10/14/2014
100 Swiss Banks Get Ultimatum: Hand Over Americans Or Face U.S. Prosecution
Since 2009, the U.S. has had unprecedented success with ferreting out offshore accounts. It started in 2008 with key court victories against UBS.
Legal,Regulation,Tax & Compliance
10/14/2014
Former UBS banker fined in Switzerland for handing data to U.S.
A former banker at Switzerland's biggest bank, UBS, has been found guilty of handing over protected Swiss bank account data to the United States, according to a penalty order issued by the Swiss prosecutors' office.
10/14/2014
Italy and Swiss ministers clash over failure to reach tax accord
Italian and Swiss ministers clashed on Monday over the failure to reach an agreement aimed at fighting tax evasion that foresees Switzerland opening up its bank databases to Italian tax authorities.
10/14/2014
Foreign investment regulation - Trends in south east Asia
The Government has also increased its public commentary regarding its desire to ensure that the PNG national interest is protected and promoted.
10/14/2014
Encouraging Enforcement: Moving towards a concerted international effort to see anti corruption laws enforced
There is a renewed enthusiasm in the international community to develop effective and co-operative anticorruption enforcement methods. Companies should consider how this will affect their business and where necessary, review the corporate responsibility p
10/14/2014
Baker & McKenzie Appoints Two Mexico Partners to Lead Global Practice and Industry Groups
The announcement was made as part of the leaderships changes at the Firm's Annual Meeting, held last week in London.
10/14/2014
A Popular Irish Corporate Tax Loophole Is Now Dead — Here Are Three Other Loopholes
The Irish have officially killed the much-loved corporate tax loophole known as the "Double Irish."
10/13/2014
Former UBS high-flier set for US tax fraud trial
A former top-level UBS banker will stand trial in the United States this week accused of helping rich Americans evade millions of dollars in taxes.
10/13/2014
Global Shell Games: Testing Money Launderers
The researchers could not find a single example of one company service provider in the Cayman Islands willing to set up an anonymous company but by contrast, it was easy to find a service provider in the UK who would do that.
10/12/2014
Former IRS Chief, Taxpayer Advocate Criticize FATCA
This week brings a wealth of news in the FATCA arena, which we summarize in today’s post.
10/12/2014
Managing the Requirements - and Costs - of Regulatory Reporting By: Tom Kirkpatrick, SS&C
The increase in regulatory reporting requirements has become a major challenge for many investment managers.
10/11/2014
'Internationalisation' is the word of the moment in private client circles
The continued developments in the market have prompted law firms to reinvent themselves with a clear strategic objective of the clients they are pursuing and the segment of the market in which they wish to compete.
10/10/2014
Establishment of the Charities Regulatory Authority - Matheson
Many of the provisions of the Act, which was enacted in 2009, have not yet been commenced.
10/09/2014
French PM says millionaires' tax won't be renewed
Also today: why World Bank staff are happy a senior executive is giving up his bonus.
10/09/2014
End of Swiss banking secrecy in sight by 2018
Long the bedrock of the Swiss financial sector, banking secrecy has come under mounting pressure since the global financial crisis.
10/09/2014
Global law firm establishes presence South Africa
Johannesburg has become a key hub for local and international banks
10/09/2014
Who’s getting the beach house? Tell your heirs now
Many Americans find out about their inheritance only after their parents have died. But as the country gears up for the greatest wealth transfer in U.S. history, experts are urging more transparency around the often-taboo topic of who gets what.
10/09/2014
Switzerland says will begin talks with EU on sharing bank data soon
Switzerland will begin negotiations soon with the European Union and some other countries on automatically sharing data on Swiss bank accounts held by foreigners
10/08/2014
Global Banks Face 25% Loss-Absorbency Rule in FSB Plan
The largest global banks will have to hold more capital and liabilities than previously reported that can automatically be written off in a crisis as much as a quarter of risk-weighted assets as regulators take on lenders deemed too big to fail.
10/08/2014
Ex-UBS Exec Says Swiss Reports Belong In Tax Evasion Trial
A former UBS AG wealth management and banking head charged with helping U.S. taxpayers conceal their assets wants two public reports from Swiss banking authorities to be included in his trial.