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Legal,Tax,Compliance

U.K. Lawmaker Targets Bank Executives
02/22/2012
The Conservative Member of Parliament for Wycombe is hoping to attract cross-party support for a new bill that will force bank directors, already under pressure over the size of their bonuses, to take personal liability for any losses suffered under their

I-T dept to initiate prosecution action in HSBC Geneva cases
02/20/2012
Germany had last year provided the names of some Indians, having secret accounts in Liechtenstein's LGT Bank.

LG and Withers target high net clients with Singapore launches
02/20/2012
LG’s Singapore launch, which will go live in the coming months through an alliance with local outfit PK Wong and Associates, marks the City law firm’s first base in Asia.

Hedge fund analyst arrested for insider trading
02/20/2012
Unfortunately for Kinnucan, the Feds had already tapped his phone and captured his conversations with Donald Longueuil, a former SAC portfolio manager, and Level Global Investors LP co-founder Anthony Chiasson.

Swissrisk Financial Systems - ready for FATCA
02/20/2012
In order to assist financial institutions to comply with this new legislation, Swissrisk Financial Systems, a Dion Global Solutions company, has developed ‘FATCA Gateway’

Italian tax men blitz the chic in ski resort raids
02/20/2012
Italian tax agents donned skis, gloves and goggles to launch an unusual blitz in the chic ski resort of Courmayeur, two months after a similar raid on another playground of the rich, Cortina d'Ampezzo.

World’s largest offshore law firm to expand into Mainland China
02/20/2012
The new office, due to open on 2nd April 2012, will deliver fully integrated fiduciary and administration services and operate in tandem with the firm’s Hong Kong office, which has serviced Appleby’s local and international clients in Asia for

Prosecutors rests in fraud trial of Texas billionaire
02/17/2012
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.

Singapore Toughens Fight Against Tax Evaders
02/17/2012
The FATF is the global standard-setter for measures to combat money laundering and terrorist financing.

Boiler room alert: share fraudsters return to target wealthy investors
02/17/2012
Private client investment managers are reporting that their clients are being targeted by bolier room scams.

Senior bankers caught up in film investment tax probe
02/17/2012
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.

Closed UK hedge fund ordered to pay $76.8m
02/16/2012
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.

UBS suspends traders in Libor probe
02/16/2012
Other traders based in Zurich were suspended last year and in January, the report added.

Julius Baer Expects Fine In Tax Probe From CHF50 Million To CHF250 Million
02/15/2012
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."

International Awards for Luxembourg Law Firm
02/15/2012
In addition to the challenges posed by today's economy, the Luxembourg jurisdiction has witnessed the local legal market diversify and intensify.

ICAI slaps notices on PwC India
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.

Nicely does it as Bakers picks up top employer award
02/14/2012
”Every idea is valuable, and I sense that this is why people feel engaged.”

Justice Department calls Swiss Bank a “fugitive’’
02/13/2012
Wegelin & Co. is accused of helping at least 100 U.S. clients conceal huge sums of money from the IRS in overseas accounts.

Barclays criticised over accounting practices
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.

Standard Chartered’s CEO for Asia breaches FSA rules in £2 million share trade
02/11/2012
Tim Baxter, Stanchart’s London-based head of corporate communications told Euromoney: “Yes, there has been a breach.”