Managers of Wealth

Fingleton moved €500,000 offshore in wake of debt order

Mr Fingleton moved the €500,000 to an account in his name at the Atlas Mont Bank in Podgorica, Montenegro, in November 2010.

Harry Redknapp accused of opening an offshore account to avoid tax

Redknapp was accused of paying two untaxed payments from Mandaric of £189,500 into the account shortly after Crouch's transfer.

List Shows Where UBS Clients Moved Funds, Tages-Anzeiger Says

UBS spokesman Serge Steiner said the bank hasn’t handed over “institution-specific” information to the U.S., according to the report in today’s newspaper.

Big Four firm regains leadership position in 2011

PricewaterhouseCoopers Regains Leadership Position In 2011

Prominent lawyers named in million-dollar civil-action suit

It also led to the suicide of a Singapore warehouse manager, who was a star witness in the case and an employee of the warehousing company Fujitrans (Singapore).

UBS hit with $300,000 fine by SEC

The misconduct was revealed during the course of an SEC examination, minimizing investor harm.

A.M. Best Releases Updated Criteria Report on Rating Takaful Insurance Companies

The updated criteria report takes into consideration the changes reflective in the Takaful market, particularly regarding the increasing development of the regulatory framework within certain countries and the key issues relating to Takaful operating stru

Key changes in Russian tax legislation take effect

Another difference under the new law is that the taxpayer must report any controlled transaction to the tax authorities and must supply supporting documentation to confirm the price reported. Previously, the burden of proving that an unfair price had been

Switzerland eyes tax deals, US talks 'not so easy'

Switzerland has already agreed to allow tax evasion investigations with countries including the United States and Germany, and struck deals with Germany and Britain to enable them to claw taxes back from their nationals.

Five arrested over Rowan Dartington fraud allegations

Five men have been arrested on suspicion of fraudulent transactions from accounts held at Bristol-based stockbroker Rowan Dartington

IRS revives offshore tax dodger forgiveness

Two previous IRS programs, in 2009 and 2011, brought in more than $4.4 billion in taxes from tens of thousands of tax evaders, said the tax collection agency.

US authorities set to take legal action against Switzerland's oldest bank

In moves which have strained U.S.-Swiss relations, dozens of U.S. clients and at least two dozen Swiss bankers have been charged following a crackdown on offshore tax evasion through Swiss banks.

US moves toward legal action against Swiss bank-sources

Negotiations in the case have reached a critical stage, with an indictment possible though the bank is seeking a deferred prosecution agreement, which would be less damaging

Neighbours say Swiss whistleblower was loner

They painted a picture of a man who kept to himself, rarely interacting with others in the tightly-knit community.

When Billionaire Tax Deals Go Bad

Although Anschutz received about $374 million, he argued they were pending deals not final sales. That meant tax deferral was appropriate, he argued.

Scottish grantmaker wins £3.5m lawsuit against bank

The Foundation received £38,920 for 2010 but said it should have received more than £3.5m.

Indian billionaire to appeal inside trading fine

In an order dated Jan. 5, the Securities and Exchange Board of India, or SEBI, said on its website it fined Manoj Gaur 1 million rupees (about $18,900) and an equal fine on his wife and brother for alleged insider trading.

PwC fined record £1.4m over JP Morgan audit

The independent arbitrators found PwC, now lead by chairman Ian Powell, wrongly reported to the Financial Services Authority that JPMSL had complied with client money rules which govern the segregation and protection of client funds.

PwC fined record £1.4m over JP Morgan audit

Swiss bank says currency dealing claims 'partly incorrect'

The investigation ordered by Swiss National Bank (SNB) was carried out by auditors PricewaterhouseCoopers (PwC).

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