Managers of Wealth

UBS Ordered to Give Up $139 Million in Profit by Finma

Foreign-exchange related investigations resolved with FINMA, CFTC, FCA

New Russian tax law to clamp down on offshore tax schemes by Andrew Evans, Field Fisher Waterhouse

Russia is aiming to clamp down on the use of foreign offshore tax shelters in a new tax policy as part of President Putin's "deoffshorisation" campaign which was launched in 2012.

New Russian tax law to clamp down on offshore tax schemes by Andrew Evans, Field Fisher Waterhouse

Russia is aiming to clamp down on the use of foreign offshore tax shelters in a new tax policy as part of President Putin's "deoffshorisation" campaign which was launched in 2012.

PwC statement in response to media reports on tax advice in Luxembourg

The recent reports in the media on tax advice in Luxembourg co-ordinated by the International Consortium of Investigative Journalists (ICIJ) are based on partial, incomplete information dating back four years or more, which was illegally obtained.

Wife and ‘Wolf of Wall Street’-like hubby quickly settle divorce

The divorce that shocked Wall Street– between a former Ralph Lauren event planner and her coke- and Ecstasy-loving, sex-crazed banker hubby– quickly settled late Monday before the couple was due to make a public appearance in court on Wednesda

Grisly Hong Kong murders spark banker backlash

The women's brutal murders and the accusations against Jutting have touched a nerve, triggering criticism of privileged foreign workers in the city's famous finance industry.

Impact of FATCA on Cayman Islands Entities

This publication provides a brief overview of the expected impact on entities incorporated in the Cayman Islands

International law firm bolsters tax team with appointment of new London tax head

The firm has appointed established funds and real-estate tax lawyer Cathryn Vanderspar as the new head of its London tax team. Vanderspar joins the firm from Berwin Leighton Paisner, where she has been a tax partner for more than 16 years.

Fund managers advised to improve KYC on Russian clients

However, these sanctions also extend to high-net-worth individuals (HNWIs) which invest in traditional and alternative fund vehicles.

Credit Agricole says under investigation by Swiss competition authority

It said the interest rate derivatives activities, including on Euribor, of Swiss and other foreign banks were also under investigation.

Israel probes ‘millions of euros’ hidden in Switzerland

“Large Swiss banks are managing accounts belonging to thousands of Israelis holding millions of euros,” the authority said in an emailed statement Wednesday. “The suspicion is that most of the money in the accounts hasn’t been repo

Jersey Private Trust Companies

Private trust companies have been widely used in international structured finance transactions and are now used increasingly by high net-worth private clients.

Brazilian Banks Cut Secret Deal with Luxembourg to Save $90.2M in Tax

These legal secret deals feature complex financial structures designed to create drastic tax reductions.

Welcome to Luxembourg, where accountants outnumber the police by four to one

Grand Duchy advertises itself as ‘business-friendly’ haven amid leak showing it helped multinationals save millions in tax

UK FATCA Compliance for Investment Funds by Schulte Roth & Zabel

The United Kingdom has signed intergovernmental agreements (‘IGAs’) with its Crown Dependencies and Overseas Territories in order to improve compliance with UK tax laws, a regime often referred to as ‘UK FATCA’.

Israel arrested UBS adviser, 13 others, in tax evasion investigation

Israel arrested 14 people, including a senior UBS investment adviser, as part of an investigation into Israelis allegedly holding undisclosed bank accounts with UBS worth hundreds of millions of euros

Tax avoidance schemes: the balance between avoidance and evasion

. Almost on a daily basis hither to much loved pop stars and television personalities have been ‘ousted’ for investing in a tax avoidance scheme.

Ex-UBS Wealth Boss Acquittal Brings Relief for Many Swiss Bankers

Many of Switzerland's private bankers breathed a sigh of relief at the acquittal of Raoul Weil, the former head of wealth management at UBS, on charges of helping wealthy Americans dodge taxes.

Switzerland's First Tax Info Exchange Pacts To Take Effect

Switzerland's tax information exchange agreements (TIEAs) with Jersey, Guernsey, and the Isle of Man have entered into force and will be effective from January 1, 2015.

Swiss authorities agree to hand over non-HSBC details

Over the past few years, the Indian government has been dispatching a number of requests to the Swiss authorities arising from either search operations done by the Income Tax department or information received on holdings of Indians in Switzerland from th

Legal,Regulation,Tax & Compliance