Managers of Wealth Offshore

DFMs criticised for not submitting performance data

Aj Somal, certified financial planner at Aurora Financial Planning, said some discretionary managers were shown “in a bad light” by not submitting comparative performance data.

Billionaire banned from financial sector for five years

While the ban would put at least a temporary end to Falcone's hedge fund career, the consent order detailing the agreement does not say Falcone is barred from being a director or officer of a public company.

HMRC Change QROPS Reporting System

There was industry concern that any changes brought in would adversely affect the industry

FCA writes to 11 groups as it launches fund charge probe

They will range from global asset managers to boutiques

Swiss Lawyer’s Guilty Plea Discloses Help in U.S. Tax Probe (3)

Paltzer is cooperating with U.S. authorities in their broader investigation of how foreign banks and advisers helped American clients evade taxes, his lawyer,Thomas Ostrander, said.

Porche Faces New Hedge Fund Cartel Claim In Legal Battle

After other investors lost two similar claims at a German tribunal last year, the funds added antitrust claims against Porsche to their suit, forcing a move to a court that specializes in cartel suits.

Swiss open door to helping tax crackdowns spurred by stolen data

Data leaks have become big business ever since 2008

AQR and Stress Test Requirements to Pose Challenges for European Banks - Moody’s

Moody's Analytics has released two reports outlining the challenges associated with the upcoming Asset Quality Review (AQR) and subsequent stress test requirements for European financial institutions.

Lady Victoria Normanton Sues Saanen Bank For 'Negligence' After £93,000 E-mail Fraud

A Swiss bank is being sued in the English courts by the glamorous British ex-countess Lady Victoria Normanton for ‘negligent’ handling of her finances which led to £93,000 (CHF: 132,000) being stolen from her bank account.

Norwegian Fund Manager Talks Tax Evasion

The chief executive of a Norwegian oil fund has said that the issue of tax evasion could become an area of focus in the future

Chartis Report Outlines Financial Organizations’ Top Global Compliance, Risk and Business Performance Challenges

Capital adequacy, stress testing & internal risk models among top regulatory pressures; Report says flexible technology key to addressing evolving requirements

Expats advised to prepare for new tax sharing regime in European Union

With the amount of financial information to be shared between European Union countries set to significantly increase over the next few years

Feds charge ex-JPMorgan bankers in 'London whale' case

Federal prosecutors in Manhattan have criminally charged two former JPMorgan bankers for their alleged role in the “London whale” trading loss that rocked the investment bank last year and led to a very public overhaul of its senior management

Singapore's banking system able to withstand adverse scenarios

Singapore's banking system is found to be sound and able to withstand adverse scenarios after a stress test exercise

Russell-Cooke strengthens private client practice

Russell-Cooke has strengthened its Private Client practice with the hire of its 8th Partner

FCA concerned about exec-only commission model

The board was discussing "whether the continuation of commission payments for non-advised retail investment sales created potential risks".

French CGT rethink brings back wealth property buyers

Wealthy investors are rekindling their interest in French property now the government has clarified capital gains tax laws.

Financial firms forced to set targets for women on boards

The UK's largest financial firms will be forced to set targets for the number of women on their boards from 2014, under proposals outlined by City regulators.

'Cowboy' tax advisers face £1m in HMRC fines

"The proposals in this consultation will allow HMRC to further close in on the cowboy advisers promoting these high-risk schemes," David Gauke, the Treasury Secretary, said.

Greek deputy PM says UK has become top destination for tax avoiders

Evangelos Venizelos, the deputy Prime Minister of Greece, has said London has replaced Switzerland as the destination for wealthy Greeks looking to avoid taxes.