05/26/2013
Swiss parliament won't vote on details of US tax deal
Negotiations with the United States involving about a dozen Swiss banks appear to be entering a final phase
Legal,Regulation,Tax & Compliance
05/26/2013
French budget minister warns tax evaders to confess now
Parliament will start in June to debate a draft law reinforcing tax oversight that foresees tougher penalties for evaders
05/26/2013
Liechtenstein's Economic Crime Unit Boasts Results
Bilateral cooperation between Liechtenstein and other FIUs has been strengthened in a targeted manner
05/25/2013
FSB halts possible bid by Old Mutual to sidestep commission regulations
The FSB says the registrar of long-term insurance has directed Old Mutual to submit a plan detailing the action that it will take to comply
05/24/2013
HSBC’s Flint apology over money laundering scandal
HSBC chairman Douglas Flint publicly apologised to shareholders yesterday for the bank’s failings after it was fined £1.3 billion in December
05/23/2013
Bank chief probed over secret deals
Austrian executive allegedly used Hong Kong firm to buy Singapore flats
05/22/2013
Little Fine for JP Morgan, Big Fish for UK Watchdog
The Financial Conduct Authority (FCA) has fined J.P. Morgan International Bank Limited (JPMIB) £3,076,200 for systems and controls failings relating to its provision of retail investment advice and portfolio investment services.
05/22/2013
Speechlys pledges third European office opening after Withers talks collapse
We intend to open a third office in a major European location
05/22/2013
Withers and Speechly Bircham call off merger after top-level talks
our strategy of developing our well-established commercial and private wealth practices in an increasingly international context
05/22/2013
SJ Berwin loses finance director to FFW
He will start work at FFW next week
05/21/2013
German state to buy more bank data in tax clampdown
The pledge comes amid a growing debate in Europe about tax evasion after the leaking of thousands of holders of secret bank accounts.
05/21/2013
London’s most controversial legal scandals
From Russian oligarchs to Saudi princes, check out London’s most expensive legal wrangles
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