Accountants could face tax evasion charges
February 25th, 2015
The chief secretary to the Treasury, Danny Alexander, has called for organisations including accountants, to be prosecuted if they facilitate tax evasion by their clients. The Lib-Dem minister wants to push through new legislation before the general election on 7 ...
Russian Asset Sales Muddy Sanction Compliance
February 13th, 2015
U.S. Companies Already Have to Contend With Complex Rules In recent months, Boris and Arkady Rotenberg—Russian businessmen and friends of Vladimir Putin —have sold off assets to their sons that include holdings in a Gazprom drilling contractor and the sleek Finnish Langvik Congress ...
Hodge delivers fresh attack on tax avoidance
February 12th, 2015
Professional tax advisers heard some tough talking from Margaret Hodge MP, chair of the Public Accounts Committee, when she spoke at an ICAS Business Insights event in London on 10 February. The Labour MP for Barking said: “There are too many ...
Why now is the time for London to be proud of its world-leading legal sector
February 10th, 2015
The foundations of any transaction in a market economy are based on one simple thing: trust. And key to this is the legal system that enforces that trust – by making sure that both sides know exactly what they ...
SEC Announces Charges Against Standard & Poor’s for Fraudulent Ratings Misconduct
January 22nd, 2015
The Securities and Exchange Commission today announced a series of federal securities law violations by Standard & Poor’s Ratings Services involving fraudulent misconduct in its ratings of certain commercial mortgage-backed securities (CMBS). S&P agreed to pay more than $58 ...
Euro-MPs back LuxLeaks tax probe
January 15th, 2015
European lawmakers backed an official probe into tax evasion Wednesday, a hot topic after the “Luxleaks” scandal that has embroiled EU commission head and former Luxembourg premier Jean-Claude Juncker. The Greens group said it had collected enough votes to ...
George Papanicolaou
January 7th, 2015
George Papanicolaou holds a BSc in Electronic Engineering from the University of Texas at Austin (USA), an MBA with specialization in Finance from Leicester University (UK) and a Postgraduate Certificate in the Mechanics of Risk Management from Middlesex University ...
FCA doubles interventions in 2014
January 5th, 2015
The Financial Conduct Authority (FCA) doubled the number of times it intervened to force firms to change their practices in 2014. The FCA made 31 ‘early interventions’ – which are done without a lengthy official investigation – in 2014 ...
New strategic approach to ensure “sharper focus” to regulatory challenges ahead
December 9th, 2014
The FCA’s remit is far ranging and challenging with the recent additional responsibility for regulating consumer credit meaning the number of firms that now come under the FCA has trebled over the past eighteen months. The approach is shaped ...
Fall of the Bond King: How Gross Lost Empire as Pimco Cracked
December 4th, 2014
Bill Gross, the 70-year-old king of bonds, rushed through the offices of his $2 trillion empire on a Friday morning distributing hand-written notes. He knew his reign was over. The billionaire co-founder of Pacific Investment Management Co. and its ...
