Managers of Wealth

Gold may be the new Swiss bank: $1 mn of black money = 25 kg of gold

The government is said to be mulling curbs on imports of gold after witnessing two consecutive months of surge in September and October.

IRS Loses 'Lavish Spending Is Tax Evasion' Case, Big Spenders Rejoice

Electronic Arts founder Trip Hawkins may be feeling pretty good too after his court victory.

Developing countries to play greater role in OECD/G20 efforts to curb corporate tax avoidance

The BEPS Project aims to create a coherent set of international tax rules to end the erosion of national tax bases and the artificial shifting of profits to jurisdictions solely to avoid paying tax.

U.S. Tax Update - Practical Aspects For Investment Funds - Deloitte

We are hosting a breakfast briefing on Friday 21 November covering key US tax topics and developments of which investment managers and other corporate service providers should be aware, including the US political environment and other changes to which the

High Court boosts financial services employers’ efforts to protect businesses By Kathryn Rowe, Associate, Appleby

The High Court of Justice of England and Wales (High Court) handed down two decisions earlier this year which gave employers increased confidence that the courts recognise their genuine attempts to protect their businesses.

Burman's Swiss account had money from unknown entities where he was director

In a fascinating revelation that raises more questions than it answers, former Dabur group director Pradip Burman provided several details of his involvement in opening, maintenance and subsequent closure of accounts in HSBC Zurich

Performance Measurement No Longer Exists in a Vacuum - DST Global Solutions

Investment Management is operating in a world of more – more regulation, more transparency, more meaningful investment information and more control.

FCA fines five banks £1.1 billion for FX failings

The G10 spot FX market is a systemically important financial market. At the heart of today’s action is our finding that the failings at these Banks undermine confidence in the UK financial system and put its integrity at risk.

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.

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