Managers of Wealth Offshore

Swiss Hedge Funds Consider Relocating to Liechtenstein, PwC Says

The move would allow them earlier access to EU markets under a new regulatory regime for alternative investment managers.

Swiss financial centre continues its strategy of tax-compliant assets

The banks in Switzerland continue to back the strategy of bilateral tax agreements, which are, according to the EU Commission, compatible with EU law.

Hedge Fund Manager to Pay $44 Million for Illegal Trading in Chinese Bank Stocks

The Securities and Exchange Commission today charged the manager of two New York-based hedge funds with conducting a pair of trading schemes involving Chinese bank stocks and making $16.7 million in illicit profits.

Five staff arrested as German police swoop on Deutsche

German authorities investigate 25 Deutsche Bank staff, including co-chief executive Jürgen Fitschen, on suspicion of tax scam

HSBC Mexican branches became 'place to launder money'

HSBC Holdings' Mexican branches had become so well-known to drug traffickers as the place to launder money that cartels began using special boxes to speed transactions, US prosecutors said.

Brewin Dolphin Christmas party ended in 'mass brawl', court hears

A mass brawl erupted at the Christmas party of a top City investment firm after a broker discovered his fiancée was cheating on him with a colleague, a court was told.

Standard Chartered hit by $300m in Iran fines

Standard Chartered will pay more than $300m (£187m) to settle charges it violated US sanctions on Iran, Burma, Libya and Sudan.

HSBC set to pay $1.9bn to settle money laundering claims

HSBC is expected to pay US authorities a record $1.9bn (£1.18bn) to settle allegations that its failure to enforce anti-money laundering rules left America's financial system exposed to drug cartels.

The City lunch that cost £1.7m in poaching row

It was probably the world’s most expensive lunch. When Fahim Imam-Sadeque, an investment manager, invited out a colleague it ended up costing him £1.7 million.

U.K. Fraud Prosecutor Arrests Three Men in Libor-Rigging Probe

UBS AG is expected to face a fine as early as this week that may surpass the record 290 million pounds ($466.6 million) Barclays Plc, the U.K.’s second-biggest bank, paid in June to settle claims it attempted to manipulate Libor.

JPMorgan Said to Ask Staff to Help Fund U.K. Tax Settlement

Employees who participated in the trust were asked to help fund a payment of at least a few hundred million pounds if they want to settle with Her Majesty’s Revenue and Customs

Withers hires BLP wealth planning partner in Singapore

Withers has hired partner Simon Michaels from Berwin Leighton Paisner for its wealth planning practice in Singapore

Swiss banking: Treaty to crackdown on Britain’s tax evaders

It is the largest tax-evasion settlement in history, according to George Osborne,

Tax avoidance targeted by European Union

Some big companies take advantage of these loopholes to avoid paying millions of euros in tax

Stephenson Harwood files £200m SFO damages claim for Tchenguiz Family Trust

The SFO has instructed 5 Essex Court silk Jeremy Johnson QC to defend a £200m damages claim brought by businessman Vincent Tchenguiz.

FSA to appoint administrators to oversee Libor submissions

By making the act of administrating Libor a regulated act, the FSA has proposed removing the British Bankers

Swiss President Stands Firm On German Tax Deal

Emphasizing that no further concessions are conceivable, Widmer-Schlumpf stressed that Germany and Switzerland have already negotiated a "good and fair treaty,"

George Osborne targets ‘cowboy’ tax advisers and their schemes to shelter wealth

Laws planned next year will also increase the range of information they must pass on to the Revenue team dealing with loopholes.

International Tax Law Firm receives top tier ranking

This is the latest honor for the legal boutique firm, which was also recently awarded the 2012 Corporate Intl Magazine Global Award for the “Cross Border Law, Firm of the Year” in Florida.

Brazilian heiress files suit to overturn Merrill ruling

Lawyers for de Kassin filed a complaint on Thursday in a Manhattan federal court asking a judge to overturn parts of the ruling.