Managers of Wealth

How Gibraltar can unlock regulation concerns

EU domicile is key to supporting AIFMD regulation

UK FATCA: Reporting requirements for bermuda trusts by Stacy-Ann Maharaj, Appleby

In her article, Stacy-Ann Maharaj discusses how financial institutions in Bermuda

Withers ranked as a leading law firm in Chambers Global 2014

14 lawyers have also been ranked as leading foreign experts across six core practice areas, including Corporate/M&A, Dispute Resolution, Employment, International Private Client, Private Client and Tax.

SocGen Ex-Trader Kerviel Walks to Forget Loss as Judgment Looms

Jerome Kerviel’s quixotic quest for redemption has won him at least one convert.

Portuguese firm sets up Swiss presence to target HNWI work

Cunha Barnabé said Switzerland is popular among Portuguese high-net worth individuals (HNWI) as a location for their assets.

Leading international law firm continues global expansion with Singapore office

The head of Harneys’ banking and finance practice group, will relocate from Hong Kong to Singapore

Weavering Founder Must Face Trial, Judge Rules

Accused hedge fund fraudster Magnus Peterson won’t be getting off on at least one technicality.

$50K delivered to your door: a convenience of (illegal) offshore banking

The rich are not like the rest of us, and neither are their offshore bankers.

Rogue bankers and their bosses face six years bonus clawbacks

Rogue bankers and their bosses will have to hand back bonuses up to six years after they have been paid, under tough new Bank of England proposals designed to curb City excesses.

Tax law to force US expats to seek new investments

The looming implementation of the Foreign Account Tax Compliance Act (FATCA), a law designed as a tool to counteract tax evasion, is prompting a growing number US expatriates to look for tax efficient investment options.

Bermuda signs MOU with German financial regulator - Appleby

With that signing, Bermuda has signed MOUs with 27 European member states

In ‘Frustrating’ Tax Evasion Probe, DOJ Secures Plea

A former banker with Credit Suisse Group AG pleaded guilty today to conspiring to defraud the Internal Revenue Service and admitted that superiors knew of efforts to hide money for U.S. customers.

Finra issues bitcoin investor alert

The Financial Industry Regulatory Authority issued a new investor alert called Bitcoin: More than a Bit Risky to caution investors that buying and using digital currency such as Bitcoin carry risks.

Bank deal with Switzerland of no use catching former tax cheats: Treasury

Treasury officials have admitted an agreement with Switzerland to open up its secret bank accounts for scrutiny is powerless in netting tax cheats who have already closed their accounts

Ex-Credit Suisse banker accused of fraud surrenders, set to aid tax-evasion inquiry

A former Credit Suisse banker surrendered to U.S. authorities Tuesday and plans to plead guilty to fraud charges

HMRC under fire over plans to force payment of contentious tax

Proposals by HM Revenue & Customs to group together similar tax avoidance cases have come under further fire from industry experts.

Clients should use charity tax breaks’

Advisers should actively discuss the benefits of charitable giving as part of any tax mitigation strategy

Congress Urges Department of Justice to Use All Enforcement Tools Necessary to Go After U.S. Taxpayers with Undisclosed Offshore Accounts

Recently, the U.S. Senate Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations held a hearing on the ongoing effort to collect unpaid taxes and penalties on offshore bank accounts.

Swiss: Money Laundered From Stanford Ponzi Scheme

The office says the investigation since Feb. 2009 is completed and all of the assets remaining in Switzerland will be returned to fraud victims.

Black money: Swiss exchanging 'lawful' info with India

With India stepping up its pursuit of alleged black money in Swiss banks, Switzerland says it is exchanging information with Indian authorities on all lawful requests

Legal,Regulation,Tax & Compliance