Managers of Wealth

Tax Amnesties Clear The Way For Global FATCA

The operation is headed by the Organisation of Economic Co-Operation and Development and closely follows the lines of the controversial US Foreign Account Tax Compliance Act laws.

International efforts to combat tax avoidance got a boost today as OECD broadens dialogue with global partners

Over 330 senior tax officials from more than 110 jurisdictions and international organisations met in Paris on 26-28 March 2014 during the 3rd Annual Meeting of the Global Forum on Transfer Pricing.

Fritz Zurbrügg: The Swiss National Bank's investment policy - options and limitations

Speech by Mr Fritz Zurbrügg, Member of the Governing Board of the Swiss National Bank, at the Money Market Event, Zurich, 27 March 2014.

Men held over Vatican Bank 'three trillion euro bond fraud'

Italian police have arrested two men who were allegedly trying to deposit trillions of euros in fake bonds in the Vatican bank.

FCA to probe wealth managers' use of in-house funds

The Financial Conduct Authority is to investigate the use of in-house funds by wealth management firms and private banks.

Swiss probe banks over foreign exchange market

RBS, Barclays, UBS, Credit Suisse, Zuercher Kantonal Bank, Julius Baer, JP Morgan and Citigroup are being probed by Swiss competition commission, Weko.

Julius Baer says found no evidence of market abuse in forex probe

"The internal investigation has shown no indication whatsoever of market abuse behaviour," a spokesman said, adding that the bank would co-operate with the investigation.

FCA to make rogue fund managers pay back bonuses

The Financial Conduct Authority is to scrutinise the pay and clawback measures for all regulated companies including the 2,100 FCA-supervised fund houses.

Crackdown on tax avoidance and personal tax

"The rich are making the biggest contribution to the reduction of the deficit – because we are all in this together.”

Switzerland treads careful path over Russia sanctions

witzerland said on Wednesday it would not be "abused" by those wanting to circumvent Western sanctions against Russia but stopped short of adopting its own measures.

Vestra Wealth: Thousands of UK citizens could be caught under FATCA

Thousands of ‘accidental Americans' could be unwittingly caught by the Foreign Accounting and Tax Compliance Act from July, leaving them exposed to US tax liabilities, Vestra Wealth has warned.

Shoosmiths’ Private Client team win at Scottish Legal awards 2014

Competition was particularly fierce and saw the highest number of entries in the 11 year history of the awards. The finalists came from 33 different firms across Scotland, with 61 entries making the shortlist in various categories.

EY voted Top Global Accounting Firm

Hedge fund managers voted EY as the top global accounting organization in this year's Institutional Investor's Alpha 2014Alpha Awards.

Luxembourg Supports New Savings Tax Directive

The EU 28 formally adopted the revised Savings Tax Directive on March 24, 2014

The plea deal of an ex-banker details tax-evasion schemes

As part of a plea agreement, an ex-Credit Suisse banker recently disclosed how U.S. customers avoided offshore account disclosure requirements.

Six Lessons Learned from the FCAs First Year

Record-Breaking Financial Penalties Exposes Need for Conduct Risk Framework and Clearer Understanding of FCA Expectations within Businesses

U.S. Senate Urges the Department of Justice to Seek Extradition of Swiss Bankers Who Helped U.S. Taxpayers Maintain Undisclosed Bank Accounts

The Department of Justice, confirmed it has charged 35 Swiss bankers and 25 financial advisors with helping U.S. Taxpayers hide their undisclosed overseas accounts, but has not yet sought their extradition to the United States.

Legal,Regulation,Tax & Compliance