02/26/2014
Bank of England approach to supervising international banks
The Bank of England has published a Consultation Paper on its approach to supervising international banks.
Legal,Regulation,Tax & Compliance
02/25/2014
Expats With Property in UK to Face Capital Gains Tax
Expats non-resident in the UK who own British property will become liable for capital gains tax from next year.
02/25/2014
U.S. scrutinizing Swiss insurers in offshore probe
U.S. prosecutors are widening their probe of how Swiss banks helped wealthy Americans avoid taxes to look at insurers as well
02/25/2014
Fact Sheet: FATCA Amendments and Coordination Regulations
The U.S. Department of the Treasury and Internal Revenue Service today issued the last substantial package of regulations necessary to implement the Foreign Account Tax Compliance Act
02/25/2014
Wealth tax will drive rich out of SA
With Finance Minister Pravin Gordhan’s upcoming National Budget address around the corner, one has to wonder whether he will consider instituting a wealth tax in an attempt to increase revenue collection.
02/25/2014
Deferred Prosecution Agreements - Withers
Essentially, although the organisation will not be pleading guilty to an offence, it will be admitting its wrongdoing and will receive a fine from the judge but will avoid criminal prosecution.
02/24/2014
Deferred Prosecution Agreements in the UK and their application to Jersey businesses - Ogier
What are Deferred Prosecution Agreements?
02/24/2014
The Offshore Top 30, 2014: The byteback begins
After the activity lull last year, offshore firms have regrouped and come out fighting with state-of-the-art technology that takes client service to a new level
02/24/2014
Former Lombard Odier &Cie exec pleads not guilty
The allegation is that over a ten year period he abused his position at Lombard Odier &Cie by stealing 488,921 euros and £170,150 from clients’ accounts
02/24/2014
Credit Suisse Private Banking fined $196 million for US regulatory transgressions
The Securities and Exchange Commission today announced charges against Zurich-based Credit Suisse Group AG for violating the federal securities laws by providing cross-border brokerage and investment advisory services to U.S. clients without first registe
02/24/2014
UBS seeks immunity as US and EU probe currency market rigging
UBS is seeking immunity in the US and European Union as part of the global investigation of currency markets
02/24/2014
Deutsche Bank Settles Dispute for $1.06 Billion
Deutsche Bank said on Thursday that it would pay more than 775 million euros, or about $1.06 billion, to the heirs of the late media mogul Leo Kirch to settle a long-running dispute over the collapse of his empire.
02/24/2014
French Bank Account Regularization Requests Top 15,000
French Budget Minister Bernard Cazeneuve has told the National Assembly Finance Committee that almost 16,000 residents with undeclared foreign bank accounts have elected to regularize their tax situation in the last eight months, through a voluntary decla
02/24/2014
BBC star aInvolved In 'Second-Hand Car' Tax Scheme
The tribunal, under Judge Colin Bishopp, described that evidence as "very brief and rather uninformative".
02/21/2014
Credit Suisse under scrutiny for aiding tax evasion
Bankers helping customers buy gold bars to store in Swiss bank safes. A wealthy customer who traveled on flights hiding $250,000 in pantyhose to stash in Swiss accounts.
02/21/2014
Accountability Trumps Confidentiality: Bermuda Court of Appeal Upholds Decision of Supreme Court to Order Disclosure
It is not unusual for a settlor to impose confidentiality conditions upon trustees by the terms of the trust.
02/21/2014
GAO Report: Where Offshore Tax Evaders Live And Bank
All told, taxpayers in at least 45 states and the District of Columbia reported accounts in 68 countries and territories.
02/21/2014
Tax evasion to get tougher as Australia strikes deals on foreign bank accounts
The battle against offshore tax evasion is gaining momentum after Australia and the US struck a deal to combat tax-dodgers and G20 members prepared to sign off on a scheme for the automatic exchange of tax information.
02/21/2014
Investors with investments linked to Bernard Madoff
Investors with investments linked to Bernard Madoff may have the opportunity to claim compensation.
02/21/2014
Isle of Man Downgraded by S&P on Offshore Finance Vulnerability
The Isle of Man was downgraded by Standard & Poor’s because the ratings company said the offshore financial center is vulnerable to growing regulatory pressure.