Managers of Wealth

Ex-Swiss banker may be helping US in tax probe-lawyers

Bagios is a central figure in the probe by the U.S. Department of Justice into offshore tax evasion

Standard Life 'goes live' with adviser charging on key post-RDR products

Ex-Banker Girlfriends Doubled Money on Insider Trading

“These two women managed to almost double their money by trading on just one stock

Tycoons in £100m war on fraud police

Flamboyant property tycoons Robert and Vincent Tchenguiz could sue the Serious Fraud Office

SocGen to suspend some Japan activities

FSA - Financial Services Agency : Administrative Actions against Société Générale Private Banking Japan Ltd.

UBS CFO Says 550 Fired After $2.3 Billion Trading Loss

Bonuses at the investment bank were also reduced by about 60 percent after the loss.

Ayrault Says Art Will Not Be Included in French Wealth Tax

The French government will not include art works in its wealth tax, the prime minister and budget minister said in separate interviews today.

Esma rejects Aima/BVI challenge

The European Securities and Markets Authority has rejected last-ditch attempts by two trade associations representing fund managers to reconsider new guidelines aimed at strengthening investor protection and harmonising regulatory practices.

Two grad students discovered Libor rate rigging in 2010

Students Connan Snider and Thomas Youle were repeatedly turned down by academic finance journals

HMRC tightens screw on expat workers in City

HMRC received £117.2m from its expat team’s compliance work in 2011-12, on top of the tax already paid by foreign workers in the City.

Barclays fined by Asic for client money infringement

In determining the appropriate penalty in this matter, the Markets Disciplinary Panel took into account all relevant guidance in ASIC

Ex-UBS Client Avoids Prison in Offshore Tax Case

He cooperated with prosecutors in a crackdown on offshore tax evasion.

UBS Executive Probing Adoboli Trades Ignored Co-Workers

Prosecutors say Adoboli, who is on trial for fraud and false accounting tied to the trading loss

Top personal income tax rates increase in 2012: KPMG

Even prior to the rate reduction, the UK drops from 4th highest to 5th highest in the EU

Tax havens and tax hells

KPMG's latest Individual Income Tax and Social Security Rate Survey covers 114 countries and finds 10 countries that charge no personal income tax at all.

Police bust wine merchants for tax evasion

Three officials for the Italian customs agency in Naples and Bari are also being probed.

Singapore unveils proposals to tackle tax crime

Having flagged its intentions in October last year, Singapore's markets watchdog yesterday started a consultation* on designating tax crimes as money laundering (ML) predicate offences.

The Intruders crash investment banking awards dinner

The awards dinner run by The Banker magazine is billed as 'the Oscars of the investment banking industry'

Libor-rigging bankers should be jailed, survey finds

Almost 90pc of people in the UK believe bankers who commit fraud or manipulate markets such as Libor should be jailed

Govt to step up 'ruthless pursuit' of tax avoiders

"We are the party for low taxes for the many, not of no taxes for the few."

Legal,Regulation,Tax & Compliance