Managers of Wealth

Expats Left Frustrated as Banks Cut Services Abroad

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.

US tax haven Delaware under pressure

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.

Swiss Minister’s offshore business to be re-investigated

The finance department has asked the FTA for support in the process.

What lies at the heart of FCA's in-house fund review?

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.

MiFID II still worrying UK wealth managers

He adds that the shortening timelines for delivery create issues, as do the clash of inconsistent definitions between separate regulations.

UBS Asks French Court to Overturn $1.4 Billion Bail in Tax Probe

The bank, Switzerland’s biggest, has been embroiled in tax evasion probes in Europe since it paid $780 million in 2009

Prison sentence for Cayman investment adviser

After they agreed to assist undercover U.S. Internal Revenue Service investigators in laundering purported criminal proceeds through an offshore structure designed to conceal the true owners of the funds.

FCA in new conduct risk push for wealth management firms

Invitees will range from the largest private client firms

EU Banks Sidestepping Bonus Limits Face Regulatory Crackdown

Allowances, also known as role-based pay, are a regularly adjustable part of employees’ pay packets.

Baker Tilly warns online traders

Accountancy firm Baker Tilly has warned online traders to ensure they declare earnings after a man was convicted earlier this week

FCA Pulls List; Commits to Thorough Review of Methodology

It also has committed to a full review of the methodology that resulted in the Cayman Islands being placed on the list.

Swiss banks now learn to shape up

Switzerland's allure as a place to stash cash has been badly damaged by a US-led campaign against tax cheats, and the country’s roughly 140 private banks can no longer rely on a reputation for secrecy to attract wealthy customers.

Sudden Wealth From a Legal Settlement?

First, let's define a Life Event. A life event is a significant event that is either expected or a complete surprise that will change your life.

New Cyprus decrees issued - Harneys

Relaxation of Restrictive Measures for Branches and Subsidiaries of Foreign Banks (Decree No 24)

New Cyprus decrees issued - Harneys

Relaxation of Restrictive Measures for Branches and Subsidiaries of Foreign Banks (Decree No 24)

Film Says Corporate Tax Avoidance Clouding Modern States

While the practice of corporate “inversion” may be generating headlines in the business world, a new documentary argues the larger issue of tax avoidance has become a major subversion of the global order.

Expats could cut UK financial ties

Under current rules, expats are able to offset income earned in Britain against tax.

Dutch Banking Tax Study Flawed, Says ABN AMRO

Dutch bank ABN AMRO has criticized a new report, The Fair Banking Guide, published by the Dutch BankWiser after an investigation into international tax avoidance in the Dutch banking sector.

Credit Suisse Conducts Internal Probe Into Alleged Trader Misconduct

According to people familiar with the probe, in the latest example of a major bank uncovering potential problems as it sifts through employees' electronic communications.

Swiss watchdog investigates Espirito Santo private bank

The Swiss financial regulator is probing the role played by Banque Privee Espirito Santo SA’s owners and whether the lender breached rules in selling investments linked to the Portuguese financial group.

Legal,Regulation,Tax & Compliance