05/16/2012
Failure to take reasonable care to establish and maintain adequate AML systems and controls went on for three years, the FSA said, and the firm was exposed to an ‘unacceptable’ risk of money laundering.
05/16/2012
Swiss government's official agency for monitoring money laundering cases has said it replied within an average of five days to inquiries from Financial Intelligence Units (FIUs) of foreign governments in 2011, but the average response time for its ow
05/16/2012
The activists, who were marking a year since the start of the Spanish protest movement called los Indignados, rolled a makeshift dice to decide which banks to visit during the day. Last year, los Indignados occupied plazas across Spain in opposition to au
05/16/2012
Rinaldi pointed out that, in most cases, those Italians “have made sacrifices and earned money for Italy through their remittances.” He added that, in Parliament, MEPs are hearing the profound dissatisfaction of Italians around Europe.
05/15/2012
The authorities are examining the data before writing to U.K.-resident account holders and sharing the information with other countries, said the people, who declined to be named because the matter is confidential.
05/15/2012
Dave Hartnett, head of British tax authority HMRC, was responding to a question on whether E.U. common markets officials could mount objections to Britain's deal as well as ones Switzerland clinched recently with Germany and Austria, in favour of dem
05/15/2012
he European Court of Justice has ruled that foreign investment funds that invest in French companies should not be liable to pay a discriminatory withholding tax on dividends
05/15/2012
Von Crailsheim, meanwhile, is a tax specialist and Terpitz is a projects lawyer, focusing on renewables and energy regulatory matters.
05/15/2012
The appointment expands Duane Morris’s private equity group outside the US and Asia, with further hires in the City expected to follow.
05/14/2012
Increased market fragmentation has made it more difficult to pick out market manipulation across Europe's trading venues, pushing the European Securities Markets Authority to enact tough new market abuse rules.
05/14/2012
The consultancy has outlined five areas of impact for DB pension risk management for plan sponsors to consider as they prepare for adoption of IAS 19 rev 2011 over the next year.
05/11/2012
A former UBS trader, who was fired after the bank found he worked with a colleague to manipulate trading figures, sued for unfair dismissal in London.
05/11/2012
He been banned from carrying out any regulated financial services activity in the future.
05/10/2012
Switzerland is trying to shed its image as a haven for tax cheats and has already struck deals with Germany, Britain and more than a dozen other countries to return a share of foreign money hidden in Swiss banks.
05/10/2012
Wealthy Austrians are starting to repatriate assets they had deposited in Switzerland after a tax deal that forgives past tax evasion against a one-time payment, the head of Austria’s Capital Bank AG was quoted as saying.
05/10/2012
This is the largest fine ever imposed by the FSA in a conflict of interest case.
05/10/2012
The Financial Services Authority (FSA) has published a feedback statement setting out the approach being taken by the FSA to ensure firms develop appropriate recovery plans and resolution packs.
05/09/2012
Verdict Due In Dresdner Kleinwort Bonus Case
Justice Robert Owen is expected Wednesday to make public his decision, according to sources, ending more than two years of legal wrangling.
05/09/2012
The global e-learning program includes industry focused content for the financial services industry sector and is fully customizable for a particular institution.
05/09/2012
He brings with him a knowledge of tax, trust and estate planning for wealthy individuals, as well as their advisers and trustees, both domestically and internationally.