09/18/2014
OECD pledges fresh offshore tax avoidance clampdown
A fresh crackdown on tax avoidance by global firms has been launched by an international watchdog
09/18/2014
A fresh crackdown on tax avoidance by global firms has been launched by an international watchdog
09/18/2014
UBS AG, the world’s biggest manager of money for the rich, has become the test case for French President Francois Hollande’s tax-evasion crackdown.
09/18/2014
Clients of UBS AG, Switzerland’s largest bank, have led a five-fold surge in the number of Canadian residents reporting hidden offshore income over the past eight years.
09/17/2014
Switzerland should strike accords with European governments to secure better access for the country’s asset and wealth managers to clients in their major markets, according to the Swiss Bankers Association.
09/17/2014
That certainly seemed to be the shared opinion of a panel of banking regulation experts, including two officials from the U.S. Securities and Exchange Commission, who spoke about tax compliance and money laundering at a conference Tuesday.
09/17/2014
The new offering is an extension of TMF Custom House's existing regulation and compliance offerings
09/17/2014
The country has reached withholding tax deals with Britain and Austria, under which nearly 30,000 Swiss account holders came forward last year to pay tax
09/16/2014
Swiss banking giant UBS converted billions of dollars for its own profit by improperly closing accounts of secret account-holders and refusing to provide records of it, the trust of a former president of the U.N. General Assembly claims in a federal clas
09/16/2014
“You are seeing stronger compliance and the banks themselves are being more risk-averse so they are making it harder to open accounts,” said Elise Donovan, head of the BVI office in Hong Kong responsible for Asia.
09/16/2014
France's wealthiest entrepreneurs hold around €17 billion (HK$168 billion) in neighbouring Belgium where taxes are lower
09/16/2014
As a result, the Financial Conduct Authority has concluded that Carron lacks honesty and integrity, fined him £300,000 and banned him from performing any function related to regulated activities in financial services.
09/16/2014
At the request of the G20 Leaders, the OECD’s work is based on a BEPS Action Plan setting out the 15 key elements to be addressed by 2015
09/15/2014
The Bank is contesting the claims of BvS and has taken measures to defend its interests. In addition, the claim has been notified under representations and warranties obtained from the Seller of Bank Cantrade Ltd. as per the respective transaction agreeme
09/14/2014
Scottish independence could see thousands of wealthy people start to claim ‘non-domicile’ tax status, experts predict.
09/14/2014
Legal disputes had dogged finder of SS Central America trove
09/12/2014
Americans living abroad are being cut off by banks and brokerages as financial institutions seek to steer clear of a U.S. crackdown on money laundering and tax evasion.
09/11/2014
That has now put Delaware, and other states that permit shell companies, in the sights of the US authorities, after they have campaigned against international tax havens like Switzerland to fight tax dodging and money laundering.
09/11/2014
The finance department has asked the FTA for support in the process.
09/11/2014
At a time when the wealth management sector is grappling with suitability, the issue of how to control conflicts of interest could not be more pertinent.
09/10/2014
He adds that the shortening timelines for delivery create issues, as do the clash of inconsistent definitions between separate regulations.