Managers of Wealth Offshore

Tax havens give EU commissioner the runaround

The EU commissioner trying to stop tax cheats from hiding money in Switzerland is puzzled why Austria and Luxembourg are standing in his way.

Swiss Private Bank's European credit sales head fined by FSA

He was an active participant in the guessing game and could have extracted himself before straying into dangerous territory but he did not do so.

Millionaire accused of trying to sell fake wine for $1.3m

Prosecutors in New York charged Rudy Kurniawan, 35, with "multiple fraudulent schemes" relating to his wine business between 2007 and 2012, including attempting to sell fake wine and fraudulently obtaining millions of dollars in loans.

UBS, Deutsche Bank Fight U.K. Over Taxes on 2003 Bonus Plans

UBS AG (UBSN) and Deutsche Bank AG (DBK) said they don’t owe taxes over a 2003 compensation plan U.K. authorities argue was designed to avoid millions of pounds in taxes and national insurance contributions on employee bonuses.

Cayman-based firm makes waves here

The Cayman Islands-headquartered law firm wasted no time in launching an aggressive head-hunting campaign, poaching numerous market-leading partners and lawyers from A&L Goodbody, Matheson Ormsby Prentice and Arthur Cox.

Switzerland offshore tax deal criticised by MP

A tax deal with Switzerland aimed at preventing high-earning expats and big businesses using the country's secretive banking system to avoid paying UK rates has been criticised by MPs

Scots conman plots to reveal secrets of massive bank swindle after early release

The 34-year-old from Livingston, West Lothian, has been ordered to pay back £1,984,794 after a proceeds of crime investigation by City of London Police.

Dodd-Frank confusion reigns among buy-side asset managers

Rule Financial has announced the results of a study into the impact of the Dodd-Frank Act on the buy and sell-sides.

KPMG audit clears SNB governing board

The audit was commissioned by the SNB after former chairman Philipp Hildebrand resigned in January amidst a furore over international financial transactions carried out by his wife.

SA’s dollar millionaires fret over tax hikes

The subject of taxes paid by the rich is topical, particularly in countries such as the US and France where some want to be taxed at a higher rate to deflect criticism about a widening income gap between the poor and the wealthy.

Morgan Stanley ID's broker as 'madam's' potential mystery investor

The broker, David Walker, works in Morgan Stanley's wealth management unit, sources said.

US eases pressure on Switzerland over taxes for now

Swiss lawmakers passed a proposal on Monday allowing Switzerland to hand over data on suspected tax evaders, even if U.S. tax authorities cannot identify alleged offenders by name or bank account.

Onetime billionaire convicted in $7bn federal fraud trial

Stanford, 61, looked down as the verdict was read, the Associated Press reported. He was acquitted on one count of wire fraud.

Morningstar launches new alternative investments center

In addition to the new Alternatives tab, the site now contains Morningstar market tools and an expanded video library featuring interviews with top portfolio managers and newsmakers, analysts, and some of the leading voices in the advisory community, alon

Ferraris fueled glamour lifestyle in Indonesia corruption case

An Indonesian court convicted on Wednesday a former relationship manager with Citibank of money laundering in a case involving Ferraris bought with ill-gotten cash that powered the lifestyles of a glamour-hungry clique.

New FATCA regulations are out, institutions must act fast

The FATCA Seminar was tailored to address the unique needs of Middle Eastern institutions, including Islamic banking and takaful insurance structures as well as sovereign wealth funds, and family offices.

OECD recommends action on international tax loopholes

Aggressive tax planning – untaxed income, multiple deductions and other forms of international tax arbitrage - is a growing concern for all governments.

Hedge-fund manager says sexy ex-assistant’s not in his league

Dark-haired Ukrainian head-turner Renata Shamrakova, 26, was busted Thursday by the Manhattan District Attorney on charges of bilking the financier of nearly $1 million during the year that she was his personal assistant.

The UK tax system has reached breaking point

The bottom line is that people think it a jolly good thing that others are taxed, but they deeply resent paying it themselves.

US-Swiss tax treaty passes large parliamentary hurdle

The treaty would allow the US to make a request for judicial assistance without supply the names and addresses of the US residents suspected of offshore tax evasion if there is clear evidence that a bank or its employees are suspected of encouraging such