Managers of Wealth Offshore

Swiss HSBC account holders offered India amnesty, says official

India joins countries including the UK and the US in cracking down on rich people who haven’t disclosed offshore funds amid probes into money laundering and tax evasion.

Email cache shows depth of Whitehall fears over Barclays Libor submissions

In an email dated October 22, 2008, from Sir Jeremy Heywood, then principal private secretary to Gordon Brown, to Paul Tucker, then head of markets at the Bank of England, he asks why Barclays is paying “ABOVE Libor” to fund in the sterling mo

Mobile operators pressured for private client data

Representative Edward Markey on Monday released data from the companies showing more than 1.3 million requests for cell phone records last year.

US Senate panel plans HSBC money laundering hearing

The panel has been investigating HSBC for months as part of an effort by the Senate panel to probe shadowy money flows.

French holiday home owners may have little to fear from new tax changes

Recent changes to the French tax system announced by president Francois Hollande’s government may not be so serious for British and other owners of French properties, believes UK regulated specialist mortgage broker Offshoreonline.org.

Illicit wealth under corporate veil

The FDF, which is equivalent to Finance Ministry in Switzerland, has said in a report on international financial and tax matters for 2012 that the country is at the forefront of global efforts to tackle cross-border financial crime.

RBS fights to keep its Libor records secret

Royal Bank of Scotland is fighting a court order requiring it to co-operate with an international criminal investigation into allegations its staff fixed a key banking lending rate.

Financial fraud: When gatekeepers see no evil, hear no evil and speak no evil

Media’s ‘bad apple’ theory no longer works

France Set to Raise Taxes on Firms, Rich

The government said it would seek Parliament approval for €7.2 billion ($9.08 billion) in extra taxes this year.

HSBC Millionaire Client Fined for Swiss Bank Tax Evasion

He was convicted Wednesday of cheating the public revenue at Wood Green Crown Court.

FSA tells IFAs: don't leave clients in dark with DFM deals

The Financial Services Authority has told advisers they must make it clear to clients who manages their investments when outsourcing to a discretionary fund manager.

Ex-Lehman broker must pay $904,000 in bonus flap

A San Francisco-based broker must pay more than $904,000 to Lehman Brothers Holdings Inc, which has been aggressively clawing back bonus money that it paid to brokers before its demise in 2008.

Morton Fraser promotes six solicitors

private client lawyer Fiona Byron and litigation lawyers Julia Bryden and Angus Wood have also been promoted

Wealthy French consider Swiss tax exile

The new French Socialist government has promised to reinstate the country’s old wealth tax rate and increase income tax, enough to make wealthy taxpayers think seriously about leaving for greener Swiss pastures.

Will we see City bankers behind bars?

The bankers at the heart of the Barclays interest rate-rigging scandal could be prosecuted for fraud

Unnamed UBS executive charged in tax-evasion investigation

The executive is under investigation for aiding in illicit marketing, laundering and benefiting from the practices, Agnes Thibault-Lecuivre, a spokeswoman for the Paris prosecutors office, said Friday.

Senior Tories dragged into banking scandal

The Independent on Sunday has learnt that the Conservative deputy chairman, Michael Fallon, is a board member of a leading brokerage firm that dominates the rates market and which has been asked to co-operate with the Financial Services Authority's i

Julius Baer Sends 2,500 Employee Names to U.S., Le Temps Reports

Julius Baer declined to comment on the matter, the Swiss newspaper said.

Europe's market watchdog probes rating agencies-FT

The European markets watchdog is investigating whether the big three credit ratings agencies' methods of evaluating banks are rigorous and transparent enough, its chairman Steven Maijoor told the Financial Times on Monday.

Commerzbank to pay staff bonuses by selling shares

Around 60 percent of the employees have decided they would not keep the shares but would instead sell them immediately to institutional investors, with Commerzbank itself and Deutsche Bank AG acting as bookrunners.