Managers of Wealth

Last Chance to Report Foreign Bank Accounts to IRS

While some people intentionally evade taxes by hiding money offshore, most people with foreign accounts simply don't understand the law.

G20: Charity Appeals For Tax Action

Assistance for developing countries to alleviate tax evasion remains high on the agenda for NGOs

Baker Tilly announces Tenon office mergers

According to the Top Ten firm, the offices in these areas will begin merging in early 2014.

Swiss Edge Further Away From Bank Secrecy With New Tax Steps

Switzerland plans to cooperate with foreign authorities on tax matters and revise its tax savings deal with the European Union

Italian tax chief believes 'evasion for survival' exists

Befera says would be less cheating if Italy taxed less

Human rights fear over bankers’ bonuses

The FCA and the PRA were largely supportive of the commission’s proposals to improve industry standards

FCA's Griffith-Jones: 'there is more work to be done on suitability'

Suitability remains firmly on the Financial Conduct Authority’s radar in the wealth management sector

Netherlands Clamps Down On Intra-Group Tax Evasion

The measure forms part of efforts to actively combat international tax avoidance, without altering the basic structure of the Dutch tax system.

FCA crackdown on fund managers gathers pace

The newspaper also reports the regulator has put together its first asset management supervisory team, which consists of more than 50 employees.

Kinetic Partners offers background checks on fund managers

Kinetic Partners is now offering a global background checking service to complement its investor led fund, fund manager and service provider operational due diligence services.

Tax avoidance: Canada-Barbados tax deal loopholes revealed

Canadian companies have flocked to Barbados with their cash in order to legally avoid paying Canadian taxes.

Legal Farm Teams

Last spring, the Royal Bank of Canada came under fire for outsourcing some of its technology services.

Shepherd Smith Edwards & Kantas LLP Continues Investigating Claims Involving UBS Proprietary Puerto Rico Bond Funds

UBS, the single largest and most influential brokerage firm in Puerto Rico, has recently begun to see devastating losses in many of its clients' accounts as a result of its proprietary bond funds.

Israeli Banks Prepare for int'l Tax Evasion Laws

Customers are withdrawing money from Israeli banks as the UK, France, and Canada mull laws similar to the US's FATCA.

Swiss Regulator Probes Banks Over Currency Manipulation

Finma will give no further details on the investigations or the banks potentially involved

U.K. Banks have to make Stress Testing a top priority to comply with BoE proposal - Moody’s

Under current plans published this week, the Prudential Regulation Authority will release the first set of common scenarios by the end of March 2014.

SEC Final Rules on General Solicitation and General Advertising in Rule 506 and Rule 144A Offerings - Withers

The Jumpstart Our Business Startups Act 2012 required the SEC to amend its Rule 506 to permit general solicitation and general advertising in certain securities offerings

European Commission publishes proposals for indices used as benchmarks in financial instruments and contracts - Withers

The aim of the proposed Regulation is to "restore confidence in the integrity of benchmarks" which the EC intends to achieve by ensuring that benchmarks are not subject to conflicts of interest

Italy police seize 15 million euros at Merrill Lynch in fraud probe

The seizure was ordered by Verona prosecutors

80 Investors Owe €18m to Bank After Signing with Accountant

A Group of More than 80 Investors Have Found Themselves Owing Almost €18m to Bank of Scotland After Signing over power of attorney to an accountant for an investment project.

Legal,Regulation,Tax & Compliance