01/30/2013
Elderly heiress Pleads Guilty to Offshore Tax Evasion
An elderly heiress and charity benefactor pleaded guilty in a Florida courtroom
Legal, Regulation & Compliance
01/29/2013
Linklaters boosts litigation with Herbert Smith hire
The disputes specialist will join Linklaters as a partner.
01/29/2013
Warning over FSA crackdown on risk-rated funds
Software firm says advisers need to demonstrate funds have suitable risk rating and they cannot rely on third party providers.
01/29/2013
UK Gets £340m from Swiss Government on Tax Evasion Deal
The country has been under pressure from the US, UK and Germany to clean up its private banking system for the past few years.
01/28/2013
UK gives firms an extra year to comply with AIFMD
New rules take effect on 22 July this year.
01/28/2013
Tribunal upholds FSA decision to fine firm £8m for market abuse
We are pleased that the Tribunal has upheld the FSA’s decision
01/28/2013
French rogue trader handed €315 million fine
Alcatel losses 'worse than expected'
01/27/2013
FSA bans fund manager and two traders for market abuse
The FSA has banned a Swiss fund manager and two traders for market abuse and hit them with fines totalling more than £1.5m.
01/27/2013
Sacked Deutsche Bank trader loses £34m bonuses over Libor scandal
Christian Bittar is believed to have received some of biggest bonuses ever awarded by German bank
01/27/2013
FSA under pressure to 'water down' mis-selling findings
Factions within the Treasury want the Financial Services Authority to “water down” the findings of a review of banks’ mis-selling of complex financial products to small businesses.
01/27/2013
Goldman Sachs chief attacks David Cameron on tax avoidance
Goldman Sachs boss Lloyd Blankfein has hit out at David Cameron’s anti-tax avoidance campaign, warning that criticising people for their tax arrangements risks “criminalising every right-thinking person who organises his or her affairs in a se
01/27/2013
Get FATCA Right Or Pay Up, Warns HMRC
The UK was one of the first countries to sign up to the Foreign Account Tax Compliance Act
01/24/2013
Freshfields and Linklaters emerge as top financial services advisers
Linklaters and Freshfields Bruckhaus Deringer have emerged as the top legal advisers
01/24/2013
The Global Forum on Tax Transparency welcomes Romania as new member
“We are delighted to welcome Romania as a new Global Forum member”
01/24/2013
FSA Libor probe of ICAP intensifies
The newspaper also reported ICAP has been under formal investigation since at least March 2012
01/24/2013
Italy police catch 56 bn euros in tax evasion in 2012
Police also honed in on those using fake companies in tax havens to evade paying their dues
01/23/2013
Ex-UBS Trader Said to Seek NatWest 3 Man’s Advice
He was arrested in a U.K. criminal investigation on Dec. 11 and charged by the U.S. Department of Justice the following day.
01/23/2013
Ex-UBS Trader Hayes Said to Seek NatWest 3 Man’s Advice
Bermingham runs a consulting firm advising on extradition
01/22/2013
FSA Arrests Five People Over Insider Dealing
Asset management company Schroders said one of its employees was among those arrested in the early morning raids
01/22/2013
Model proliferation a key challenge to Fatca implementation, says State Street
The big question right now is the Intergovernmental Agreements