Managers of Wealth Offshore

More than 400 financial industry workers punished

The total figure is double that of the same period last year, which was 222, and is already nearly 74 percent of the total count for 2011.

Apologetic Swiss banks sweat it out as US, Europe mull redress

Washington, however, must factor forthcoming elections into its thinking, and Germany is delaying ratification of a tax deal key to Switzerland's efforts to strike similar agreements elsewhere in Europe.

Inquiry launched into RSM Tenon‎

PricewaterhouseCoopers is being investigated over its audits of crisis-hit corporate finance firm RSM Tenon.

Asia steps up fight against money laundering

US regulators are getting tough over money laundering activities and central banks in Asia are also monitoring developments closely.

UBS: Is 'Fiscal Cliff' Another 'Y2K'?

However, UBS economist Drew Matus wonders if we're blowing fears out of proportion.

UBS denies report it abets German tax evasion

The bank doesn't provide tax services to clients, UBS spokesman Dominique Gerster told Dow Jones Newswires.

French Constitutional Court Says Wealth Tax Rise Must Be Interim

The country’s parliament approved the increase last month as part of a supplemental budget.

Drafts of FATCA Model Intergovernmental Agreements Released

The US, UK, France, Germany, Italy, and Spain have jointly issued drafts of two versions of model agreements implementing FATCA through a process of intergovernmental information exchange (the “Model Agreements”).

Cayman Islands Scraps Plan To Tax Wealthy Expats

On Monday, Cayman Islands Premier McKeeva Bush told the press that the tax plan was “off the table and will not be implemented,” claiming that alternate sources of revenues had been already identified.

Swiss banks face slow death as taxman chases undeclared assets

#Western Europeans may pull as much as $139 billion, or 15 percent of their holdings, from Swiss banks, said Herbert Hensle of Cap Gemini. Bank Sarasin & Cie. AG reported last week that private clients withdrew 3 billion francs from Swiss locations in

Fraud inquiry threat to Barclays over Arab bailout

Serious Fraud Office collaborating with City watchdog's investigation into controversial deal

Standard Chartered US claims puts auditors back in dock

Auditor Deloitte has rejected claims it helped Standard Chartered hide $250bn (£161bn) of illegal Iranian transactions in the latest scandal to embroil the industry.

Amanda Allen bounced cheque case could affect UAE expats

Case involving a bounced cheque in Abu Dhabi could cause problems for Britons looking to buy property in the UAE.

Standard Chartered rejects Iranian 'scheming' claims: statement in full

Standard Chartered has firmly rejected claims that it “schemed” with Iran to conduct secret transactions worth $250bn (£160bn). Here is its statement in full.

Swiss seek U.S. tax deal by year-end, but not at any price

It also wants a deal to shield the remainder of its 300 or so banks from U.S. prosecution.

US Makes New Request to Swiss for Information on Alleged Tax Cheats

A spokesman for the Swiss Federal Tax Administration confirmed that a request for administrative assistance had been made by the fiscal authorities in the U.S. last month.

FATCA creates strategic dilemma for wealth managers

The inter-governmental rules were made in conjunction with France, Germany, Italy, Spain and the UK, which have all made reciprocal agreements with the US.

Fraud Office to be paid 'by results' for Libor probe

The SFO will have to make regular reports to the Treasury on its progress and on likely future cash needs.

US probe into bank manipulation of silver markets set to be dropped

US regulators have dropped a four-year investigation into manipulation of the silver market, according to reports. The decision, if true, will take pressure off JP Morgan and HSBC who were the main focus of legal complaint that sparked the regulatory pro

RBS facing US money laundering investigation

The part-nationalised lender made the disclosure in its half year results on Friday, where it reported a loss of £1.5bn in the first six months of 2012 and set aside £125m to cover costs related to the recent IT problems.