Managers of Wealth Offshore

UniCredit, Barclays Brontos Tax Case Is Moved to Bologna

Twenty individuals were indicted in June for their role in the alleged tax fraud.

Deutsche Bank’s Jain Declines Bundestag Libor Hearing

The Bundestag’s finance committee, which listed Jain as a witness in a Nov. 12 statement on its website, will hear representatives of banks and regulators on Nov. 28.

UBS faces record fine following Kweku Adoboli fraud

UBS is braced for a record multi-million pound fine for failures in its systems and controls that allowed former employee Kweku Adoboli to conduct Britain’s biggest bank fraud.

Taxation of high value residential real estate – Help! What can we do now?

Consultation on the paper ‘Ensuring the fair taxation of residential property transactions’ has now closed and draft legislation is expected ‘on or before’ 11 December 2012.

Ex-hedge fund trader charged in $276M insider ploy

Mathew Martoma was charged in U.S. District Court in Manhattan with using confidential information about an Alzheimer's disease drug trial

Arabian Gulf private wealth is facing increased scrutiny

Shadow banking is a catch-all term for an industry that encompasses hedge funds, private equity firms and structured investment vehicles, which blossomed outside the conventional bank sector during the past decade.

Bankers' Body Urged To Merge After Libor Loss

Britain's banking lobby group is under pressure to consider a merger with another trade body

76% of advisers will charge as percentage of assets - RESEARCH

Charging a percentage of assets is preferred charging model (76%), followed by fixed fee basis (49%)

International law firm strengthens Hong Kong office to support spike in US tax and wealth planning

He will focus on international tax, probate, and trust and estate planning, with a particular focus on US persons and property.

HSBC Geneva acts: I-T department approaches Swiss authorities

The I-T department has initiated the step in order to build water tight case

UBS ex-managing director charged in French tax probe

The others charged include the former head of a UBS office in the northern city of Lille

Conman's £600,000 fraud posing as retired Goldman Sachs billionaire

A conman who seduced a wealthy woman out of more than £600,000 by posing as a retired Goldman Sachs billionaire was jailed.

Number 10 hints at plan for new stamp duty rise

Downing Street has fuelled speculation that the Chancellor will announce a rise in stamp duty for the most expensive homes in next month's Autumn Statement.

FATCA Model 2 Agreement Released - Withers

Model 2 essentially builds upon the foundation of Model 1 with some significant differences

The US is guilty of behaving like a bully on FATCA - CISI

The US is guilty of behaving like a bully on FATCA and the UK government should have the courage to say so, says CISI

UBS rogue trader found guilty of fraud

Jury convicts Kweku Adoboli of one count of fraud in relation to £1.5bn trading loss at one of world's best-known banks

Credit Suisse announces settlement with SEC related to mortgage business

The SEC has advised that its investigation relating to Credit Suisse’s due diligence and corresponding disclosures on historic RMBS transactions will not be pursued.

A Primer on the Foreign Account Tax Compliance Act (FACTA)

In 2010, the Foreign Account Tax Compliance Act (FACTA) was passed. In essence, it is a program aimed at uncovering undeclared income hidden by Americans in banks around the world.

Coutts & Co turns to Herbies for High Court battle

A court date has been set down for the end of the month, bringing to a climax a four-year battle between the parties.

FSA tells City banks to claw back bonuses

Britain's financial watchdog has warned global banks in London that it expects to see them “claw back” deferred bonuses from bankers involved in the recent scandals that have rocked the industry.