02/16/2015
HSBC helps around 6,000 rich French lawyers dodge taxes
International banking giant HSBC helped around 6,000 rich French lawyers, artists, businessmen and even a World Cup winner dodge taxes, new explosive reports claim
Legal, Regulation & Compliance
02/16/2015
OPG Luxembourg Court Accepted Kingstown's Request To Withdraw Its Former Legal Action
The legal action, filed on 19 February 2014, notably in connection with capital increase of CPI PROPERTY GROUP of 4 December 2013
02/15/2015
Barclays fails to win dismissal of NY 'dark pool' lawsuit
The judge also dismissed a claim that Schneiderman brought under a separate state law.
02/13/2015
'Leonardo da Vinci' seized by Swiss police from vault
Police have seized a painting thought to be by Leonardo da Vinci from a Swiss bank vault during an investigation into tax and insurance fraud.
02/13/2015
Paul Crowley & Co Solicitors opens new office in Liverpool city centre
The commercial district base will house PCS Law, the firm’s new commercial law department
02/12/2015
Bank worker faces jail after helping steal £123k from account after threats to reveal naked pictures
Court hears Anisyah Ali, 25, who was working at Halifax's North Finchley branch in north London, passed confidential details to fiance
02/12/2015
Guernsey: How Is More Regulation Impacting Fund Distribution?
Dominic Wheatley, Chief Executive of Guernsey Finance, looks at the impact of regulations such as AIFMD have impacted the funds industry
02/12/2015
U.K. Regulators Investigating 67 Hedge Funds, Alts Managers
The consumer regulator had 67 investigations open as of Jan. 26 on people or firms it has approved to manage investments under the Alternative Investment Fund Managers Directive
02/11/2015
Da Vinci painting seized at Swiss bank
The painting was found to be in Switzerland in 2013 after Italian authorities were alerted
02/11/2015
HSBC could face U.S. legal action over Swiss accounts
U.S. authorities are also probing whether HSBC manipulated currency rates
02/11/2015
European Investment Bank launches lending program in Africa
EIB Vice-President Pim Van Ballekom said the new program reflects a shared commitment to support private sector in Africa
02/11/2015
MPs: FCA bank regulation is still 'weak'
The Financial Conduct Authority's (FCA) regulation of banks is still weak, as it succumbs to the pressures of the big players
02/11/2015
EU commission hopes global standard will end tax evasion
The European Commission is hoping that a new global reporting standard will eradicate tax evasion and tax fraud in the wake of the latest revelations in Switzerland
02/11/2015
Belgian judge withdraws arrest threat for HSBC directors
The Belgian judge has charged the HSBC unit with tax fraud and money laundering, accusing it of offering diamond dealers and other wealthy clients ways of hiding cash and evading tax.
02/10/2015
Leading international law firm grows European Banking practice
The announcement caps a successful year for Weil, with the firm working on $75 billion worth of bids and financings in 2014, including more than 25 deals worth over $1 billion.
02/10/2015
Carey Olsen leading offshore law firm in AIM rankings
The latest guide pushes Carey Olsen decisively up to second place overall based on the number of AIM clients it advises with 45.
02/10/2015
Investment Association sets out plans to disclose portfolio churn
The Investment Association has set out plans for asset managers to disclose portfolio turnover rates to investors and give them an idea of how this compares to other funds.
02/09/2015
Libya fund tries to unmask ‘Person B’ in SocGen bribery case
Judge Henry Eder adjourned arguments about whether the names should be revealed
02/09/2015
Bermuda Responds to UK Opposition Leader Ed Miliband
It should be noted that Bermuda has in fact had a central registry, of the kind being introduced in the UK, since the 1940s, and has been a leader internationally in this area.
02/09/2015
US Probe Of Barclays, UBS Widens Forex Trading Investigation
Currency-linked investments marketed by Barclays PLC and UBS AG are under the scanner of the US Department of Justice