Managers of Wealth

Offshore Bank Letters, FATCA, & IRS Penalties---Are Any Choices Left?

Failing to respond in any way is likely to mean the bank will close your account

India crackdown on rich with Swiss accounts

Within 24 hours of his May 26 inauguration, Modi created an investigative team of former judges and current regulators

Wealthy Austrians Are Demanding Their Taxes Be Raised

Austria lacks an inheritance tax, and wealth brackets are not scaled

Appleby partner joins expert panel in New York

When a fund becomes illiquid it can find that its assets cannot be sold at all

Arguments against international finance centres are ‘flawed’, new study finds

Moving Money concludes that the reduction of trading barriers is helping both developed and developing countries

Sebi may probe Credit Suisse over insider trade in L&T Finance

The market regulator is likely to probe Credit Suisse to determine whether price sensitive information about the share deal was leaked by the investment bank.

Ed's secret triple tax whammy: Leaked Labour plans for multi-billion-pound package of 'property wealth taxes'

Secret Labour documents plan to ramp up rates on farmers and the South

FATCA Is Not Just A Worry For American Investors

FATCA was designed to catch US taxpayers with offshore accounts

Foreign banks face disappointment over Volcker rule

One of the issues facing foreign banks is whether they will need to sell investments in covered funds, such as private equity or hedge funds

Messi caught up in 1m money laundering mess

The corresponding bank slips list the recipient as a company by the name of 'G. Marín-Messi

Beware Of Swiss Banks Urging OVDP

A client recently received a letter from a Swiss bank “strongly encouraging” the client to enter the Internal Revenue Service Offshore Voluntary Disclosure Program

The Best Offshore Solutions

Tom Carey and Ben Morgan of Carey Olsen tell HFMWeek how Guernsey has maintained its solid reputation following the implementation of AIFMD

Howes Percival promotes private client lawer to partner

Lindsey has over 20 years’ experience in private client law and is also a specialist in the administration of estates, lasting powers of attorney and Court of Protection cases, including related taxation issues.

Jersey hosts four day conference and seminar in partnership with the US Securities and Exchange Commission

The purpose of the conference is to encourage international co-operation between securities authorities in order to protect investors

Cyprus and India closer to resolving double-tax dispute

Cyprus has provided all the tax information and documents requested

Jersey set to stage US SEC conference

The seminar will provide an overview of the SEC’s regulatory framework

BlackRock: Regulators Shouldn’t Conflate Asset Managers With Owners

Banks invest their equity capital and deposits in an assortment of balance sheet assets

Former Leeds chief accused of £3m fraud by club’s ex-owners

The former Leeds United chief David Haigh has been accused of financial mismanagement to the amount of $5m by Gulf Finance House Capital, his previous employers and majority owners of the club until April this year.

FINRA Fines Barclays Capital, Goldman Sachs and Merrill Lynch $1 Million Each for Submitting Inaccurate Blue Sheet Data

The Financial Industry Regulatory Authority today announced it has censured and fined Barclays Capital Inc.; Goldman, Sachs & Co.; and Merrill Lynch, Pierce, Fenner & Smith, Inc., $1 million each for failing to provide complete and accurate infor

SEC delays case against Steven Cohen

A federal judge on Tuesday granted a request to delay a lawsuit by the Securities and Exchange Commission against Great Neck native and hedge fund owner Steven Cohen, according to published reports.

Legal,Regulation,Tax & Compliance