Managers of Wealth

Osborne goes after offshore evaders

Some £1.5bn has been recovered from offshore tax evaders over the past two years.

Forget About Hiding Money Offshore!

The planning issue for anyone with an offshore undeclared account is framed in the context of penalty avoidance or mitigation

Ogier Corporate Services shortlisted for prestigious awards

Ogier Corporate Services has been shortlisted for two awards at the prestigious ICSA Jersey Awards 2014.

Securities law firm files FINRA Arbitration Claim Against Deutsche Bank Securities

The Glanmore fund invested in United Kingdom real estate and was managed by Tilney, an investment management firm owned by Deutsche Bank. Deutsche Bank recommended and sold the Glanmore fund to wealthy investors in Mexico, Central America, and South Ameri

Goldman To Face Libya's Sovereign Wealth Fund In Court Over Trades

Goldman had filed a summary judgment application – a request to decide a claim without going to trial

FATCA Intergovernmental Agreement Update

This will allow such not-for-profit entities to be treated the same way under UK FATCA as they are presently under US FATCA and US-Bermuda IGA Annex I VI B 4 j.

Questions framed over future of tax rules for art gallery deals

Experts have raised questions about the future of beneficial UK-wide tax rules for art galleries in the event of a Yes vote.

Macquarie Private Wealth remediation suggests a new approach from the regulator

With the enforceable undertaking (EU) against Macquarie Private Wealth moving into the remediation phase on Friday, it appears the regulator may be adopting a new template for tackling problems in the financial advice sector.

Ex-SJP partner banned as a director for 13 years

Following an investigation by the Insolvency Service, the High Court Ordered that Carron should not act as a director, manage, or in any way control a company from 18 July 2014 until 17 July 2027

Offshore company registrations on the rise

New company registrations increased in most offshore jurisdictions in the second half of 2013, according to Appleby, one of the world’s largest providers of offshore legal, fiduciary and administration services.

Gibraltar Internationa Bank Clears First Regulatory Hurdle

The Gibraltar International Bank has received ‘approval in principle’ from the Financial Services Commission to its application for a licence

Expats urged to review sources of UK income amid tax raid plans

Property owners and pensioners who face losing their personal tax allowances can take steps now to protect themselves, say experts

Malaysia Airlines MH370: Two arrested as £20,000 siphoned from passengers' bank accounts

HSBC takes the security of customer accounts very seriously

Morgan Stanley to Pay $4.2 Million to Settle Overtime Pay Case

Three client service associates began their federal class action lawsuit in June 2011

Career Clinic: The unwritten rules of unwritten bonuses

It used to be said that “my word is my bond” was the mechanism by which the City of London operated.

HMRC says offshore trusts cannot use settlement facility

HMRC announced on Thursday that users of offshore tax avoidance schemes were not eligible for the special rates aimed to encourage taxpayers to come clean over secret foreign bank accounts.

HSBC headquarters in Argentina raided as part of money-laundering probe

The bank claims the documents were destroyed in a fire back in February but officials are investigating the claim.

Swiss central bank places Raiffeisen Alongside UBS as Too-Big-to-Fail Bank

The Swiss central bank classified Raiffeisen Group, a privately held bank owned by its customers, as a lender subject to tougher rules because of its systemic relevance to the country’s economy.

Mark McSherry: Asset managers rail against moves for closer scrutiny

Many of them were asleep at the wheel last time so they want to be wide awake to any potential problems when the next financial crisis starts to rear its ugly head.

Standard Chartered to scour mountains of data for money laundering, with penalty at stake

Both sources spoke on condition of anonymity as they are not authorized to speak publicly about the matter.

Legal,Regulation,Tax & Compliance