Managers of Wealth

Credit Suisse Offers Map to 13 Swiss Banks in U.S. Tax Probes

Their degree of wrongdoing and cooperation with investigators will help decide their fate, said the top U.S. tax prosecutor

Credit Suisse: Remaining ‘hit list’ banks sweat over US verdict

The question remains if any other Swiss bank will suffer the same fate as Wegelin, that was forced to dissolve after being convicted by a criminal court at the beginning of 2013.

Wealthy Americans used to have no shortage of places to hide their assets from tax collectors

Government efforts to combat offshore tax evasion are making it harder for the well-off to dodge the Internal Revenue Service.

International law firm hires leading trust litigator

He joins as a partner from Taylor Wessing, where he was head of the firm’s Contentious Trusts & Estates team.

Former Islamic bank GC arrested in Dubai over Leeds United sale allegations

GFH bought the football club from former owner Ken Bates in December 2012

Barclays hit with £26m fine over gold fix

The Financial Conduct Authority (FCA) has fined Barclays Bank Plc (Barclays) £26,033,500 for failing to adequately manage conflicts of interest between itself and its customers as well as systems and controls failings, in relation to the Gold Fixing

Ex-MD of Leeds United arrested over 'financial irregularities'

A close friend of Haigh’s told the BBC: “David has done absolutely nothing wrong or illegal

SFC reprimands and fines Deutsche Bank Aktiengesellschaft $1.6 million for regulatory breaches

In deciding the penalty, the SFC took into account that Deutsche Bank reported the matter to the SFC and has since strengthened its internal controls on the monitoring and disclosure of its equity positions in Hong Kong listed companies.

Ex-Rothschild Banker Says Hypo Was a ‘Fit’ for BayernLB

Seven former BayernLB executives are on trial over the purchase of Klagenfurt, Austria-based Hypo Alpe-Adria in 2007

Tax Havens (Other than Switzerland) Feeling the Heat From Tax Collectors

In Europe, Austria and Luxembourg accepted in March a long-delayed European Union law

New tax scandal as report claims evasion by dodgy companies costs UK £40BILLION a year

A staggering £100billion worth of sales are raked in by firms every year, yet never disclosed to the authorities

JPMorgan Ex-CEO for China Investment Bank Arrested, Caixin Says

The bank hasn’t been charged with any wrongdoing

How Trustees can make the most of observers at Board meetings by Mike Huggins, Baker Tilly

Many charities allow observers at Trustee Board meetings.

Don’t rely on reliefs from inheritance tax lasting indefinitely by Sharon Omer-Kaye, Baker Tilly

The latest National Audit Office (NAO) report into tax reliefs might make uncomfortable reading for those wanting to pass their farm business on to the next generation.

Revised conflicts of interest guidance published by The Charity Commission

The Charity Commission, the independent regulator of charities in England and Wales, has today published revised public guidance on conflicts of interest for charity trustees.

Swiss pressure rises on Credit Suisse boss Dougan after U.S. deal

Pressure on Credit Suisse boss Brady Dougan to quit shows no signs of abating in Switzerland following this week's $2.5 billion settlement with the U.S. authorities over charges that it helped Americans evade taxes by hiding their assets in secret ba

US Asset Managers Overreacting to Risk Panel Review -Treasury's Miller

FSOC meeting to explore the activities and potential risks in the asset management industry

Credit Suisse pleads guilty in $2.6B settlement

The settlement marks a major U.S. legal victory in a continuing U.S. investigation

Civil Penalty Shoot-Outs: Only Ever One Winner by Simon Harding, Appleby

Recent published decisions of the enforcement division of the UK Financial Conduct Authority (FCA) have provided for significant civil penalties against high profile financial institutions.

Financial Sanctions Regimes by Claire Milne, Appleby

Due to the on-going conflicts in Syria and Ukraine, there has been much in the press recently about financial and economic sanctions

Legal,Regulation,Tax & Compliance