05/14/2014
Could Credit Suisse Alleged Tax Evasion Crimes Match James Bond Bankers of UBS?
The tax probe causing grief to Credit Suisse is demonstrating a break from legal precedent.
Legal,Regulation,Tax & Compliance
05/14/2014
Global survey finds two in five businesses open to outsourcing
New research from the Grant Thornton International Business Report reveals that two in five business leaders globally either currently use outsource back office processes.
05/13/2014
Guernsey introduces LLPs
Guernsey has expanded the range of structures available from the jurisdiction by introducing Limited Liability Partnerships
05/13/2014
Insider trading: alleged scam was uncovered through LinkedIn
Broker found the LinkedIn connection after his team alerted him to suspicious trades
05/13/2014
Loan funds in Malta Licensing and regulation
The Malta Financial Services Authority has recently clarified its position with respect to the licensing and regulation of loan funds in Malta.
05/13/2014
FCA one year on – effective regulation goes hand-in-hand with sustainable businesses by Clive Adamson, FCA Director of Supervision
Speech by Clive Adamson, FCA Director of Supervision, at the Building Societies Association (BSA). This is the text of the speech as drafted, which may differ from the delivered version.
05/13/2014
FCA review uncovers 'unclear' & 'complex' fund charging structures
Firms must present their fund charges clearly and consistently, the Financial Conduct Authority said today, so that retail investors are able to compare charges before making decisions on where to invest.
05/12/2014
Pakistan to hold talks with Switzerland to return illicit money
Pakistan is to hold talks with Switzerland on a new tax treaty
05/12/2014
The US Government Has Finally Begun Going After Banks, But Their Names Will Surprise You
The US wants Credit Suisse to plead guilty to charges of helping Americans avoid taxes through the use of Swiss bank accounts.
05/12/2014
BNP Paribas, Credit Suisse Seek Leniency in U.S., NYT Says
The U.S., which has been investigating Credit Suisse for at least three years into whether it helped Americans evade taxes
05/12/2014
Allowing HMRC to raid our bank accounts attacks individual freedom
The taxman removing cash from personal bank accounts is an abuse of power
05/11/2014
Swiss banks to follow new regulations
Swiss banks are currently undergoing an exercise in attrition
05/11/2014
Morgan Stanley fined $5 million over retail sales of 83 IPOs
The regulator said the unit treated the phrases interchangeably, even though indications of interest lead to share purchases only if investors reconfirm them, while conditional offers to buy can result in binding share purchases unless investors revoke th
05/09/2014
Singapore predicts introduction of commission disclosure requirements
A mix of senior bancassurance selectors and wealth management professionals were sampled for the survey, which polled on a range of industry-specific issues, including business practices, industry outlook and regulations.
05/09/2014
FCA sets out expectations for investment managers on dealing commission Print
Investment managers should only use client dealing commission to pay for substantive research or costs related to executing trades
05/09/2014
It’s virtual, but not tax free
Virtual currency is something that can be difficult to wrap your brain around, but if you are using it, make sure that you understand how the IRS views virtual currency.
05/09/2014
BlackRock faces lawsuits over “disproportionately large” fees
Powerball-winning Florida adviser with stake in fund accuses firm of breaching fiduciary obligations
05/08/2014
UBS backs Switzerland adoption of OECD information exchange deal
The declaration urged countries to implement a new single global standard on automatic exchange of information
05/07/2014
Morgan Stanley wealth management fined $5 million for supervisory failures
A Wall Street regulator fined a Morgan Stanley wealth management unit $5 million on Tuesday for supervisory failures related to the sale of shares to retail customers in 83 initial public offerings, including Facebook Inc and Yelp Inc.
05/07/2014
Morgan Stanley wealth management fined $5 million for supervisory failures
The regulator said the unit treated the phrases interchangeably, even though indications of interest lead to share purchases only if investors reconfirm them, while conditional offers to buy can result in binding share purchases unless investors revoke th