Managers of Wealth

BGC executive banned from City over dishonesty concerns

The FSA believes that he is not a fit and proper person due to concerns over his honesty, integrity and reputation.

FSA fines Swiss private bank £525k for money laundering failings

Failure to take reasonable care to establish and maintain adequate AML systems and controls went on for three years, the FSA said, and the firm was exposed to an ‘unacceptable’ risk of money laundering.

Wealthy Sweden spending too little - policy adviser

The Swedish Fiscal Policy Council, a state agency that evaluates government policy, said it saw little risk the country would breach spending ceiling rules in the coming years and instead urged the government to slacken spending constraints.

Not guilty plea in $10m bank error trial

Appearing in the Rotorua High Court this morning Kara Mary-Jo Hurring, 33, entered the plea on on 25 counts of theft, three counts of attempting to dishonestly use a document, and two counts of money laundering.

Swiss bank whistle-blowers said to have handed over data to UK

The authorities are examining the data before writing to U.K.-resident account holders and sharing the information with other countries, said the people, who declined to be named because the matter is confidential.

The tax cap is in danger of deterring innovative philanthropists

Last week the Cabinet Office hosted a slimmed down version of its giving summit, the culmination of a year's consultation to encourage a US-style giving culture and raise the amount of money flowing to charitable causes.

OECD launches Tax Inspectors without Borders

Building on that concept, the OECD will establish an independent foundation, to be up and running by the end of 2013, that will provide international auditing expertise and advice to help developing countries better address tax base erosion, including ta

Surveillance spend to soar as regulators crack down - Tabb Group

Increased market fragmentation has made it more difficult to pick out market manipulation across Europe's trading venues, pushing the European Securities Markets Authority to enact tough new market abuse rules.

Black money: fin min examining CBDT report

Nearly ten months after it was formed to examine ways to check the menace of black money, a committee under the chairmanship of Central Board of Direct Taxes (CBDT) chief has submitted its report to the finance ministry.

UBS Exposes Its Frivolous Briefs In $21 Million FINRA Customer Arbitration

Claimants sought $7,000,000.00 in compensatory damages, $14,000,000 in punitive damages, interest, attorneys’ fees; costs; and expenses.

Legislation would cut taxes for companies that move jobs to US

The bill, introduced by Congressman Bill Pascrell, D-N.J., and Sen. Debbie Stabenow, D-Mich., would provide a 20 percent tax credit to U.S. companies that bring jobs and business operations back to America, while ending tax breaks for companies that send

FSA fines Martin Currie £3.5m over client conflict

This is the largest fine ever imposed by the FSA in a conflict of interest case.

LawInContext launches Global Anti-Corruption / Anti-Bribery e-learning training courses

The global e-learning program includes industry focused content for the financial services industry sector and is fully customizable for a particular institution.

Payne Hicks Beach boosts private client team

He brings with him a knowledge of tax, trust and estate planning for wealthy individuals, as well as their advisers and trustees, both domestically and internationally.

Ex-Dresdner Kleinwort bankers win bonus battle‎

The failure of Dresdner Kleinwort to pay bonus deals as stated in December “was wrongful and in breach of express and implied terms”, the claimants had argued.

Stolen HSBC data allowed by Paris court in tax probe

Arlette Ricci disputed the validity of using the data, stolen by a former HSBC employee and seized from his home in 2009, in pursuing her for allegedly hiding wealth in HSBC accounts in Switzerland to evade taxes, AFP said, citing Jean- Marc Fedida, her l

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