07/24/2014
Rathbones to pay £15m to end Jersey trust battle
The settlement is expected to become unconditional before the end of October 2014. A further announcement will be made once the settlement has taken place.
07/24/2014
The European Commission and the European Parliament agreed on the updated Markets in Financial Instruments Directive (MiFID 2) and on the Markets in Financial Instruments Regulation (MiFIR) on 15 April 2014.
07/24/2014
The Green party has called for a wealth tax of up to 2% on the assets of multimillionaires that it believes could raise more than £40bn a year.
07/23/2014
FCA fines ex-JPM Cazenove chairman £450k for market abuse
This follows on from the judgment of the Upper Tribunal (Tribunal) which upheld the decision of the FCA that Mr Hannam engaged in two instances of market abuse by disclosing inside information other than in the proper course of his employment in two email
07/23/2014
In the latest moves towards implementation of the FATCA Intergovernmental agreements (IGAs) signed by the BVI with the US and the UK, the BVI Government has released draft Guidance Notes for public consultation.
07/23/2014
Taxes charged by governments are a lot like consumer prices charged by retailers.
07/23/2014
Property in Cyprus, cars and Coutts bank accounts - men behind Norfolk fraud ordered to pay back £9m assets or face more jail time
Mark Fenhalls, prosecuting, said Esmene had £7.1m tied up in property across Europe and in Coutts bank accounts, while Yorkshire had £1.2m including property, cars and almost £500,000 of hidden assets.
07/22/2014
Ashburton investment support manager who stole more than £500,000 from wealthy clients jailed for four years
The court heard Lomas abused her position to manipulate reports and doctor statements while she was an investment support manager at Ashburton (Jersey) Limited.
07/22/2014
Investors over the last several months have been filing legal action against UBS Financial Services Inc. of Puerto Rico over closed-end municipal bond funds that have tanked in value.
07/22/2014
A number of European countries have not implemented the AIFMD to date or not implemented it completely. AIMA said this is hindering managers’ ability to do business and means that investors in certain countries may be prevented from accessing altern
07/21/2014
Coutts warned clients on film scheme HMRC tax challenge
Coutts has warned its clients about a possible HMRC Revenue & Customs tax probe into film investment schemes
07/21/2014
Julius Baer expects to strike a deal with U.S. authorities in a matter of months to settle a criminal investigation into the Swiss bank's role in helping wealthy Americans evade their taxes, its chief executive said on Monday.
07/21/2014
New single global standard for the automatic exchange of information between key authorities worldwide
07/21/2014
New legislation approved by Jersey’s government will help confirm the jurisdiction as a leading, mature and flexible centre for global philanthropic work, according to Jersey Finance.
07/21/2014
Accounting giant to buy Parthenon
Ranked among the top 10 management consultancies worldwide.
07/20/2014
Jaitley said the treaty between India and Switzerland on information sharing was prospective in nature, the reason why the country was not cooperating on the previous lists of such account holders.
07/20/2014
Fundamental changes to the international tax environment are set to provide both challenges and opportunities to businesses in the financial services sector.
07/18/2014
STEP Private Client Awards - Butler Snow finalist for International Legal Team of the Year
The winner will be announced at the STEP Private Client Awards on Sept. 17 at the Hilton Park Lane Hotel in London.
07/18/2014
The Finance Minister said the list of 700 illegal Indian Swiss bank account holders was received from the French government which it had received from the HSBC bank data.
07/17/2014
The new requirements build on rules that already require banks to submit data on the number of employees earning more than 1 million euros ($1.4 million).