Managers of Wealth

Singapore Toughens Fight Against Tax Evaders

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

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

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

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.

Bullion company being investigated

SFO staff have secured the company's financial records and made additional inquiries.

UBS suspends traders in Libor probe

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

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

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

"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.

Legal,Regulation,Tax & Compliance