesn’t extradite its citizens for tax offenses.
12/03/2014
The law should be changed to put the ‘shameless’ £2billion tax avoidance industry out of business
12/02/2014
The Securities and Exchange Commission asked Scheindlin to order the Wylys to pay $329 million plus interest. Their lawyer estimated the total could be $700 million.
12/02/2014
The crackdown on wealth stashed in Switzerland has failed. Why? Because of a deal Britain cut with Liechtenstein
12/02/2014
The UK Government is committed to the exciting opportunities open to the space sector and the goal of raising the UK share of the projected £400 billion global space-enabled market to 10% by 2030.
12/02/2014
Under proposals being considered by HMRC, Britons with money stored in Swiss bank accounts face being hit with a 200% penalty in March 2016 if they do not declare it to the taxman.
12/02/2014
The IRS today released an advance version of Announcement 2014-38 containing jurisdictions that have been treated as if they have agreed “in substance” to a FATCA intergovernmental agreement (IGA), but that do not in fact sign the IGA before D
12/02/2014
Loreley sued UBS over what it said were four fraudulent CDOs, one of which was arranged by UBS “at the behest of” Magnetar Capital LLC, a hedge fund that had bet against the housing market and selected the collateral for the securities, accord
12/01/2014
A whistleblower who has helped Europeans recover billions in taxes
Investigations have lead to the creation of the so-called “Falciani List,” which contains the information of the suspected tax evaders.
12/01/2014
Slaughter and May and Latham & Watkins have scored the advisory roles on buyout firm Onex Corp's acquisition of Swiss packaging group SIG Combibloc Group for around €3.75bn
12/01/2014
Elian has launched a ground breaking app that provides a paperless alternative to certified true copies for individual client due diligence (CDD) purposes.
12/01/2014
Fatca is intended to stop Americans dodging taxes by hiding their wealth overseas, but it has proved controversial because it extends to all American passport holders, even those who have only a tenuous link to the US.