Managers of Wealth

Goldman private wealth client holds suspect Heinz account-filing

The U.S. Securities and Exchange Commission filed a lawsuit against unknown traders last week

Sound remuneration policies on the AIFMD - Final guidelines released - Withers

The Guidelines follow ESMA’s consultation on the draft remuneration guidelines which closed in September 2012.

FSA launch adviser charging review

FSA has launched a thematic review into the disclosure and delivery of adviser charging in the post-RDR regulatory landscape

G20 ‘determined’ to address tax evasion by multinational companies

“We are determined to develop measures to address base erosion and profit shifting.”

Leumi and Tefahot implicated in Los Angeles tax evasion case

According to an indictment against a former Israeli businessman, the alleged tax evasion took place between 2003 and 2010, and involved the opening of a bank account in Israel.

Old Mutual under probe in London over Zimbabwe diamonds

Simultaneously, UK parliamentarians are calling for tougher measures against all Marange diamond miners, including naming them on the sanctions list, as well as asking for an investigation into one major City name – FTSE 100 financial services firm

FSA Faces Legal Action over Mis-Selling Derivatives Review

The Manches-led group action has three months from the date the findings from the Pilot Scheme were announced to file the lawsuit.

Tax incentives for corporate bonds on cards

Interest on corporate bonds tax-free was also being considered.

IT Monkey Takes On Greek Tax Evasion

“We must organize services better and cut routine procedures.”

France Unveils National Plan To Fight Tax Evasion

The French Government intends to ensure more effective implementation of bilateral tax agreements

Switzerland, U.S. sign pact on fighting offshore tax evasion

The law requires foreign financial institutions to tell the U.S. Internal Revenue Service about Americans' offshore accounts worth more than $50,000.

SEC to Move on Fiduciary Standard in Next Two Months

"Opinions at the commission vary a great deal on the costs that it would impose

Offshore asset disclosure comes to Spain’s wealthy expats

From the start of this year, the Spanish authorities will be expecting these expats to reveal all.

Statement from the SBA regarding the signing of the FATCA agreement

The SBA welcomes the signing of an agreement between Switzerland and the US for the facilitated implementation of FATCA.

The Central Bank of Ireland Publishes Updated AIF Handbook

The AIF handbook also incorporates many of the changes requested by industry during the initial consultation process.

OECD urges stronger international co-operation on corporate tax

Global solutions are needed to ensure that tax systems do not unduly favour multinational enterprises, leaving citizens and small businesses with bigger tax bills.

UK fines UBS $15 million for failings in AIG fund sale

These failures led to UBS customers being exposed to an unacceptable risk of an unsuitable sale of the Fund. UBS also failed to deal properly with complaints from customers about sales of the Fund.

Barclays closes controversial tax avoidance unit

The new chief executive of Barclays is to close the bank's controversial tax avoidance unit

Libor scandal: 'This goes much, much higher than me,' says trader Tom Hayes at centre of probe

Tom Hayes, the trader at the centre of the Libor-rigging scandal, has warned that the conspiracy to manipulate key global borrowing rates could implicate senior bank executives.

Interdealer Brokers Emerge as Key Enablers in Libor Scandal

In some cases, the middlemen took bribes as payment for the services in the form of so-called wash trades, regulators said, without identifying the firms that did.

Legal,Regulation,Tax & Compliance