08/07/2014
The number of Americans renouncing U.S. citizenship stayed near an all-time high in the first half of the year before rules that make it harder to hide assets from tax authorities came into force.
08/07/2014
EY senior manager walks into Bovill wealth management team
His prior experience includes a four-year stint at the FSA as manager of a thematic review team.
08/07/2014
Initial industry feedback estimates that hundreds of ICAVs will be formed in the initial phases representing billions of euros. As a result, it will immediately become one of the most popular legal forms for Irish funds.
08/06/2014
Switzerland decided in March against imposing its own sanctions in response to the Ukraine crisis and its economy minister said last weekend the cabinet had no plans to change this policy.
08/06/2014
The promoters reaped more than $2.5 million in illegal profits through their schemes.
08/06/2014
According to a BNY Mellon and FTI Consulting survey of firms in Europe, only two-fifths of asset managers had received authorisation and almost a fifth did not have the required AIFMD structure in place by July 22.
08/06/2014
The former bankers argued that they had an unwritten agreement with the bank that their bonuses would be calculated based on an “economic value added” formula, rather than the profit and loss accounts of their desk.
08/06/2014
The new rules on remuneration have been imposed due to concerns over excessive risk taking and bankers’ role in the financial crash of 2008.
08/05/2014
Doubts over Macquarie Private Wealth compensation
The only people we know who’ve received compensation are people who’ve taken court action or lodged complaints with the Financial Services Ombudsman
08/05/2014
With the release of the latest batch of reviews, the Global Forum has now completed 143 peer reviews and assigned compliance ratings to 64 jurisdictions that have undergone Phase 2 reviews.
08/05/2014
FATCA is US law, but what does “UK FATCA” mean?
08/05/2014
The Financial Conduct Authority has cracked down on fund managers charging clients for corporate access and revealed last month that only two of the firms it
08/05/2014
HMRC close the net on offshore payment intermediaries
The attraction to the contractor in using an offshore payment intermediary is easy to understand
08/05/2014
The Hedge Fund Manager On The FBI’s Most Wanted List
Florian Wilhelm Jürgen Homm, a German hedge fund manager who was on the run for more than five years, is wanted by the FBI for his alleged involvement in a market manipulation scheme designed to artificially improve the performance of eight Cayman I
08/05/2014
When a UK resident but non-domiciled individual taxed on the remittance basis takes out a loan, either in the UK or overseas, which is secured on foreign income and gains and brings the funds borrowed into the UK, there are two aspects of the loan which m
08/05/2014
When a UK resident but non-domiciled individual taxed on the remittance basis takes out a loan, either in the UK or overseas, which is secured on foreign income and gains and brings the funds borrowed into the UK, there are two aspects of the loan which m
08/04/2014
US targets German bank over Zimbabwe diamond finances
The United States has placed a German financial institution under strict surveillance for clearing payments for Zimbabwe’s diamonds at the recent Dubai diamond tender, state media reported Sunday.
08/04/2014
Many financial institutions are still completely confused and unable to comply with the US government's Fatca regime. "Foreign Account Tax Compliance Act" sounds like another innocuous tax regulation.
08/04/2014
A Toppled Financier Finds a Safe Harbor in Germany
He used a debit card to buy a ticket to Florence
08/04/2014
Ogier Legal has announced that four Channel Island based lawyers were promoted on 1 August as part of their continued investment in training and developing top quality lawyers.