06/25/2012
The justices rejected an appeal by a man, identified by the initials M.H., who was held in contempt of court for refusing to comply with a grand jury subpoena seeking records that foreign- account holders are required to keep under the federal Bank Secrec
06/25/2012
ASSET managers face a culture shock following the implementation of the European Union’s Solvency II directive, according to research released yesterday by KPMG.
06/25/2012
The Indian tax authorities are on a drive to unearth black money of Indians stashed in bank accounts abroad.
06/24/2012
The Board of Directors, in its regularly scheduled meeting Friday, reviewed the capital situation of Credit Suisse Group.
06/24/2012
Kickback scandal proving to be highly embarrassing for Switzerland’s leading bank
This raises the matter to a federal level, indicating the potential seriousness of the case.
06/24/2012
International law firm files class action suit against UBS
The complaint charges UBS and certain of its former officers and directors with violations of the Securities Exchange Act of 1934. UBS is a global financial services company.
06/21/2012
The US legislation has worried foreign banks that have American clients as banks face penalties if they refuse to give the United States certain client information required under Facta.
06/21/2012
The €65,000 penalty handed out to the Swiss bank’s unit is part of Ireland’s broader effort to strengthen oversight of the banking sector after the financial collapse that forced the country to seek a €67.5bn bailout from the EU and
06/20/2012
JPMorgan Chase & Co., UBS AG and two other banks won an attempt to block U.K. prosecutors from seizing documents that Italian authorities sought to use at a criminal trial over derivatives, a London judge ruled today.
06/20/2012
Mr X, as the person has been referred to by tribunal, denied he owned an account with the UK-based UBS Wealth Management, called Customer A account, used by some UBS officials to make large-scale unauthorised transactions.
06/19/2012
Liechtenstein, a country known for its banking secrecy laws, recently agreed to allow its second largest bank, Liechtensteinische Landesbank AG, to turn over U.S. client data to the Internal Revenue Service (IRS) and the U.S. Department of Justice (DOJ).
06/19/2012
The SFO is not expected to drop its investigation into Vincent’s younger brother Robert at this point.
06/18/2012
The consultation paper “Ensuring the fair taxation of residential property transactions” has been published by HM Treasury.
06/18/2012
The consultation document “A General Anti-Abuse Rule” has been published by HM Treasury.
06/15/2012
The taskforces were launched as a result of the government’s £917 million spending review investment to tackle tax invasion, avoidance and fraud in 2011.
06/15/2012
CI law firm facilitates estate planning debate in Singapore
"We are well established in the Channel Islands and have been named the fastest growing offshore law firm - but as we are new to Singapore it has been mutually beneficial to facilitate debate and discussion around regional issues with industry leader
06/15/2012
ABN Amro Bank Ltd. asked a judge to dismiss a lawsuit by the liquidator of Bernard Madoff’s firm, saying it lost $490 million in the Ponzi scheme, out of $725 million it invested. As one of the con man’s biggest losers, “it is simply not
06/13/2012
The French Government is using a stealth ploy to squeeze extra cash from foreigners to help pay off its whopping €1.7 trillion national debt.
06/12/2012
Both nations will sign a double taxation agreement Monday.
06/12/2012
TCC client services director Ian Stott said advisers should expect visits from the Financial Services Authority (FSA) as it hones in on fund switching once it has finalised guidance on centralised investment propositions.