11/17/2014

HSBC Unit Charged by Belgian Prosecutors in Tax Fraud Probe

“More than 1,000 Belgian taxpayers could be affected over amounts involving several billions of dollars that were invested, managed and/or transferred between 2003 up to the present day,” prosecutors said in the statement.

11/17/2014

Worldwide: (More) Business As Usual

When it comes to new regulations, Guernsey is offering optionality to overcome 'fortress Europe', according to Fiona Le Poidevin, Chief Executive of Guernsey Finance.

11/17/2014

Trade bodies lobby ESMA over ‘absurd’ Mifid trusts label

The Wealth Management Assocation and the Association of Investment Companies are lobbying to prevent a new European directive labelling investment trusts as “complex” instruments, which they say would reduce investment into the vehicles.