02/20/2012
Italian tax men blitz the chic in ski resort raids
Italian tax agents donned skis, gloves and goggles to launch an unusual blitz in the chic ski resort of Courmayeur, two months after a similar raid on another playground of the rich, Cortina d'Ampezzo.
02/20/2012
World’s largest offshore law firm to expand into Mainland China
The new office, due to open on 2nd April 2012, will deliver fully integrated fiduciary and administration services and operate in tandem with the firm’s Hong Kong office, which has serviced Appleby’s local and international clients in Asia for
02/17/2012
Prosecutors rests in fraud trial of Texas billionaire
The start of Stanford’s defense was briefly delayed as his attorneys asked U.S. District Judge David Hittner for time to discuss how they would proceed.
02/17/2012
Singapore Toughens Fight Against Tax Evaders
The FATF is the global standard-setter for measures to combat money laundering and terrorist financing.
02/17/2012
Boiler room alert: share fraudsters return to target wealthy investors
Private client investment managers are reporting that their clients are being targeted by bolier room scams.
02/17/2012
Senior bankers caught up in film investment tax probe
Three senior investment bankers have emerged as being among the 16 individuals arrested last week as part of an investigation into allegations of tax evasion involving film financing schemes.
02/16/2012
Closed UK hedge fund ordered to pay $76.8m
Sweet ruled that Pentagon Capital and Chester must disgorge $38.4 million in improper profits on the trades. He imposed the same amount as an additional civil penalty.
02/16/2012
Bullion company being investigated
SFO staff have secured the company's financial records and made additional inquiries.
02/15/2012
Julius Baer Expects Fine In Tax Probe From CHF50 Million To CHF250 Million
CEO Boris Collardi cited outside analysts' estimates of a fine in the range of CHF50 million to CHF250 million, saying, "I guess that's what's reasonable to expect."
02/15/2012
International Awards for Luxembourg Law Firm
In addition to the challenges posed by today's economy, the Luxembourg jurisdiction has witnessed the local legal market diversify and intensify.
02/14/2012
"We have sent a communication to them, asking them to tell us about the source of the sundry income and how it has been dealt with. We are yet to get a response from them," Shah said.
02/14/2012
”Every idea is valuable, and I sense that this is why people feel engaged.”
02/13/2012
Justice Department calls Swiss Bank a “fugitive’’
Wegelin & Co. is accused of helping at least 100 U.S. clients conceal huge sums of money from the IRS in overseas accounts.
02/11/2012
Hedge fund manager charged with insider trading
The president of a Menlo Park hedge fund Friday became the latest figure to be indicted in the Galleon insider trading scandal that has stretched from Silicon Valley to Wall Street.
02/11/2012
Barclays' bonus pool is not the only part of its results that has riled investors: the bank's accounting practices have caused controversy too.
02/11/2012
Standard Chartered’s CEO for Asia breaches FSA rules in £2 million share trade
Tim Baxter, Stanchart’s London-based head of corporate communications told Euromoney: “Yes, there has been a breach.”
02/08/2012
UBS Employee Tax-Evasion Probe Dropped by German Prosecutors
A four-year-old investigation that included searches of offices and private property, didn’t support allegations initially made in a television-news report, prosecutors in Mannheim said in an e-mailed statement.
02/07/2012
Some 2,000 people from the UK with money invested in Liechtenstein have come forward after the tax haven was put under the spotlight.
02/07/2012
Julius Baer ready to pay fine to avert U.S. probe
U.S. officials have in recent months been piling pressure on Swiss private banks like Baer whose clients include wealthy Americans with hidden offshore accounts.
02/07/2012
The case is a rare win for a broker trying to oppose the return of unpaid bonus money, say lawyers.