05/01/2012
FSA fines wealth firm £26k for 'serious' failings
The FSA found that Christchurch’s Compliance Officer, Thornberry, failed to ensure that client money and assets were managed appropriately.
04/30/2012
The delivery of information on bank employees to the U.S. will be regarded as a “constructive contribution,” the Zurich- based newspaper cited Scholl as saying.
04/30/2012
The firm notified staff and created a telephone hotline for client advisers to check whether they are on the list, the Swiss newspaper said.
04/30/2012
Senator Rand Paul is blocking an amendment to a U.S.-Swiss tax treaty, slowing Switzerland’s handover of data on thousands of Americans with bank accounts hidden from the U.S. Internal Revenue Service.
04/27/2012
Italian financial police had seized the assets saying they belonged to members of the Gaddafi family, but the Libyan Investment Authority (LIA) said that was not true.
04/26/2012
The CA's freeze order was in response to an ex-parte petition filed by Philippine Anti-Money Laundering Agency, from which the UK's Serious Fraud Office (SFO) sought assistance.
04/26/2012
He was head of the bank's real estate investments division in China, is also accused of secretly acquiring valuable property in China.
04/25/2012
In an order made public on Tuesday, U.S. District Judge Laura Taylor Swain in Manhattan entered the forfeiture order, covering money seized from a U.S. correspondent account held at UBS in Stamford, Connecticut.
04/25/2012
Pottage has remained at UBS throughout the proceedings and the bank has supported him, saying the disciplinary action was ‘unjustified’.
04/24/2012
The Federal Prosecutor’s Office and the Federal Justice Office have confirmed that Switzerland last year gave legal assistance to Hong Kong in a money-laundering case against Musa Aman, Chief Minister of the Malaysian State of Sabah on Borneo.
04/24/2012
A handful of iconic collectible Krugerrands have been found to be up to 5 percent short on gold, South Africa’s central bank said Tuesday following an investigation that led to the suspension of two mint managers.
04/23/2012
China's highest court spared a 30-year-old millionaire once labeled one of China's richest women from the death penalty, in a case that drew attention to the country's underground lending market and elicited an outpouring of online protests
04/23/2012
The private client specialist, which already has offices in Edinburgh, London, Guernsey and Geneva, has revealed that it is in advanced negotiations to sign a lease on a site close to George Square.
04/23/2012
Switzerland has decided to give in to demands by Britain to modify a planned bilateral tax treaty, after continued opposition to the accord.
04/23/2012
The Financial Services Authority (FSA) has lost a test case involving UBS in which it tried for the first time to punish a senior manager for inadequate supervision rather than for errors he personally committed.
04/23/2012
DRAFT LEGISLATION was submitted to the Department of Finance by accountancy firms KPMG and Deloitte as part of the lobbying for a new scheme that will allow foreign executives working here pay less income tax.
04/23/2012
The government "does not have plans" for a wealth tax or other fiscal measures, Grilli said during testimony before the Chamber of Deputies parliamentary budget committee.
04/20/2012
Those following the state of UK giving could be forgiven for having allowed themselves to feel cautiously optimistic during the past two years.
04/20/2012
The Volcker Rule could negatively impact investing in bonds by leading to the creation of a two-tiered market for municipal bonds while also reducing liquidity for some corporate bonds, Snook said. It could also impact mutual fund investing, he said, by r
04/19/2012
Ao is currently on trial for corruption and money laundering. On Monday, the court was told that a company controlled by Lau and Steven Lo allegedly paid a bribe of 20 million Hong Kong dollars ($2.6 million) to the defendant in 2005.