Managers of Wealth

Former UBS banker gets 18 months, $1 mln fine, for muni bid-rigging scheme

Former UBS AG banker Peter Ghavami was sentenced to 18 months in prison on Wednesday for his role in deceiving U.S. municipalities

Goldman Sachs deputy GC joins Fried Frank

Fried, Frank, Harris, Shriver & Jacobson LLP announced that David J. Greenwald, has agreed to rejoin Fried Frank in a leadership role.

Italian PM Enrico Letta pledges war on tax evasion

Italian prime minister Enrico Letta pledged to "fight relentlessly" against tax evasion in the recession-hit country, as the government pushed new growth measures through the lower house of parliament.

AIFMD will reduce choice and increase costs for fund managers and investors

New research by BNY Mellon, the global leader in investment management and investment services, points to significant uncertainty about Alternative Investment Fund Managers Directive

Fraud and cybercrime biggest non-investment risks to family offices

Sustainability, data loss, fraud and theft are among the top non-investment risks faced by private families and the offices that serve them

Tycoon blames RBS in ‘billion-dollar swindle’

A taiwanese shipping magnate claims he was swindled out of more than a billion dollars by Royal Bank of Scotland.

Credit Agricole launches global panel shake-up

Credit Agricole has opened the bidding for places on its new panel, just two years after its last review.

German tax dodgers turn over new leaf

The German authorities have been able to wave a big stick since purchasing a number of CDs purportedly containing sensitive Swiss bank client data

UBS Germany tax probe fine could top 150 mln euros - magazine

The German operations of Swiss bank UBS could be fined more than 150 million euros

Rules on international tax evasion could be in place in 2014: OECD

The plan calls for a universal and automatic exchange of financial information

Swiss reality on wealth tax

Australia's challenge is not to invent new taxes but to waste less.

Top Sullivan private client partner heads to London for UK launch

Sullivan & Cromwell is expanding its international private client practice to London with the transfer of New York-based group leader Basil Zirinis.

Former Goldman Director Gupta Fined, Banned in SEC Case

Mr. Gupta, 64, is appealing his June 2012 conviction

Liechtenstein Bank stows extra $33 mln for imminent U.S. Tax Deal

LLB accused of Aiding Wealthy Americans to Evade Tax

Withers sees 4% revenue increase while PEP drops 4%

Withers has posted its financial results for 2012-13, with revenues up 4% on last year while profits per equity partner have fallen by 4%.

Japan Shows How to Stop Corporate Tax Evasion Using Tax Havens

Japan has a law called the Tax Haven Counter Measure Law. It applies to any Japanese subsidiary in a low tax jurisdiction with a tax rate of 20% or less

Taxpayers spent £100,000 in travel and hotel costs for the former head of the Serious Fraud Office

She stepped down as its chief executive in 2012 after four years, was responsible for the agency’s day-to-day operation.

Barclays' $453m fine for energy market manipulation upheld by FERC

We believe that our trading was legitimate and in compliance with applicable law

Ex-HSBC employee hopes for widening of Europe tax probe

The investigations were blocked in various countries due to a lack of knowledge about the objective and the scale of the problem,

The accord is meant to counter tax evasion and avoidance

Macau and Malta have agreed to work together to prevent tax evasion and tax avoidance.

Legal,Regulation,Tax & Compliance