05/21/2013
London’s most controversial legal scandals
From Russian oligarchs to Saudi princes, check out London’s most expensive legal wrangles
Legal,Regulation,Tax & Compliance
05/21/2013
Italy Prime Minister slams 'hypocrisy' over tax fraud
Italian Prime Minister complained of "incredible hypocrisy on a European level
05/21/2013
Turkey passes "wealth amnesty" law to lure back funds from abroad
In order to benefit from the amnesty, Turkish individuals or companies will be obliged to declare their wealth before the end of July.
05/21/2013
UBS Securities fined in Hong Kong
The disciplinary action followed an investigation into UBS holding
05/21/2013
Swiss banks facing huge fine over US assets
US authorities have repeatedly accused Swiss banks of complicity in tax evasion
05/21/2013
Linklaters City finance partner quits
Linklaters finance partner Chris Howard is set to leave the magic circle firm to join the London arm of Sullivan & Cromwell.
05/21/2013
Bonelli names new joint managing partners in top-level overhaul
Slaughter and May ally Bonelli Erede Pappalardo has appointed a new management team as part of a wider governance overhaul
05/21/2013
HSBC Client Who Aided U.S. Offshore Tax Probe Gets Probation
A New Jersey businessman who cooperated with prosecutors in a U.S. probe of offshore tax evasion avoided prison for conspiring with five HSBC Holdings Plc (HSBA) bankers to hide Indian bank accounts from authorities.
05/21/2013
U.S. Justice Department tells lawmakers no bank is too big to jail
No institution and no individual is immune from prosecution because of its size
05/20/2013
Russia asks Interpol to monitor movements of British hedge fund boss
An Interpol committee will meet on Thursday to decide whether to accept the Russian request
05/20/2013
Amid Spy Scandal, Russia Boots Baker & McKenzie Lawyer
Former Justice Department official and liaison to the U.S. embassy in Moscow, has been expelled from the country.
05/20/2013
Global pact to hit tax-dodging giants: Countries to exchange information about corporations who are not paying their fair share
Finance ministers from 17 EU countries, including Britain and Ireland, have signed a declaration backing the global system
05/19/2013
Minister says end to US tax dispute in sight
Swiss Finance Minister Eveline Widmer-Schlumpf says a resolution may be not far off to end a long-running dispute with the United States over Swiss banks accused of helping wealthy Americans evade billions of dollars of taxes.
05/19/2013
Wife wins battle for billion pound hedge fund
Their marriage may have ended in a divorce battle but as business partners their combination led to unprecedented success – worth billions.
05/19/2013
Bank of Montreal ordered to fix oversight lapses
Federal regulators are ordering the Bank of Montreal to take steps to correct lapses in oversight that could allow the bank to be used for money laundering.
05/19/2013
India, other FTA members to share offshore leaks tax info
FTA was set up in July 2002 by the Paris—based think tank Organisation for Economic Cooperation and Development.
05/19/2013
Tax Administration 2013: Comparative Information on OECD and Other Advanced and Emerging Economies
The series identifies some of the fundamental elements of modern revenue bodies.
05/19/2013
SJ Berwin name poised to vanish as King & Wood merger vote looms
SJ Berwin is gearing up for a vote on a global merger with Asia-Pacific firm King & Wood Mallesons (KWM) that would see the UK outfit’s name disappear.
05/19/2013
Nordic Countries Target Tax Evasion Ahead of EU Summit
A staggering 1 trillion euros ($1.3 trillion) is lost to tax evasion each year in the member countries of the European Union.
05/19/2013
Majority of brokers believe FCA is merely a rebrand
The survey of more than 150 brokers, carried out by compliance firm UKGI, also found that 20% feared that the FCA would have a negative impact on the industry, while 21% stated that it would have no impact at all.