08/21/2013
Investigation shows Bloomberg used private client data
We did not fully appreciate how expectations of us have evolved
Legal,Regulation,Tax & Compliance
08/21/2013
U.S. looks to turn the screw in Swiss banks talks
The United States is pushing Switzerland for a deal to settle a long-running dispute over banks that shelter tax evaders,
08/21/2013
Julius Baer Client Data Thief Sentenced
A former contract worker at Julius Baer Group AG received a partially suspended three-year prison sentence on Thursday after being found guilty of stealing and selling information about the Swiss bank's clients
08/21/2013
Rich hedge fund manager to pay wealth 'tax' on basement extension
Hedge fund manager Reade Griffith has been ordered to pay out more than £800,000 to Kensington council
08/20/2013
JPMorgan hires New York law firm to help in hiring probe
The SEC is questioning JPMorgan, the largest US bank, over its relationships with at least two families in China that may have legitimate explanations, sources told Reuters.
08/20/2013
Top private client lawyers set for first Hong Kong Private Client Forum
Asia's leading private client lawyers are set to gather at The Mira Hong Kong Hotel next month to debate the challenges facing Greater China's high net worth community at Legal Week's inaugural Hong Kong Private Client Forum.
08/20/2013
China to Join Global Fight Against Tax Evasion: OECD
hina is set to join a group of 50 developed and developing countries in the fight against tax evasion
08/19/2013
Italy deploys computer robot against tax cheats
Italy has one of Europe’s biggest grey economies and highest levels of cash transactions, making tax evasion a constant problem despite repeated crackdowns.
08/19/2013
SEC charges ex-Oppenheimer fund manager with misleading investors
The company earlier this year agreed to settle related charges with the SEC and pay $2.8 million.
08/18/2013
More investment in data governance needed in asset and wealth management - Study
More investment in data governance is needed in companies specialising in asset and wealth management
08/18/2013
DFMs criticised for not submitting performance data
Aj Somal, certified financial planner at Aurora Financial Planning, said some discretionary managers were shown “in a bad light” by not submitting comparative performance data.
08/18/2013
Billionaire banned from financial sector for five years
While the ban would put at least a temporary end to Falcone's hedge fund career, the consent order detailing the agreement does not say Falcone is barred from being a director or officer of a public company.
08/17/2013
HMRC Change QROPS Reporting System
There was industry concern that any changes brought in would adversely affect the industry
08/15/2013
FCA writes to 11 groups as it launches fund charge probe
They will range from global asset managers to boutiques
08/15/2013
Swiss Lawyer’s Guilty Plea Discloses Help in U.S. Tax Probe (3)
Paltzer is cooperating with U.S. authorities in their broader investigation of how foreign banks and advisers helped American clients evade taxes, his lawyer,Thomas Ostrander, said.
08/15/2013
Porche Faces New Hedge Fund Cartel Claim In Legal Battle
After other investors lost two similar claims at a German tribunal last year, the funds added antitrust claims against Porsche to their suit, forcing a move to a court that specializes in cartel suits.
08/14/2013
Swiss open door to helping tax crackdowns spurred by stolen data
Data leaks have become big business ever since 2008
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