05/14/2012
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
05/14/2012
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.
05/13/2012
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.
05/11/2012
Claimants sought $7,000,000.00 in compensatory damages, $14,000,000 in punitive damages, interest, attorneys’ fees; costs; and expenses.
05/10/2012
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
05/10/2012
This is the largest fine ever imposed by the FSA in a conflict of interest case.
05/09/2012
The global e-learning program includes industry focused content for the financial services industry sector and is fully customizable for a particular institution.
05/09/2012
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.
05/09/2012
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.
05/08/2012
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
05/07/2012
When Congress passed the Investment Company Act of 1940 to prevent abuses of mutual-fund shareholders, it exempted Puerto Rico.
05/07/2012
Germany and Switzerland last month signed an amended tax treaty including a withholding tax to end a decades-long dispute over tax evasion.
05/07/2012
Pictet said in a statement the data handover took place in November 2010 via the Swiss tax office, which had received a request for assistance from its U.S. counterparts.
05/04/2012
The promised principal protection constituted a gross deception because the Lehman notes represented nothing more than unsecured loans by the investors to a financially faltering Lehman, according to the claims.
05/04/2012
HSBC Holdings Plc’s Swiss private bank said fines and penalties relating to a tax-evasion probe by the U.S. as it published figures showing clients outflows in the second half of last year. The terms or timing of a resolution to the Department of J
05/04/2012
HSBC Bank USA is suspected of giving free rein to money launderers
The extent of that failure is laid out in confidential documents reviewed by Reuters that originate from investigations of HSBC's U.S. operations by two U.S. Attorneys' offices.
05/04/2012
Following a strategic review four support staff and two lawyers in the private client team are at risk of losing their jobs.
05/03/2012
At the end of last year, the Swiss bank revealed that it had identified two monitoring controls that were lacking at the end of December 2010, when London-based Adoboli allegedly placed the unauthorised trades.
05/03/2012
Gareth Timms, who joined the firm in 2005, has over 12 years of experience working for Asset Based Lenders on contentious issues. He regularly represents banks, invoice discounting companies and other financial institutions handling claims from complex fr
05/01/2012
The report released today is an Interim Report of the FSB Workstream on Securities Lending and Repos and is preliminary to its work to develop policy recommendations in this area.