Managers of Wealth Offshore

Singapore advisers slapped for compliance failures

The Monetary Authority of Singapore (MAS) has reprimanded two companies for failing to ensure their employees met the minimum exam requirements of the Financial Advisers Act.

OECD welcomes multilateral efforts to improve international tax compliance and transparency

The OECD welcomed today a new model international tax agreement designed to improve cross-border tax compliance and boost transparency.

Korea - Offshore money laundering, wealth transfer surges

The data came as the government is increasing its surveillance on illegal currency transactions and other cross-border financial crimes by beefing up global cooperation.

Former HSBC worker Herve Falciani arrested over stolen account details

Swiss authorities confirmed they were carrying out a criminal investigation into the matter, which dates back to 2008.

Adviser wins £260k VAT appeal against HMRC

Bloomsbury Wealth Management has won an appeal to have almost £260,000 in VAT repaid after a tax tribunal ruled the firm was providing services that were exempt from VAT.

Systemic Risk Research Consortium Launched to Address Risk in the Financial Markets

The consortium has attracted interest from an array of academic, industry and regulatory researchers and two conferences have been held at which institutional investors, academics and industry experts presented new research and discussed how to better qua

Lord Green attended private dinner party with HSBC

The Senate inquiry found that HSBC accepted more than $15bn in cash between 2006 and 2009 from Mexico, Russia and other countries at high risk of money-laundering but failed properly to monitor transactions.

Libor arrests 'imminent' as US authorities close in

International law enforcement agencies are close to arresting traders under suspicion of attempting to manipulate inter-bank interest rates.

Treasury Committee instructs Devereux Chambers' Jonathan Fisher QC on Libor investigation

The Treasury Committee has turned to Devereux Chambers corporate and financial crime silk Jonathan Fisher QC to advise it on an investigation into the ongoing fallout from the Libor scandal.

UK Unveils New Plans To Tackle Tax Avoidance

Tax avoidance has become a hot topic in the UK recently, with the government keen to be seen as cracking down on the practice. Last month, a number of high profile celebrities were revealed as having participated in legal schemes including the 'K2&am

Libor scandal: Veteran lawyer to lead Barclays review

A lawyer turned investment banker is to lead a far-reaching review into the culture at Barclays in the wake of the Libor rigging scandal that has rocked the bank.

Firms could relocate back to Britain after tax change

WPP, the world’s biggest advertising group, has already committed to moving its company headquarters back to London from Dublin, and a slew of others are expected to follow suit.

Another Swiss bank to drop US clients amid tax row

Coop, another retail bank, announced it had stopped doing business with its US clients.

UBS broker arrested for 'wrecking havoc' in LA

Michael Poret has allegedly been driving around and shattering windows since the beginning of the year, using a slingshot to fire marbles and nuts at buildings.

UBS investment banker arrested for 'wrecking havoc' in LA

He has allegedly been driving around and shattering windows since the beginning of the year, using a slingshot to fire marbles and nuts at buildings.

Wall Street Is Too Big to Regulate

Simons was skeptical of enormity.

U.S. Banks Spawn 10,000 Units to Cut Tax Bill

Critics including Thomas Hoenig, a Federal Deposit Insurance Corp. board member, say the biggest firms are too complicated to manage.

Switzerland Approves OECD Group Requests

The FDF states that Switzerland's representative accepted this amendment on behalf of the Federal Council.

Tax avoidance: HMRC could gain billions as court rules against 'artificial' scheme

The court ruled against a scheme promoted by PricewaterhouseCoopers, the accountancy firm, used by a businessman in a bid to avoid about £11m in tax.

Swiss Regulator Questions UBS Ability To Comply With Dodd-Frank

The Swiss Financial Market Supervisory Authority said it has “serious doubts” about the extraterritorial effects of registration required under the Dodd-Frank Act in a letter dated July 5 and received by the CFTC on July 16.