Managers of Wealth

Swiss banks trying to distance from dodgy Indian clients

The challenge for these customers is to move the money to some other destination without leaving a trail

Bankers Face Bans on Buying Clients Shots, Bottle Service

Banks in London are expanding curbs on entertainment, with some adding bans on buying clients shots and expensing pricey bottle services for tables at nightclubs.

HSBC attacks 'retrograde' EU bonus cap

Douglas Flint, the chairman of Europe's biggest bank, says restrictions on pay are hitting banking industry and making it difficult to hire top talent

Italy, Switzerland DTA Talks Proceeding, Despite Problems

Italy has also taken a tough line in that the DTA should not offer provisions that would establish a tax amnesty. Italy is seeking payment of any unpaid taxes on Italian taxpayers' assets in Switzerland and transparency about account-holders' id

EU fines JPMorgan, UBS, Credit Suisse total US$120m

Antitrust: Commission settles cartel on bid-ask spreads charged on Swiss Franc interest rate derivatives; fines four major banks € 32.3 million

Tighter Grip Needed On Switzerland’s Gold?

Conservative politicians want to compel Switzerland’s central bank to hold at least 20% of its assets in gold it could never sell. For those opposed, the initiative would hobble the bank’s operations and harm the economy.

Augentius Approved as Luxembourg Depositary

Augentius has received authorisation from the Ministère des Finances, Luxembourg to act as an authorised depositary to private equity and real estate funds in accordance with the Alternative Investment Fund Managers Directive (AIFMD).

International law firm to open Dubai branch

With offices in Geneva, Lausanne, Luxembourg, Paris, and Shanghai,

Switzerland, EU Finalize Agreement On Corporate Tax Reform

Switzerland and member states of the European Union have signed a joint statement that reaffirms Switzerland's commitment to abolish contested corporation tax regimes and EU member states' pledge to lift countermeasures.

New York High-Speed Trading Firm Settles SEC Charges Over Manipulation

“When high frequency traders cross the line and engage in fraud we will pursue them as we do with anyone who manipulates the markets,” said SEC Chair Mary Jo White.

Clawback - the taxman’s growing reach

It was George Harrison’s astonishment at the amount of tax he was paying that prompted him to pen The Beatles’ song “Taxman” almost 50 years ago.

First announcement released as to how multinational companies should be taxed by Rebecca Reading, Baker Tilly

The OECD 2014 BEPS Action Plan has plenty of food for thought…

Latest AIFM research launched at Crestbridge forum

Launched at a special Crestbridge Forum, attended by over 100 highly influential fund sector specialists in Luxembourg on Thursday 2 October, the IFI Global ‘Impact of AIFMD’ report examined opinions on the impact of the introduction of the Di

Top Indian tax team heads to Switzerland

India has been asking Switzerland to cooperate in these cases under obligations of the bilateral Double Taxation Avoidance Agreement

UBS to pay $5.2 mln in settlement with Puerto Rico regulator

A UBS AG unit will pay $5.2 million in a settlement with Puerto Rico's financial institutions regulator over the firm's practices involving sales of Puerto Rico closed-end bond funds whose values later plunged.

Ex-UBS Banker Gives Florida Jury Primer on Swiss Bank Secrecy

We knew from the way the accounts were set up that the majority of these 15,000 clients were cheating on the taxes,” said Schumacher

Monaco joins fight against tax dodgers

The Principality of Monaco, a known tax haven, delighted its larger European neighbors when it announced its commitment to fight tax dodgers after becoming the 84th jurisdiction to participate in the Multilateral Convention on Mutual Administrative Assist

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