11/19/2012
HSBC Geneva acts: I-T department approaches Swiss authorities
The I-T department has initiated the step in order to build water tight case
Legal, Regulation & Compliance
11/19/2012
UBS ex-managing director charged in French tax probe
The others charged include the former head of a UBS office in the northern city of Lille
11/19/2012
IMA urges HMRC to consult further on Fatca reporting duties
‘It would be helpful if UK regulations and guidance could limit responsibility for the actions of third party service providers to those directly contracted by the UKFI.’
11/19/2012
Conman's £600,000 fraud posing as retired Goldman Sachs billionaire
A conman who seduced a wealthy woman out of more than £600,000 by posing as a retired Goldman Sachs billionaire was jailed.
11/19/2012
RBS Irish unit fined €2m over capital rules
The Irish Central Bank has fined Royal Bank of Scotland's Irish unit €2m (£1.6m) for violating liquidity and capital rules, in the latest regulatory blow to the nationalised British bank.
11/19/2012
SFO faces £3m legal bill over Tchenguiz probe
"We are delighted that this judgment recognises the impact of the former SFO regime's unlawful actions."
11/19/2012
Taskforce Launched To Tackle Tax Cheats In The Rental Property Sector
A taskforce to tackle tax cheats in the rental property sector in the South East was launched today, 19th November, by HM Revenue & Customs (HMRC). It is expected to recover nearly £4 million.
11/19/2012
Number 10 hints at plan for new stamp duty rise
Downing Street has fuelled speculation that the Chancellor will announce a rise in stamp duty for the most expensive homes in next month's Autumn Statement.
11/19/2012
FATCA Model 2 Agreement Released - Withers
Model 2 essentially builds upon the foundation of Model 1 with some significant differences
11/19/2012
UBS rogue trader found guilty of fraud
Jury convicts Kweku Adoboli of one count of fraud in relation to £1.5bn trading loss at one of world's best-known banks
11/18/2012
IKB Sues Morgan Stanley Over $147 Million in Bonds
IKB, based in Dusseldorf, said in a summons filed today in New York state court in Manhattan
11/18/2012
Man accused of defrauding AIB rubbed shoulders with royalty
A FRAUDSTER accused of swindling Allied Irish Banks hosted the Duchess of Cornwall
11/18/2012
RSM Tenon reports thaw in FSA relations as RDR hits sales
Advisory firms says “business as usual” relationship resumed after period of increased supervision from regulator.
11/15/2012
FundsNetwork urges HMRC to clarify adviser charging rules
Head of tax Paul Kennedy said advisers needed to be aware that facilitating a fee would count towards a client's capital gains tax allowance, currently at £10,600.
11/15/2012
Linklaters Amsterdam Partner Moving to Sydney with DLA Piper
He primarily advises international investment banks and sponsors on complex cross-border transactions.
11/15/2012
Coutts & Co turns to Herbies for High Court battle
A court date has been set down for the end of the month, bringing to a climax a four-year battle between the parties.
11/15/2012
Two-timed women can keep money after being cleared of insider dealing
Two women who between them made more than £600,000 by following share tips from their two-timing banker boyfriend are set to keep the money after they were cleared of insider trading.
11/15/2012
FSA tells City banks to claw back bonuses
Britain's financial watchdog has warned global banks in London that it expects to see them “claw back” deferred bonuses from bankers involved in the recent scandals that have rocked the industry.
11/15/2012
Greece Asks U.K. Chancellor for HSBC Account Holders in Jersey
Stournaras wrote to U.K. Chancellor of the Exchequer George Osborne asking for the information, according to an e-mailed statement from the Athens-based Finance Ministry.
11/15/2012
FSA cancels adviser's permissions over FOS award
The FSA has cancelled the permissions of an adviser firm for failing to pay a Financial Ombudsman Service award relating to its predecessor business.