01/10/2013
Canada’s investment industry self-regulatory organization has found that the process for setting Cdor, the Canadian version of Libor, is murky, complex and could be manipulated, but stopped short of making concrete recommendations on how to fix it.
01/10/2013
The Model 2 IGA calls for direct foreign financial institution (FFI) reporting to the IRS but with aggregate disclosure of "recalcitrant" account holder data, subject to exchange of information requests by the IRS.
01/09/2013
A former hedge-fund consultant who worked for an SAC Capital Advisors affiliate avoided prison Wednesday, after prosecutors said he cooperated and "contributed substantially" in the U.S. government's crackdown on insider trading.
01/09/2013
Mary Estelle Curran, 79, admitted yesterday in federal court in West Palm Beach, Florida, to two counts of filing false tax returns.
01/08/2013
HSBC’s Geneva-based private bank is one of at least 11 Swiss firms under investigation by U.S. prosecutors investigating offshore tax evasion.
01/08/2013
She pleaded guilty today and accepted full responsibility for her actions
01/08/2013
Seattle’s Laird Norton Tyee has a new name and a new logo
01/07/2013
Shares up 1.8 percent in premarket trade following settlement with Fannie Mae
01/07/2013
The Alpine country is trying to preserve what is left of its cherished banking secrecy that suffered a severe blow in 2009 when UBS, the first Swiss bank that came under scrutiny in the US, was required to disclose client data.
01/07/2013
A global settlement has been pursued by the Swiss government since early 2012.
01/07/2013
In November 2010 – some eight months after his departure from Fidelity Brokerage – his former firm notified Morgan Stanley that it believed he had improperly taken nonpublic customer information.
01/06/2013
JPMorgan, contends the information is protected by attorney-client privilege.
01/06/2013
Goldman Sachs is seeking nearly $7m (£4.3m) from a former board member convicted of insider trading to cover its legal fees and expenses, following a judge’s description of the bank as a “victim” of the crime.
01/06/2013
They were arrested in 2004.
01/06/2013
Swiss banking secrecy laws prevent banks from disclosing any information on the financial affairs of clients to third parties, unless there are sufficient grounds to suspect a crime has been committed.
01/06/2013
Following is a brief summary of those aspects of the Act that we believe are most relevant to our clients in the areas of (i) gift and estate taxes, (ii) personal income tax, and (iii) business tax.
01/03/2013
“There is no excuse for wealthy Americans flouting their responsibilities as citizens of this great country to pay their taxes, and there is no excuse for foreign financial institutions helping them to do so.”
01/03/2013
The alleged deficiencies of Mizuho's secured accounts occurred in October 2011, just weeks before MF Global's spectacular downfall.
01/03/2013
Douglas high court judgment involving four claimants – IFG International Trust Company Limited, Trident Trust Company (IOM) Limited, Inter-Continental Management Limited and Kleinwort Benson Trustees (Isle Of Man) Limited.
01/01/2013
It was one of the most important leads for U.S. investigators pursuing a case against the bank that eventually led to a $1.9 billion settlement on December 11.