Managers of Wealth Offshore

RBS dealt fresh blow by Singaporean regulator

The Royal Bank of Scotland has been dealt a fresh blow after Singapore’s financial regulator ruled some of its traders attempted to manipulate inter-bank rates.

Madoff's UK unit was "warehouse for stolen money"

U.S. fraudster Bernard Madoff used his London-based company to "warehouse" huge amounts of money stolen from the Ponzi scheme

Hopes of G8 tax avoidance breakthrough fading fast

An international deal to crack down on secretive tax havens is in jeopardy

An oil tycoon’s ex-wife won a Supreme Court battle for her £17.5million share of his fortune

The decision is a blow against cheating spouses who seek to evade their responsibilities using company structures.

Hopes of G8 tax avoidance breakthrough fading fast

An international deal to crack down on secretive tax havens is in jeopardy

HMRC closes adviser’s £2.4m tax avoidance scheme

HM Revenue & Customs has won a Tribunal to close down a tax avoidance scheme which had sought to cheat the public purse of £2.4m through the use of Employee Benefit Trusts.

Credit Suisse fined HK$1.6m by SFC

Credit Suisse Securities has been fined more than HK$1.6m by the Securities and Futures Commission in Hong Kong.

SEC fines CBOE $6 million for regulatory and compliance failings

The financial penalty is the first assessed against an exchange for violations related to its regulatory oversight. Previous financial penalties against exchanges involved misconduct on the business side of their operations.

Bernard Madoff recovery trail leads to London

The High Court battle over the assets of fraudster Bernard Madoff is moving into the end game as the liquidators of Madoff's UK company open their fight to recover at least $80m they allege was unlawfully paid to his family and company directors.

Switzerland seeks US answers on whistleblower spy claims

"In line with the Vienna Convention on diplomatic relations, Switzerland expects members of diplomatic missions in Berne and permanent missions in Geneva to respect the laws and rules of the country," it added.

Switzerland allows banks to settle US tax evasion cases

ZURICH The Swiss government agreed on Wednesday to create a legal basis that will allow its banks to settle investigations by US authorities into their role in helping wealthy Americans evade billions of dollars in tax.

European Commission launches tax evasion plan

The Commission plan, which will cover all income including dividends and capital gains, will build on the existing exchange of non-residents' saving details, which is due to be strengthened by the end of the year.

Glencore confirms Italian police probing 'tax evasion'

"All transactions were conducted in accordance with applicable Italian tax laws and on an arm's length basis between Portovesme and the Glencore Group,"

AIFMD – Guidelines on AIFMD Reporting Obligations - Withers

The European Securities and Markets Authority has published a consultation paper on guidelines relating to reporting obligations under the Alternative Investment Fund Managers Directive.

Former A&O associate rejoins as banking partner after stint at Goldman Sachs

Denise Gibson is to rejoin the firm as a banking partner following a stint at Goldman Sachs.

FCA fines investment firm £121k over client money failures

The firm received a 20% discount on its fine for agreeing to settle at Stage 2 of the FCA’s executive settlement procedure; otherwise Xcap would have been fined £151,136.

US and Japan agree Facta co-operation

Intergovernmental Cooperation to Facilitate the Implementation of FATCA and Improve International Tax Compliance"

Bitcoin among virtual currencies targeted in US crackdown on tax evasion

US authorities are examining the use of virtual currencies such as Bitcoin amid fears that Americans are using them to evade taxes.

SEC Charges California Wealth Manager With Insider Trading

The SEC alleges that Dosti used inside information from Kuo to trade into and out of Dell and NVIDIA stock ahead of quarterly earnings announcements

Swiss Banks May Leave Others Holding the Bag in Tax-Evasion Case

Swiss financial managers and lawyers are girding for a legal battle with the United States if their names are released as part of a deal with U.S. tax evasion investigators