09/16/2014
UBS Closed Secret Big Accounts, Class Claims
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
Belgium a 17b euro tax haven for France's richest entrepreneurs: report
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
Julius Baer contests claim over missing East German millions
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
Fears over tax loophole as Scottish independence could see thousands of wealthy people start claiming 'non-domicile' status
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
Swiss Minister’s offshore business to be re-investigated
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.
09/09/2014
The bank, Switzerland’s biggest, has been embroiled in tax evasion probes in Europe since it paid $780 million in 2009
09/09/2014
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.
09/08/2014
Invitees will range from the largest private client firms
09/08/2014
Allowances, also known as role-based pay, are a regularly adjustable part of employees’ pay packets.
09/07/2014
Accountancy firm Baker Tilly has warned online traders to ensure they declare earnings after a man was convicted earlier this week
09/07/2014
It also has committed to a full review of the methodology that resulted in the Cayman Islands being placed on the list.
09/07/2014
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.