Managers of Wealth

ICAI slaps notices on PwC India

"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.

Nicely does it as Bakers picks up top employer award

”Every idea is valuable, and I sense that this is why people feel engaged.”

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.

Offshore 'gifts' under HMRC scrutiny

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.

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.

Barclays criticised over accounting practices

Barclays' bonus pool is not the only part of its results that has riled investors: the bank's accounting practices have caused controversy too.

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.”

2,000 tax dodgers come clean in Liechtenstein clampdown

Some 2,000 people from the UK with money invested in Liechtenstein have come forward after the tax haven was put under the spotlight.

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.

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.

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.

UBS loses case to recoup bonus from ex-broker

The case is a rare win for a broker trying to oppose the return of unpaid bonus money, say lawyers.

Swiss launch competition probe against UBS, Credit Suisse for suspected rates manipulation

The banks are suspected of colluding to influence key interest rates and the trading conditions for complex financial products that allow investors to bet on further interest rates — known as derivatives — the commission said in a statement Fr

Japanese banks under investigation by Swiss authorities

Collusion between these banks is suspected to have influenced the London interbank offered rate and the Tokyo interbank offered rate, two indicators of the interbank interest rate level.

Ashurst makes debut for new client opposite Links on $800m TPG buyout

Linklaters and Ashurst have taken lead roles on TPG Capital's $800m (£508m) acquisition of hedge fund services company GlobeOp.

UK FSA starts formal enforcement probe on UBS loss

Britain's Financial Services Authority (FSA) regulator has started a formal enforcement probe against Swiss bank UBS over last year's $2 billion trading loss at UBS's London arm.

Wealthy tax avoiders to feel Pravin's wrath

Elzahne Henn of global audit, tax and advisory firm Mazars said there would be "no good news for wealthy tax avoiders in 2012" when the Budget was delivered by Finance Minister Pravin Gordhan on February 22.

Julius Baer cautious about outcome of US tax evasion probe

Julius Baer is one of 11 Swiss banks under pressure from the U.S. to give up tax-evading American customers and the bankers who helped them.

Some U.S. banks awash in ID theft tax-fraud proceeds as IRS cracks down

The IRS says it has stepped-up its internal reviews, including by designing new identity-theft-screening filters, to spot such scams before refunds are issued.

"Incredulity" at broken Commerzbank pay pledge-banker

The London-based bankers, whose claims range from around 15,000 euros to 2.6 million, launched their legal battle in late 2009 after some were paid only 10 percent of the discretionary bonuses they were promised for 2008 out of a guaranteed minimum bonus

Legal,Regulation,Tax & Compliance