Managers of Wealth Offshore

Canadian banks to meet with U.S. regulators over Volcker rule

The U.S. Securities and Exchange Commission is also expected to be at the meeting

Three jailed in £18.5m fraud attempt on EFG

Steele was given two concurrent 5½-year terms for conspiracy to commit fraud by false representation and conspiracy to use false instruments.

Swiss urge U.S. tax deal to shield other banks

Switzerland has been lobbying for a year to get the investigations dropped in return for the payment of a hefty fine and the transfer of names of thousands of U.S. bank clients suspected of dodging taxes.

One Stanford Client Lost $20 Million, Ex-Executive Testifies

Jason Green, who led Stanford Group’s private-client group, cited the loss while being cross-examined by the defense on the fifth day of Stanford’s investor fraud trial in federal court in Houston.

Unrest with Basel III grows as regulation weighs on banks

Research to be released today by the Centre for the Study of Financial Innovation and PwC paints a grim picture of banking worldwide -- describing the system as sad, gloomy and "in peril" -- but also surprisingly reveals that Australian banks ar

PwC says E&Y tried to poach client bank

In the sober world of auditing, discretion is key.

Swiss Private Bank agrees to sale amid U.S. Tax-Evasion crackdown

We are determined to see the legal negotiations through to the end. At the same time, it is our duty to guarantee our clients and staff the greatest possible security.

RBS Defends Libor-Related Dismissal Of Singapore Trader

Tan Chi Min, previously the head of delta trading with RBS's global banking and markets division in Singapore, late last year commenced a suit against the bank after his employment was terminated in November last year.

Deloitte launches first Middle East Tax Chief Compliance Officer Forum

The CCO Forum agenda has been specifically tailored to address the unique needs of Middle Eastern institutions, including Islamic banking structures as well as sovereign wealth funds, family offices and takaful insurance.

Merrill Lynch Fined $1 Million for Bonus Clawbacks

“Merrill Lynch specifically designed this bonus program to bypass FINRA’s rule requiring firms to arbitrate disputes with employees, and purposefully filed expedited collection actions in New York State courts and denied those registered repre

Hedge fund star fined £7.2m for insider trading

“It is highly damaging to market confidence when privileged shareholders commit market abuse, and the high penalty reflects the seriousness of his breach.”

British billionaire sues news group over Russian oligarch link claim

Nathaniel Rothschild has begun a libel action against Associated Newspapers

Fingleton moved €500,000 offshore in wake of debt order

Mr Fingleton moved the €500,000 to an account in his name at the Atlas Mont Bank in Podgorica, Montenegro, in November 2010.

Harry Redknapp accused of opening an offshore account to avoid tax

Redknapp was accused of paying two untaxed payments from Mandaric of £189,500 into the account shortly after Crouch's transfer.

List Shows Where UBS Clients Moved Funds, Tages-Anzeiger Says

UBS spokesman Serge Steiner said the bank hasn’t handed over “institution-specific” information to the U.S., according to the report in today’s newspaper.

Big Four firm regains leadership position in 2011

PricewaterhouseCoopers Regains Leadership Position In 2011

Prominent lawyers named in million-dollar civil-action suit

It also led to the suicide of a Singapore warehouse manager, who was a star witness in the case and an employee of the warehousing company Fujitrans (Singapore).

UBS hit with $300,000 fine by SEC

The misconduct was revealed during the course of an SEC examination, minimizing investor harm.

A.M. Best Releases Updated Criteria Report on Rating Takaful Insurance Companies

The updated criteria report takes into consideration the changes reflective in the Takaful market, particularly regarding the increasing development of the regulatory framework within certain countries and the key issues relating to Takaful operating stru

Key changes in Russian tax legislation take effect

Another difference under the new law is that the taxpayer must report any controlled transaction to the tax authorities and must supply supporting documentation to confirm the price reported. Previously, the burden of proving that an unfair price had been