Managers of Wealth Offshore

Private Client Group transfers more than $1.2 billion in assets

Under the laws in place in 2012, an individual could transfer up to $5.12 million free of estate and gift tax

FSA bans fund manager and two traders for market abuse

The FSA has banned a Swiss fund manager and two traders for market abuse and hit them with fines totalling more than £1.5m.

Credit Suisse could owe $2 billion in National Century fraud: judge

Credit Suisse Group Inc faces a potential $2 billion of exposure over fraud that occurred a decade ago at National Century Financial Enterprises, a result of a federal judge's determination on how to apportion responsibility.

Former Global Wealth Management Firm Employee Arrested on Insider Trading Charges

An employee of a global wealth management firm (identified only as “Brokerage Firm A”) was arrested at his home this morning on insider trading charges related to Gilead Sciences Inc.’s $11 billion acquisition of New Jersey-based Pharmas

Bank probes find manipulation in Singapore's offshore FX market

The discovery widens a global lending rate scandal into new markets, as fallout from the Libor case puts banks under added scrutiny and spurs both regulators and institutions to reconsider how certain key interest and currency rates are set.

Deutsche Bank’s Jain Sickened by Libor Manipulation Scandal

Regulators from Canada to Switzerland are investigating whether more than a dozen banks, including Deutsche Bank, were colluding to rig the rate.

Barclays workers denied anonymity in Libor lawsuit

Guardian Care Homes is suing the bank for £38m for misselling complex interest rate derivatives.

Hungary puts pressure on Swiss banks to tax offshore funds

International agreements also stipulated that in exchange for anonymity the account holders

The Noose is Tightening on Offshore Tax Evasion

"For those US Taxpayers using foreign bank accounts, the noose is tightening," says FBAR Tax Attorney, Anthony Verni.

Schroders employee one of five arrested in insider dealing probe

Asset management company Schroders said one of its employees was among those arrested in the early morning raids

Fenergo’s FATCA solutions profiled in Datamonitor’s latest research

The financial services industry is facing a dilemma

French Wealth Tax – How does it affect UK citizens?

The location of your primary home is a key issue for deciding if someone is liable to the wealth tax in France.

HMRC plans to tax platform rebates in latest crackdown

A tax on rebates would hit bundled share classes, which are offered by most of the UK's platforms

Barclays Wealth division 'out of control', says secret report

Barclays has moved swiftly to part company with a senior executive after investigators alleged that he shredded a highly critical analysis of the maverick culture and bullying at the bank's one-time flagship Barclays Wealth business.

BRICS countries agreed to cooperate in tax policy areas

BRICS heads of revenue discussed issues of mutual concern in tax administration

Malaysia campaigners tackle Swiss banks

The rainforest advocacy group Bruno Manser Fund (BMF) has filed a complaint to the Swiss attorney general’s office against four banks – UBS, Edmond de Rothschild, Pictet and Deutsche Bank – for their dealings with the Malaysian Taib clan

Hungary to tax offshore wealth, ask for Swiss help

He said the central European country will ask Switzerland first to disclose all data pertaining to bank accounts of Hungarian citizens in Swiss banks.

Foreign Banks Rejoice: Overreaching U.S. Tax Law in Trouble

The penalty of not complying with FATCA will be that the institutions need to impose a 30% tax on non-compliant transfers or payments.

Barclays bankers' Libor anonymity 'implausible'

The suggestion that any 'publication’ through these proceedings would jeopardise an individuals

HMRC doubles team tackling tax avoidance by the wealthy

Exchequer Secretary David Gauke says: ““HMRC set up the new Affluent Team from some of the £917m made available in 2010.