Managers of Wealth Offshore

HSBC’s Geneva Bank Gave Employee Names to U.S., Le Temps Reports

The firm notified staff and created a telephone hotline for client advisers to check whether they are on the list, the Swiss newspaper said.

Rand Paul Seeks to Block Tax Treaty Change on Swiss Accounts

Senator Rand Paul is blocking an amendment to a U.S.-Swiss tax treaty, slowing Switzerland’s handover of data on thousands of Americans with bank accounts hidden from the U.S. Internal Revenue Service.

CA freezes bank accounts of Pinay wife of British in £700M fraud case

The CA's freeze order was in response to an ex-parte petition filed by Philippine Anti-Money Laundering Agency, from which the UK's Serious Fraud Office (SFO) sought assistance.

Ex-Morgan Stanley banker admits bribing China official

He was head of the bank's real estate investments division in China, is also accused of secretly acquiring valuable property in China.

Fugitive Swiss bank forfeits $16m

In an order made public on Tuesday, U.S. District Judge Laura Taylor Swain in Manhattan entered the forfeiture order, covering money seized from a U.S. correspondent account held at UBS in Stamford, Connecticut.

How will FSA treat wealth bosses after Pottage?

Pottage has remained at UBS throughout the proceedings and the bank has supported him, saying the disciplinary action was ‘unjustified’.

Minister accused of money-laundering via UBS

The Federal Prosecutor’s Office and the Federal Justice Office have confirmed that Switzerland last year gave legal assistance to Hong Kong in a money-laundering case against Musa Aman, Chief Minister of the Malaysian State of Sabah on Borneo.

After probe, South Africa’s central bank says 6 Krugerrands found short on gold

A handful of iconic collectible Krugerrands have been found to be up to 5 percent short on gold, South Africa’s central bank said Tuesday following an investigation that led to the suspension of two mint managers.

Scottish private client firm launches Glasgow base

The private client specialist, which already has offices in Edinburgh, London, Guernsey and Geneva, has revealed that it is in advanced negotiations to sign a lease on a site close to George Square.

British win more favourable tax deal terms

Switzerland has decided to give in to demands by Britain to modify a planned bilateral tax treaty, after continued opposition to the accord.

UK regulator loses UBS supervision test case ‎

The Financial Services Authority (FSA) has lost a test case involving UBS in which it tried for the first time to punish a senior manager for inadequate supervision rather than for errors he personally committed.

Accounting firms played key role in foreign executives' tax break scheme

DRAFT LEGISLATION was submitted to the Department of Finance by accountancy firms KPMG and Deloitte as part of the lobbying for a new scheme that will allow foreign executives working here pay less income tax.

Italy rules out wealth tax, other new taxes

The government "does not have plans" for a wealth tax or other fiscal measures, Grilli said during testimony before the Chamber of Deputies parliamentary budget committee.

Income tax cap – update and frequently asked questions by Withers Worldwide

Those following the state of UK giving could be forgiven for having allowed themselves to feel cautiously optimistic during the past two years.

Volcker Rule, Fiduciary Standard Outcomes Critical For Wealth Industry

The Volcker Rule could negatively impact investing in bonds by leading to the creation of a two-tiered market for municipal bonds while also reducing liquidity for some corporate bonds, Snook said. It could also impact mutual fund investing, he said, by r

Tax