Managers of Wealth

Retired banker at Coutts 'laundered fraud proceeds'

He spent 30 years at Coutts, the Queen's banker, is accused of allowing his son Matthew Noad, 29, to funnel £655,000 through his bank accounts

UBS, BNP Warned of France’s Zero Tolerance on Tax Evasion

UBS AG Credit Suisse Group AG and other banks providing wealthy French people a home for their money in Switzerland are being told: No more tax evasion.

Swiss may soon share bank account names with India

The Swiss government on Monday put up the “revised Tax Administrative Assistance Act” on its website with the critical assurance that in no Swiss canton (state) has a “referendum been called against the bill”.

Free from Millions of Inheritance Tax: The Story of Margaret Thatcher's Inheritance

Planning for one’s future should include planning for the estate and the heirs

Andorra's Marti Rules Out Taxes On Wealth And Inheritances

Andorran Prime Minister Antoni Marti has made clear that the Government has no plans to introduce a tax on wealth or inheritances.

IRS - Possible Offshore Deferrals for Hedge Fund Managers by Proskauer Rose

What Hedge Fund Managers Need to Know

Russian authorities eye information on offshore accounts

As a result, experts say, the new document will be part of an ambitious program to "de-offshorize" the Russian economy

Germany seizes documents that may contain info on tax evasion

Some coming from a branch of private bank Coutt

Sacked Credit Suisse banker helped drug lord move cash

There is no suggestion that Ryan knew about the way in which Eldring was app-roaching potential lenders

Ecclestone Indictment Calls F1 "Bribe" Into Question

New evidence from German prosecutors has called into question whether Bernie Ecclestone paid a bribe to steer the sale of Formula One in 2006 to the private equity firm CVC.

Queen's Bank Coutts Denies Helping Osama Bin Laden And His Family

Some members of the bin Laden family are prominent businesspeople

Jersey Financial Services Commission proposes to amend Money Laundering (Jersey) Order 2008

The Commission’s objective has been to apply international standards in a way that is consistent with neighbouring territories, and the money laundering and terrorist financing risk present in Jersey.

Maitland launches AIFMD fund platform in Luxembourg

MS Management Services, a Luxembourg-based subsidiary of the Maitland group, has been authorised by the CSSF to act as an alternative investment fund manager

UBS faces criminal probe for Puerto Rico bond fund sales - lawyers

If they knew about the practice and did not stop it, they could be criminally responsible for the alleged fraud.

UBS Belgium Chief Quizzed in Multibillion-Euro Tax Probe

The bankers encouraged them to open undeclared accounts in Switzerland, according to a report last month in the magazine M... Belgique, which didn’t say where it got the information.

Management buy-out of Ogier Fiduciary Services completes

This means that with immediate effect Ogier Fiduciary Services and Ogier are two independent businesses.

UBS, Credit Suisse urged to improve leverage ratios

Switzerland's central bank has urged UBS and Credit Suisse to further improve their capital strength, even after good progress made in recent years, due to the "substantial" risks still faced from economic and legal issues.

The Wealth Finance Brief by Field Fisher Waterhouse

In our first article, the recent tensions in Ukraine have prompted us to consider the implications of financial sanctions for lenders on their existing facilities and documentation.

US announces changes to the Offshore Voluntary Disclosures Programs

On 18 June the US Internal Revenue Service (IRS) announced major changes to its offshore voluntary compliance programs, resulting in new guidance for both taxpayers overseas and those residing in the US.

IRS Increases Offshore 'Amnesty' Penalty From 27.5% To 50%

Americans living abroad and certain others who can now come within the IRS Streamlined Program.

Legal,Regulation,Tax & Compliance