06/10/2013
US and Japan agree Facta co-operation
Intergovernmental Cooperation to Facilitate the Implementation of FATCA and Improve International Tax Compliance"
Legal,Regulation,Tax & Compliance
06/10/2013
Bitcoin among virtual currencies targeted in US crackdown on tax evasion
US authorities are examining the use of virtual currencies such as Bitcoin amid fears that Americans are using them to evade taxes.
06/09/2013
Former England cricketer sues Sigma Wealth adviser
He said he had instructed the firm to invest his money for retirement, not gamble it on racy unregulated ventures.
06/09/2013
SEC Charges California Wealth Manager With Insider Trading
The SEC alleges that Dosti used inside information from Kuo to trade into and out of Dell and NVIDIA stock ahead of quarterly earnings announcements
06/09/2013
Swiss Banks May Leave Others Holding the Bag in Tax-Evasion Case
Swiss financial managers and lawyers are girding for a legal battle with the United States if their names are released as part of a deal with U.S. tax evasion investigators
06/09/2013
Swiss lawyers blast secretive US bank deal
A secretive deal between Bern and Washington over Swiss banks' alleged complicity in tax evasion by Americans is "deeply worrying," according to the new head of the Swiss Bar Association.
06/09/2013
In China, fake European wine more worrying than tariffs
"It's the most magnificent example of a hijacked brand of wine I've ever seen," says Paumard
06/09/2013
The G8 summit is a real chance to clean up the mess that is international tax law
Public faith in tax system has been seriously dented by the actions of a few top companies
06/09/2013
Chadbourne names new London head following shake up of management roles
Chadbourne & Parke has overhauled a number of key leadership positions in the EMEA region, naming insurance partner Adrian Mecz as the US firm’s new London managing partner.
06/09/2013
Online press firm to unveil more suspected offshore tax evaders
The KCIJ has already released a list of 18 high-profile figures out of 245 South Koreans who set up paper companies in tax havens
06/09/2013
DLA Piper Beats Out Baker & McKenzie at Top of Chart
The results are part of this year's NLJ 350, The National Law Journal's annual survey of the nation's largest law firms. Rankings are based on the number of full-time lawyers at firms as of December 31.
06/06/2013
Saudi Prince sues Forbes for underestimating his wealth by $9 billion on its ‘rich list’
Prince Alwaleed bin Talal is a very rich man he’s worth $20 billion,
06/06/2013
Swiss lawmakers hold up bank deal
Switzerland's parliament halted a bill yesterday that would let Swiss banks hand over client information to the US authorities as part of a clampdown on tax evasion
06/06/2013
Raiffeisen reviews compliance after Stepic affair
Raiffeisen Bank International will tighten up its compliance rules
06/06/2013
SJ Berwin partners gather in Marbella for crunch meeting on KWM merger
SJ Berwin is set to put its potential merger with Asia-Pacific firm King & Wood Mallesons to partners this weekend (8-9 June) for the first partnership-wide discussion on the deal since tie-up talks began.
06/05/2013
Legal expert mulls possible Swiss bank fallout
Manuel Ammann, professor of banking law at the University of St Gallen, believes parliament’s approval of a cabinet-backed bill would make cooperation with the Americans easier.
06/05/2013
London threatened by plans to move Libor regulation to Paris
Brussels has drawn up proposals to formalise regulation of a range of pricing structures, from the Libor inter-bank lending rate to benchmarks for oil and gold. Under the plan, Libor would come under the supervision of the European Securities and Markets
06/05/2013
Watchdog fines Sesame £6m for advice failings
THE Financial Conduct Authority (FCA) has fined investment firm Sesame £6m for selling life insurance settlement products known as death bonds to customers without spelling out the risks.
06/05/2013
Financial transaction tax will have ‘significant implications’ for insurers - TMF Group
But despite suggestions of an overhaul, insurers have been warned the FTT is likely to have “significant implications” for the UK industry regardless of its final construction. Richard Asquith, head of tax at TMF Group
06/04/2013
Act now to ensure compliance with UCIS ban - Moore Stephens
The FCA have today released their Policy Statement 13/3 confirming the restriction of marketing and distribution to the retail market of risky and complex products now defined as Non-Mainstream Pooled Investments (NMPIs).