Managers of Wealth Offshore

UK government rejects calls for British version of FATCA

Magazine claims draft legislation exists already

FSA to review bribery and corruption in the asset management industry

The law firm says twenty two asset managers have already been identified for review with the regulator set to publish its report in the third quarter of 2013.

Insider-Trading Probe Looms Over Hedge Fund Titan

For years, since the SEC began its far-reaching investigation into insider trading within the hedge fund universe, its probe has led to civil and criminal charges against former SAC traders and investment managers.

London Stock Exchange CEO says Italy Tobin tax an error

The London Stock Exchange controls Italy's Borsa Italiana

Harvard Doctor Turned Morgan Stanley Felon Was Lured by Riches

"He was always setting goals and reaching them -- and never being satisfied.”

Morgan Stanley Wins Unfair Competition And Raiding Case Against Robert W. Baird

Claimant sought compensatory damages, punitive damages, attorneys’ fees, and costs against Respondent Baird.

Morocco Eyes Tax On Wealth

The minister insisted that the government would have to make sure that the tax could be adapted to Moroccan society.

Links and Addleshaws head up £12bn Quilter-Cheviot wealth management merger

The merger, which is subject to regulatory approval, is expected to be finalised by the end of the year, with the merged firm known as Quilter Cheviot.

FSA fines UBS over trading scandal

The systems and controls failings revealed serious weaknesses in the firm’s procedures, management systems and internal controls.

Macfarlanes rehires top-rated private client partner from Speechlys

He will rejoin the firm in the first half of 2013, bringing the total number of private client partners at Macfarlanes up to 13.

Swiss to vote on tax rules for millionaires

Switzerland could scrap tax breaks for foreign millionaires after activists succeeded in getting a more-than-century-old law put to a popular vote.

UBS reportedly nears £50m settlement following Kweku Adoboli fraud

UBS is reportedly nearing a settlement with regulators that could land it with a fine of up to £50m for failures that led to a $2.3bn (£1.4bn) rogue trading loss.

BNP Paribas Warns Investment Trust Boards of Changing Role Under AIFMD

BNP Paribas is urging Investment Trust Boards to begin working through the challenges the rules present or risk a duplication of effort, needless complexity and possible breaches of fiduciary duty.   

Germany rejects landmark Swiss tax deal

The SBA takes note of this decision with regret

UniCredit, Barclays Brontos Tax Case Is Moved to Bologna

Twenty individuals were indicted in June for their role in the alleged tax fraud.

Deutsche Bank’s Jain Declines Bundestag Libor Hearing

The Bundestag’s finance committee, which listed Jain as a witness in a Nov. 12 statement on its website, will hear representatives of banks and regulators on Nov. 28.

UBS faces record fine following Kweku Adoboli fraud

UBS is braced for a record multi-million pound fine for failures in its systems and controls that allowed former employee Kweku Adoboli to conduct Britain’s biggest bank fraud.

Taxation of high value residential real estate – Help! What can we do now?

Consultation on the paper ‘Ensuring the fair taxation of residential property transactions’ has now closed and draft legislation is expected ‘on or before’ 11 December 2012.

Ex-hedge fund trader charged in $276M insider ploy

Mathew Martoma was charged in U.S. District Court in Manhattan with using confidential information about an Alzheimer's disease drug trial

Arabian Gulf private wealth is facing increased scrutiny

Shadow banking is a catch-all term for an industry that encompasses hedge funds, private equity firms and structured investment vehicles, which blossomed outside the conventional bank sector during the past decade.