09/07/2016
Swiss charge former UBS banker over German data sale
The CD related to assets worth 3.5 billion Swiss francs.
Legal, Regulation & Compliance
09/07/2016
Irish government to close 'vulture funds' tax loophole
They have used part of the tax code known as Section 110 to reduce tax bills to a few hundred euros a year.
09/07/2016
MiFID II Q&A on Trading Venues Being Prepared
The complexity of quote-driven markets will increase under the new regulations
09/07/2016
FCA consultation on Pension Wise standards
The FCA has launched a consultation (CP16/22) on proposed changes to the standards applied to Pension Wise designated guidance providers.
09/07/2016
Exotic Capital Deals Fed by Stricter Bank Rules in Scandinavia
Banks may be enticed to buy capital relief if stricter rules are imposed.
09/07/2016
New inheritance tax rules to impact non-UK residents holding property through offshore companies and trusts from 5 April 2017
As previously announced, the new legislation aims to reform the taxation of non-domiciles and will have practical implications for those who purchase, hold or sell UK residential property through offshore structures.
09/07/2016
Italy police nab gang of bank card fraudsters
Italian police had busted a major credit and bank card forgery ring
09/06/2016
Standard Chartered Hedge Funds Lawsuit Highlights Derivatives Risk
The British bank faces a lawsuit after underwriting a convertible bond deal that left investors with worthless stock.
09/06/2016
MiFID II – FCA webpages on market data reporting and MDP - Herbert Smith Freehills
Anchor MiFID II – FCA webpages on market data reporting and MDP The FCA has published a new webpage on market data reporting and the Market Data Processor ((MDP) system.
09/06/2016
Dentons named "Super Law Firm of the Year" in Poland
The title confirms our strong market position and Dentons’ excellent reputation among clients, business partners and other law firms in Poland
09/06/2016
Tchenguiz brothers’ legal bill hits £5.1m in court battle against Grant Thornton
Robert Tchenguiz followed suit and filed against the same defendants in 2015.
09/06/2016
AG has been shortlisted for five awards in the Financial Times Innovative Lawyers awards 2016, outlining the firm's commitment to shaping the future of legal services
The awards will be held on 5 October 2016 at the Natural History Museum in London.
09/05/2016
Apple's top lawyer fires back at EU over tax ruling
After being told the company owes $14.5 billion in back taxes, Apple's general counsel says the European Commission has its numbers wrong.
09/05/2016
Boardroom ban for Irish chief linked to $16bn Ponzi scheme
Financial storm centres on Belvedere Management Ltd, which controlled billions of assets
09/05/2016
Proposed amendment to Finance Bill could hamper implementation of OECD international tax reforms
The IRS made it quite clear that country-by-country reports will not be shared with any country that poses a threat to confidentiality.
09/05/2016
Legal loophole on tax evasion to be debated at Westminster
The call for a review will come as an amendment to the Government’s finance bill on Monday and follows a series of Herald investigations that revealed how the Scottish-based firms were being used to launder profits from gun-running deals.
09/05/2016
French ex-minister in court over tax fraud, money laundering
Cahuzac, who acknowledged evading taxes for two decades, faces up to seven years in prison and a 1 million-euro fine if convicted.
09/05/2016
HSBC'S Foreign-Exchange Dealings Under Scrutiny Again
Such an incident of suspected malpractice is nothing new for HSBC, a bank that has regularly caught the attention of US regulators in recent times.
09/05/2016
Scheme rules may block Treasury's advice allowance plans
Some experts raised concerns that scheme rules might block the changes, and have questioned public demand for advice.
09/05/2016
Central Bank seeking experienced UK regulators
Authorities looking to hire ahead of anticipated influx of financial services firms