PwC faces 25m fine and ban over
PwC has been fined $25m by the New York Department of Financial Services (NYDFS) for abetting the falsification of data within a regulatory report at the Bank of Tokyo Mitsubishi (BTMU).
US
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Chewing the FATCA 10 commonly asked
Dalila Ver Elst, senior compliance officer at Maitland, answers 10 frequently asked questions about the implications of the Foreign Account Tax Compliance Act.
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Lombard Odier launches US focused
Lombard Odier Investment Managers (LOIM) has launched a US focused equity fund which aims to provide investors with an absolute return in all conditions.
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Exterminating ants with a nuclear bomb
A leading US tax lawyer has compared FATCA to “exterminating ants with a nuclear bomb” as the controversial act’s withholding stage is today launched across the globe.
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FATCA four countries that stood up to
International Adviser takes a look at four countries that refused to take US information sharing agreements lying down through their use of intergovernmental agreements.
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New era begins as FATCA is introduced
The controversial US Foreign Account Tax Compliance Act (FATCA) has been introduced around the world today, marking a new era for tax planning.
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Restrictive US tax agreement awaits
A last minute, state controlled tax sharing agreement between the US and Russia is currently awaiting president Vladimir Putins approval, after being passed by the Federal Assembly of Russia last Friday.
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BNY Mellon launches US Opportunitistic Fund
Lead portfolio manager Daglio believes that attractive market areas include financials, manufacturing and technology.
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New Zealand wangles sharing exemptions in
New Zealand has signed a unique intergovernmental-agreement (IGA) with the US allowing it to keep low risk accounts exempt from disclosure after the introduction of FATCA next month.
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Dai ichi confirms Protective Life acquisition
Japans Dai-ichi Life Insurance Company has confirmed plans to acquire US-based Protective Life Corporation.
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Dai-ichi Life Insurance considers purchase of US
Tokyo based insurer Dai-ichi Life is reportedly making plans to acquire Protective Life, a midtier US insurance company.
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Liechtenstein signs FATCA agreement with US
Liechtenstein has signed an agreement with the US in order to assist with the implementation of FATCA.