02/13/2017
Ex-AIG CEO Hank Greenberg to pay $9 million to settle with NY attorney general
AIG was also a defendant in the case, but settled with the attorney general's office in 2016 for $1.6 billion.
Legal, Regulation & Compliance
02/13/2017
The Battle for Global Banking Regulations
If they don't come to an agreement, the global banking system risks a collapse.
02/13/2017
Johnny Depp’s Money Woes a Case Against DOL Rule?
In his lawsuit Depp also admits he didn’t monitor his own finances, nor his advisors’ investments
02/12/2017
Campaign launched to axe FATCA tax rules
The move was intended to help clamp down on tax evaders who deposit wealth in offshore centres such as Jersey.
02/12/2017
Lawsuit claims JPMorgan Chase fees cheat jurors out of money
The lawsuit says Chase charges $1.50 a month in “inactivity fees”
02/12/2017
CME Adopts Rule Changes Regarding Offenses
These rule amendments were adopted at the request of the CFTC
02/12/2017
Location, Location, Location – Choosing the Situs of a Trust
The proper selection of trustees is important in choosing the situs of a trust.
02/12/2017
Here’s the Republican Masterplan for Wall Street Deregulation
The plan comes after President Donald Trump on Friday signed a largely symbolic executive order that outlined an intention to ease banking rules
02/12/2017
C Suisse client gets 7 months for hiding $200m
Horsky went to great lengths to hide assets overseas in order to avoid paying his share of taxes to the IRS
02/10/2017
Credit Suisse Client Latest Test to Leniency in Tax Fraud Cases
Prosecutors urged a judge to send him to prison for 20 months.
02/10/2017
Global Alliance Wealth Management strengthens global presence with opening of new office in Tokyo
Leading alternative asset manager and wealth management provider expands global platform with approval to commence Japanese operations.
02/10/2017
How the Flash Crash Trader’s $50 Million Fortune Vanished
The extent of Sarao’s culpability for the flash crash is fiercely contested.
02/10/2017
Do You Know What an IRS Criminal Investigation is?
Your worldwide income is subject to U.S. income tax, regardless of where you reside.
02/10/2017
Panama Papers scandal: Top law firm partners Mossack, Fonseca arrested
The documents showed myriad ways in which the rich exploit secretive offshore tax regimes.
02/10/2017
This is our best chance to scrap the toxic American tax law that makes pariahs out of US citizens
Global tax evasion is, of course, a major international problem that must be tackled head on
02/09/2017
CIBC Opts for Wolters Kluwer’s Regulatory Reporting Hub in Asia and UK
The bank has specifically signed up to use Wolters Kluwer’s OneSumX Regulatory Reporting, including the firm’s Regulatory Update Service.
02/09/2017
Top Wells Fargo executives may lose bonuses over sales scandal
Wells Fargo’s board is pursuing its own investigation.
02/09/2017
More travel complications from U.S. authorities: IRS to revoke Americans’ passports for unpaid taxes
Under new rules, American citizens too could soon be banned from travelling by having their passports revoked for unpaid taxes, warns the boss of one of the world’s largest independent financial advisory organisations.
02/09/2017
Top firm said shutting down business as part of investment banking overhaul
Deutsche Bank had slid to 13th place among banks in that clearing business, the Financial Times said in a report on the plan Wednesday.
02/09/2017
Germany pulls some gold reserves from U.S., France
The Bundesbank aims to store half of Germany's gold reserves in its own vaults in Frankfurt by 2020.