Managers of Wealth

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.

White & Case and Speechly advise on Handelsbanken-Heartwood deal

White & Case is acting for Handelsbanken

Ex-Honister IFA pleads guilty to tax evasion

HMRC argued Douglass had evaded tax estimated at £730,000

Zamansky & Associates Announces Its Investigation of the UBS Willow Fund's Wind Down

The Willow Fund was a hedge fund which offered and sold more than $225 million in private placement interests

UBS wins end to 'travesty' of lawsuit over tax evasion

Thursday's decision arose from a July 2011 lawsuit by three customers who had held Swiss bank accounts at UBS, and joined an Internal Revenue Service amnesty program that required them to pay back taxes on balances plus 20 percent penalties.

ABN AMRO and Arjav Diamonds reach agreement

The parties have agreed to abandon all proceedings and discontinue all measures

K1 Hedge Fund Founder Indicted in $311 Million Fraud

The information filed against Tausche alleges a similar scheme against Barclays Bank

Tax on SA's rich coming soon?

There is widespread agreement among experts that the wealthy will face heavier taxes

UBS owes Brazil $1.2 bln taxes for 2006-09

UBS sold the unit to Brazilian financier André Esteves and his partners for $2.5 billion in 2009 - the transaction led to the formation of BTG Pactual.

HSBC's global spread left it open to crime: CEO

The probe made scathing criticism of HSBC's anti-money-laundering systems and found its lax controls allowed two drug cartels to move $881 million through the bank.

$4.3 Million Arbitration Award Against GenSpring Family Offices

The team of Dovin Malkin & Ficken and Vernon Healy recently won a $4.3 million arbitration award against GenSpring Family Offices, a money management firm owned by SunTrust Bank, which offers investment advice and money management services to high and

IBAN: Is the SEPA End Date an Obstacle or an Opportunity?

The SEPA end date is fast approaching. Set for February, 2014, the date is the deadline by which domestic payment instruments within the SEPA area must be migrated to SEPA-compliant standards.

Italy Joins Global Tax Evasion Crackdown

The Italian government has announced a major drive to clampdown on taxpayers who hide their assets offshore

CFTC Orders The Royal Bank of Scotland plc and RBS Securities Japan Limited to Pay $325 Million Penalty

With this Order, the CFTC has now imposed penalties of more than $1.2 billion on banks for manipulative conduct with respect to LIBOR and other benchmark interest rates

HK regulator bans ex-Merrill Lynch Asia employee

The District Court found that, between September 2007 and February 2008, Hsu dishonestly effected a number of unauthorized transactions, fund transfers and loan draw downs in customer accounts that she handled during her employment with Merrill Lynch.

Legal,Regulation,Tax & Compliance