02/17/2012
Prosecutors rests in fraud trial of Texas billionaire
The start of Stanford’s defense was briefly delayed as his attorneys asked U.S. District Judge David Hittner for time to discuss how they would proceed.
02/17/2012
Singapore Toughens Fight Against Tax Evaders
The FATF is the global standard-setter for measures to combat money laundering and terrorist financing.
02/17/2012
Boiler room alert: share fraudsters return to target wealthy investors
Private client investment managers are reporting that their clients are being targeted by bolier room scams.
02/17/2012
Senior bankers caught up in film investment tax probe
Three senior investment bankers have emerged as being among the 16 individuals arrested last week as part of an investigation into allegations of tax evasion involving film financing schemes.
02/16/2012
Closed UK hedge fund ordered to pay $76.8m
Sweet ruled that Pentagon Capital and Chester must disgorge $38.4 million in improper profits on the trades. He imposed the same amount as an additional civil penalty.
02/16/2012
Bullion company being investigated
SFO staff have secured the company's financial records and made additional inquiries.
02/16/2012
UBS suspends traders in Libor probe
Other traders based in Zurich were suspended last year and in January, the report added.
02/15/2012
Julius Baer Expects Fine In Tax Probe From CHF50 Million To CHF250 Million
CEO Boris Collardi cited outside analysts' estimates of a fine in the range of CHF50 million to CHF250 million, saying, "I guess that's what's reasonable to expect."
02/15/2012
International Awards for Luxembourg Law Firm
In addition to the challenges posed by today's economy, the Luxembourg jurisdiction has witnessed the local legal market diversify and intensify.
02/14/2012
"We have sent a communication to them, asking them to tell us about the source of the sundry income and how it has been dealt with. We are yet to get a response from them," Shah said.
02/14/2012
”Every idea is valuable, and I sense that this is why people feel engaged.”
02/13/2012
Justice Department calls Swiss Bank a “fugitive’’
Wegelin & Co. is accused of helping at least 100 U.S. clients conceal huge sums of money from the IRS in overseas accounts.
02/11/2012
Individuals with money in offshore bank accounts who argue that their funds are a “gift” should collect evidence to support their claims, following the verdict in a high-profile court case this week, accountants have warned.
02/11/2012
Hedge fund manager charged with insider trading
The president of a Menlo Park hedge fund Friday became the latest figure to be indicted in the Galleon insider trading scandal that has stretched from Silicon Valley to Wall Street.
02/11/2012
Barclays' bonus pool is not the only part of its results that has riled investors: the bank's accounting practices have caused controversy too.
02/11/2012
Standard Chartered’s CEO for Asia breaches FSA rules in £2 million share trade
Tim Baxter, Stanchart’s London-based head of corporate communications told Euromoney: “Yes, there has been a breach.”
02/08/2012
Some 2,000 people from the UK with money invested in Liechtenstein have come forward after the tax haven was put under the spotlight.
02/08/2012
UBS Employee Tax-Evasion Probe Dropped by German Prosecutors
A four-year-old investigation that included searches of offices and private property, didn’t support allegations initially made in a television-news report, prosecutors in Mannheim said in an e-mailed statement.
02/08/2012
Russia eyes luxury tax
Russia plans to introduce a tax on luxuries eyeing the European experience, although many experts doubt this ‘Robin Hood’ initiative will be successful.
02/07/2012
Julius Baer ready to pay fine to avert U.S. probe
U.S. officials have in recent months been piling pressure on Swiss private banks like Baer whose clients include wealthy Americans with hidden offshore accounts.