08/14/2013
Swiss open door to helping tax crackdowns spurred by stolen data
Data leaks have become big business ever since 2008
Legal,Regulation,Tax & Compliance
08/14/2013
AQR and Stress Test Requirements to Pose Challenges for European Banks - Moody’s
Moody's Analytics has released two reports outlining the challenges associated with the upcoming Asset Quality Review (AQR) and subsequent stress test requirements for European financial institutions.
08/14/2013
Lady Victoria Normanton Sues Saanen Bank For 'Negligence' After £93,000 E-mail Fraud
A Swiss bank is being sued in the English courts by the glamorous British ex-countess Lady Victoria Normanton for ‘negligent’ handling of her finances which led to £93,000 (CHF: 132,000) being stolen from her bank account.
08/13/2013
Norwegian Fund Manager Talks Tax Evasion
The chief executive of a Norwegian oil fund has said that the issue of tax evasion could become an area of focus in the future
08/13/2013
Chartis Report Outlines Financial Organizations’ Top Global Compliance, Risk and Business Performance Challenges
Capital adequacy, stress testing & internal risk models among top regulatory pressures; Report says flexible technology key to addressing evolving requirements
08/13/2013
Expats advised to prepare for new tax sharing regime in European Union
With the amount of financial information to be shared between European Union countries set to significantly increase over the next few years
08/13/2013
Magnusson names former Eversheds partner as Copenhagen head
He will draw on his experience gained during a 2,5 year tenure as the Senior Office Partner for Eversheds’ Copenhagen office.
08/13/2013
Feds charge ex-JPMorgan bankers in 'London whale' case
Federal prosecutors in Manhattan have criminally charged two former JPMorgan bankers for their alleged role in the “London whale” trading loss that rocked the investment bank last year and led to a very public overhaul of its senior management
08/12/2013
Singapore's banking system able to withstand adverse scenarios
Singapore's banking system is found to be sound and able to withstand adverse scenarios after a stress test exercise
08/12/2013
Russell-Cooke strengthens private client practice
Russell-Cooke has strengthened its Private Client practice with the hire of its 8th Partner
08/11/2013
FCA concerned about exec-only commission model
The board was discussing "whether the continuation of commission payments for non-advised retail investment sales created potential risks".
08/11/2013
French CGT rethink brings back wealth property buyers
Wealthy investors are rekindling their interest in French property now the government has clarified capital gains tax laws.
08/11/2013
U.S. Expats Balk at Tax Law
More U.S. citizens are giving up their American passports as the government cracks down on tax evaders.
08/11/2013
Financial firms forced to set targets for women on boards
The UK's largest financial firms will be forced to set targets for the number of women on their boards from 2014, under proposals outlined by City regulators.
08/11/2013
'Cowboy' tax advisers face £1m in HMRC fines
"The proposals in this consultation will allow HMRC to further close in on the cowboy advisers promoting these high-risk schemes," David Gauke, the Treasury Secretary, said.
08/10/2013
Greek deputy PM says UK has become top destination for tax avoiders
Evangelos Venizelos, the deputy Prime Minister of Greece, has said London has replaced Switzerland as the destination for wealthy Greeks looking to avoid taxes.
08/10/2013
International business law firm hires Davenport Lyons finance partner
International business law firm has strengthened further its leading finance group by hiring a partner from Davenport Lyons.
08/08/2013
U.K. Publishes List of Wanted Tax Fugitives
Tax fraud and evasion is illegal and will not be tolerated
08/07/2013
Swiss court keeps French tax probe witness in custody
A Swiss court said on Thursday it has rejected an appeal against the continued detention of a witness in a French tax evasion investigation, who is being held in jail over allegations that he breached Swiss laws on banking secrecy.
08/07/2013
King & Wood Mallesons and SJ Berwin advise IRESS on acquisition of Avelo FS Holdings
Less than one week after announcing their merger, King & Wood Mallesons and SJ Berwin are joining forces to advise ASX-listed IRESS on its acquisition of Avelo FS Holdings, a provider of financial services technology in the UK.