HSBC accused of incompetence by MPs in tax scandal
March 10th, 2015
HSBC executives have been accused by MPs of incompetence for saying they were unaware of tax evasion activities in their Swiss private bank. Chris Meares, the ex-head of HSBC’s private banking division: “I absolutely take responsibility for the control failings ...
UK – Offshore Tax Disclosures – Use The LDF while you can
March 9th, 2015
Tax authorities around the globe are increasingly working together to fight tax evasion and aggressive tax avoidance to collect more tax. In the UK, HMRC is geared up to take full ...
Events – Conferences – Seminars
February 26th, 2015
Stay updated with coming Live Events, Conferences and Seminars for Forex Market, Accounting, Legal Banking and in general on Business, Finance and Investments
Europe Stocks Near Seven-Year High on ECB Stimulus After Greece
January 26th, 2015
European stocks traded near a seven-year high amid optimism about central-bank stimulus, while Greek shares dropped as opposition party Syriza won an election. The Stoxx Europe 600 Index slipped less than 0.1 percent to 370.20 at 2:50 p.m. in ...
Fifty suitors bid for remains of FX firm Alpari
January 26th, 2015
More than 50 companies are bidding to buy all or part of failed forex and spreadbetting firm Alpari UK, City A.M. understands – with international units of the wider Alpari group among those who are interested. Alpari’s Japanese and ...
DUKASCOPY on the SNB decision
January 20th, 2015
DUKASCOPY released on SNB decision and CHF accounts that: No Trade Cancellations, No Negative Balances Management of Dukascopy Group has decided to take an exceptional decision to cover negative balances on client accounts related to CHF move on SNB ...
Richest Russians Repatriate Assets After Putin Turns Tax Screw
January 20th, 2015
President Vladimir Putin is pushing harder on Russia’s richest citizens to repatriate offshore assets amid a slump in the ruble and the imposition of sanctions by the U.S. and the European Union. Under new tax rules signed into law ...
FINMA: Switzerland Completes Financial Services Regulator Review
January 5th, 2015
The Swiss Federal Council has concluded that there is no fundamental need for comprehensive reform of the Financial Market Supervisory Authority (FINAMA), but has identified what it says are isolated areas where there is room for improvement. FINMA is ...
Switzerland bows to pressure; Tightens money-laundering rules
December 15th, 2014
The Swiss Parliament has bowed to international pressure, tightening the country’s money-laundering rules. There will be a CHF100,000 ($104,000) cap on cash transactions, and not just foreign dictators, but also senior politicians and officials like Sepp Blatter, will be ...
Gold Retreats From Five-Week High on Outlook for Stronger Dollar
December 2nd, 2014
Gold retreated after the biggest one-day rally in more than a year as investors weighed the outlook for a stronger dollar against a rebound in oil prices. Silver, platinum and palladium dropped. Bullion for immediate delivery declined as much ...
