07/02/2013
Switzerland to help banks avoid U.S. tax charges
The government will have to be careful about what data it authorizes banks to pass to the U.S. authorities
Legal,Regulation,Tax & Compliance
07/02/2013
HSBC wins OK of record $1.92bn money-laundering settlement
A federal judge has approved HSBC Holdings Plc's record USD 1.92 billion settlement with federal and state investigators of charges that it flouted rules designed to stop money laundering and thwart transactions with countries under US sanctions
07/02/2013
Barclays CEO: We Aren't at Odds With Regulators
Barclays CEO Antony Jenkins has denied any conflict between his bank and its regulators
07/01/2013
Clock is ticking for banks to get to grips with anti-money-laundering rules
One answer might be that the present sanctions have not acted as a sufficient deterrent to bad behaviour.
07/01/2013
Withers bolsters partnership with eight promotions
The appointments bring the firm’s total number of partners
07/01/2013
Over Nine In 10 (94%) CFOs And COOs In UK Financial Services Industry Find Management Of Regulatory Regime Challenging
It is based on responses from 1,100 CFOs and COOs from the major global financial centres including the United States, Canada, the United Kingdom, France, Germany, Singapore and Hong Kong.
07/01/2013
Kuwaiti Sheikh’s Case Against UBS Presents Uncommon Puzzle
The main characters in the story testified at a five-day trial last week
07/01/2013
Private Client Practices Can Hedge E-Discovery Work
Armies of Junior Associates for E-discovery may not be a viable law firm practice in the future.
06/30/2013
Tax haven Liechtenstein opens consulate in Hong Kong to boost ties
European tax haven wants to boost its presence in Asia as region's economic power grows
06/30/2013
London tax lawyer in 71-strong partner round at Global law firm
The Firm also reported that it has added 60 lateral partners in key practice areas and jurisdictions over the past year.
06/30/2013
HSBC Whistleblower Hervé Falciani to Advise French Lawmakers on Fighting Tax Evasion
To help the country to draft new laws against tax evasion, despite being hunted down by Swiss authorities for allegedly breaching banking secrecy.
06/30/2013
Billionaire Saudi prince grilled in UK court over Gaddafi jet
The prince is being sued by Daad Sharab, a Jordanian businesswoman who says she was not paid a promised $10 million commission
06/30/2013
German Bundestag Backs US FATCA IGA
The bill provides the legal basis for transposition of the US Foreign Account Tax Compliance Act provisions into German law.
06/30/2013
Directors' remuneration reporting reforms — legislation finalised
The new regime is being implemented partly through changes to the Companies Act 2006 and partly through new regulations to be known as the Large and Medium-Sized Companies and Groups (Accounts and Reports) (Amendment) Regulations 2013 (Regulations).
06/29/2013
City wizard fights to clear name
It has been 15 months since the one-time JP Morgan Cazenove rainmaker was forced to resign after a highprofile market abuse case.
06/29/2013
Sinn Fein link to Northern Trust rogue trader's scam
A SENIOR Sinn Fein figure is thought to have helped uncover a rogue scheme operated out of US financial services firm Northern Trust's Irish office
06/27/2013
Statements from the SBA regarding the extended due diligence requirements as well as the implementation of the recommendations of FATF
The SBA generally supports the adoption and implementation of international standards such as the recommendations of the FATF.
06/27/2013
Tax evasion and occult financing find citizens, governments, even the Pope at odds
The Cahuzac scandal involving the French former budget minister and evidence he committed fiscal fraud remain a thorn in the president’s side
06/27/2013
Advisers: Most new assets will be in clean funds in 12 months
Two thirds of advisers expect the majority of new platform business to go into clean share classes over the next 12 months
06/27/2013
FATCA Compliance Still a Concern According to Northern Trust Survey of Asset Managers
The survey was conducted among 60 Northern Trust clients in Europe, Middle East and Africa attending a seminar on The Foreign Account Tax Compliance Act (FATCA) at Northern Trust's Canary Wharf offices.