03/13/2013
Taxman set for more time to hunt dodgers
Recent cases have seen HMRC battle cases successfully through the courts
Legal,Regulation,Tax & Compliance
03/12/2013
FSA to ban platform legacy rebate deals from 2016
The new rules will be revealed officially in the near future, most likely in the upcoming platform paper.
03/11/2013
FSA secures four year sentence for insider dealer
Joseph’s trading resulted in a net profit of £591,117 on trading between September 2007 and July 2008.
03/07/2013
IFA firm director banned from working in regulated financial services
"He both failed to understand or act upon either his personal duty to his customers or his obligations as principal to a number of Appointed Representatives."
03/07/2013
U.S. regulators look to punish bankers for money laundering
Regulators and law enforcement authorities have recently settled with top banks
03/07/2013
Hedge Fund Manager Charged in US Captured in Italy
He was the founder and chief investment officer of Absolute Capital Management Holdings Limited, a Cayman Islands-based investment advisor that managed nine hedge funds from 2004 until September 2007.
03/06/2013
Where To Go as Swiss are Shutting Out U.S. Taxpayers
Beware of Safe-havens Other than Switzerland
03/06/2013
HMRC tax crackdown on second home sales
Revenue offers limited lower penalties for people who sold second properties but didn't pay enough capital gains tax – but promises harsh subsequent penalties
03/06/2013
Deutsche Bank 'overcharged investors by millions of dollars in British stamp duty'
Investors were overcharged millions of dollars in British taxes by Deutsche Bank
03/05/2013
Arrest warrant issued for tax evasion scheme's alleged mastermind
The court heard that between 1999 and 2005, the accountant helped two Gold Coast phonebook salesmen make millions through an offshore tax evasion scheme he set up.
03/05/2013
FSA was warned of 'significant' Libor problem in 2008
Bank regulators realised as early as 2008 that manipulation Libor could pose a “significant” problem
03/05/2013
London- based wealth manager Says Ex-Employee Arrested on Suspicion of Fraud
The firm reported the broker, who retired on Aug. 3, to the police and Financial Services Authority
03/05/2013
China Regulator: Cracking Down on Asset Pooling by Banks
Critics say the practice could allow the emergence of a kind of ponzi scheme whereby banks use funds from the sale of new wealth management products to repay previous investors.
03/05/2013
Commerzbank Says in Appeal Dresdner Bonus Ruling Flawed
Commerzbank, which bought Dresdner in 2009, said the awards weren’t deserved after a 6.5 billion-euro loss
03/05/2013
Ex-UBS executive to be tried in online vice ring case
In this case, it will be argued that mens rea is required
03/05/2013
Ikos Co-Founder Sues Hedge Fund Over Software Copyrights
Martin Coward, the co-founder of Ikos Asset Management Ltd., sued his estranged wife’s businesses in a U.K. cour
03/04/2013
Swiss bank Wegelin ordered to pay in U.S. tax evasion case
A U.S. court on Monday sentenced Wegelin & Co, the oldest Swiss private bank, to pay $57.85 million after it admitted to helping wealthy Americans evade taxes.
03/04/2013
Brits With Homes Overseas Face CGT Disaster
Hard-up Brits looking to sell their overseas second homes are being urged to think twice to avoid a double whammy that could leave them out of pocket.
03/04/2013
FSA to crack down on use of investor cash for CEO access - FT
Britain's Financial Services Authority is set to go after asset managers using investors' money
03/04/2013
Tax guru and author launch wealth arm for accountancy firm
The pair are partners at Hillier Hopkins and will aim to build on their long-standing relationships with the firm’s clients.