Managers of Wealth Offshore

Is your financial advice firm's good reputation being abused by scammers?

Additionally, CIA did not have an AFSL, and was therefore trading illegally under the Corporations Act.

S.E.C. Said to Be Poised to Sue Fund Manager

Adding to Mr. Falcone’s mounting woes, the Securities and Exchange Commission is expected to sue the money manager as soon as this week, planning to accuse him of taking a personal loan from his hedge fund, Harbinger Capital Partners, and of giving

Regulators hit Barclays with £290m fine

The watchdog said this was the largest fine it has ever imposed

Managers prepare to Fatca-proof wealthy

Non-US financial institutions must sign an agreement with the IRS by June 30 2013 to identify and report on clients with links to the US and more than $50,000 in an account.

Top Court Rejects Appeal on Foreign Bank Account Subpoena

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

Asset managers face challenge of Solvency II

ASSET managers face a culture shock following the implementation of the European Union’s Solvency II directive, according to research released yesterday by KPMG.

Singapore Turns Down India's Request for Information

The Indian tax authorities are on a drive to unearth black money of Indians stashed in bank accounts abroad.

Credit Suisse confident in meeting regulatory capital requirements

The Board of Directors, in its regularly scheduled meeting Friday, reviewed the capital situation of Credit Suisse Group.

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.

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.

Swiss and US move forward on tax compliance

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.

Ireland fines UBS for lack of controls

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

JPMorgan Wins U.K. Ruling on Document Request for Milan Case

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.

FSA refuses to reveal the identity of Mr X

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.

Liechtenstein Landesbank to Turn Over Client Names

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).

Tax