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.
04/19/2012
The legislation, which came into effect on April 6, has been given a cautious welcome by law firm Boodle Hatfield.
04/19/2012
From 2013, the so-called “Rubik” deal – judged “fully compliant” with European Union law on Tuesday by the bloc’s taxation commissioner – should forbid such operations, but the accord is open to interpretation.
04/18/2012
Paris prosecutors opened a formal investigation April 12, after conducting a preliminary inquiry with the customs service into a complaint by France’s Prudential Control Authority in February 2011 over the bank’s practices in France.
04/17/2012
But Austria's deal is far less favourable than those struck by Britain and Germany, which both responded to political pressure by extracting big up-front payments and more concessions from Switzerland.
04/17/2012
The bank will buy the building on North Wall Quay from the National Asset Management Agency, said the person, who asked not to be identified because the details are private. Anglo
04/17/2012
The U.S. Senate has blocked President Barack Obama’s proposal to raise tax rate on those who earn more than $1 million a year.
04/16/2012
The defections show how serious a blow the loss of the veteran banker - one of the driving forces behind the breakup of Dutch lender ABN AMRO in 2007 - could be for Bank of America.
04/16/2012
This was illustrated in early April, when the US futures regulator filed a lawsuit against Royal Bank of Canada.
04/16/2012
In the latest attempt to end the long-running dispute, Switzerland's Federal Council has now authorized banks to hand over email traffic in connection with such clients to U.S. prosecutors, the Tages-Anzeiger newspaper reported.
04/16/2012
The regulations were proposed by the Federal Council and must be voted on by the country’s parliament, the newspaper reported.
04/16/2012
Almost one in 10 people earning more than £10 million a year is paying less than the 20% basic rate of income tax, the Treasury says.
04/16/2012
An independent French magistrate has been named to examine the commercial practices of Swiss bank UBS AG, financial daily Les Echos reported on Monday.
04/13/2012
The British fund manager has marked 14 May as the day it will produce the information documents for investors - about six weeks before the 1 July deadline set by the European Union for regulated products.
04/13/2012
The transaction proceeded by way of a Jersey scheme of arrangement and has received the required regulatory approvals and the sanction of the Jersey Royal Court.
04/12/2012
He joins Ogier from Gorvins in Manchester, where he was the partner in charge of their wills, trusts and probate team and led a number of client mandates across the trust sector.
04/11/2012
Appleby (Cayman) has formed a dedicated Regulatory and Financial Services Team to provide advice to local and international clients on regulatory matters in the Cayman Islands.
04/11/2012
Denouncing the legacy of outgoing President Nicolas Sarkozy’s five-year term in office, marked by accumulated debt of EUR612bn (USD799.7bn), by a proliferation of supplementary finance laws and incoherent budgets, aimed at maintaining the fiscal pri
04/11/2012
Mauritius owes its tax status to historic ties with India, which resulted in a treaty signed in 1983.
04/11/2012
Credit Suisse Group can’t disclose a client’s account data to U.S. tax authorities because a request for assistance last year addressed only tax evasion, which isn’t covered by a 1996 treaty, a Swiss court ruled.