Legal,Regulation,Tax & Compliance
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Herbert Smith Freehills - Financial regulation update
08/18/2017FCA consultation on 2017/18 fee rates for market infrastructure providers
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Justice Department’s Latest Offshore Bank Resolution Confirms Value Of Self-Disclosure And Voluntary Remediation By At-Risk Foreign Institutions
08/18/2017The Justice Department appears to have taken great care to describe publically the extent of Prime Partners’ extensive cooperation
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Love Notes Were Insider Tips, U.S. Says, Charging 7 in Plot
08/17/2017The arrests are part of the largest insider-trading case in recent years
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Fired UBS Adviser Reignites Palm Beach Scandal Over Rich Widow
08/17/2017The trust paid the bill.
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Black banker sues Goldman Sachs for racial discrimination
08/17/2017Goldman Sachs does virtually nothing to hire.
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Platforms under FCA scrutiny defend fund picks
08/17/2017Affiliated funds were also less likely to be removed from buy lists.
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RegTech Spending Lags
08/17/2017Financial institutions basically have reverted to manual processes for a lot of the regulatory compliance issues.
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Investor Citizenship Stays Off The Table
08/17/2017The bankers and high net worth people with second homes, we want to ensure that those are dealt with on an expedited basis while still trying to get the backlog through.
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European Union To Link Emissions Trading System With Switzerland
08/17/2017The EU ETS is based on a ‘cap and trade’ system in which a cap is set on the total amount of certain greenhouse gas emissions that are allowed to be emitted by installations covered by the EU ETS.
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PwC Fined $6.6 Million in Largest-Ever Sanction From Regulator
08/16/2017The admitted acts of Misconduct include failures to obtain sufficient appropriate audit evidence and failures to exercise sufficient professional scepticism.
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Is Italy the newest tax haven for non-doms?
08/16/2017Many long-term UK-resident non-UK domiciled individuals may be wondering where to move to next, now that the government has confirmed that the long-awaited changes to the taxation of non-doms will indeed apply from 6 April 2017. Non-doms who have been UK-
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Swiss Firm Settles Charges It Helped Americans Evade Taxes
08/16/2017This investigation is being overseen by the Office’s Complex Frauds and Cybercrime Unit.
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Mauritius and Switzerland sign Foreign Office Consultation Mechanism
08/15/2017In her address, the Secretary for Foreign Affairs highlighted that both Switzerland and Mauritius share friendly and warm ties
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HMRC is taking action after the Rangers EBT ruling: issues facing trustees
08/15/2017The issues that affected trustees should now consider are as follows.
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Swiss expats in fighting spirit over banking service
08/15/2017I think we stand a good chance of finding a satisfactory solution.
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Germany seeks arrest of Swiss secret service members
08/14/2017The Swiss financial sector was rocked by a series of data leaks to Germany.
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Multiple Pro Athletes Swindled Out of Millions
08/11/2017The court's entry of the final judgment resolves this litigation in its entirety.
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Bermuda Introduces Bribery Act Legislation
08/11/2017The Bribery Act applies to private sector bribery, as well as public sector bribery
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Tax transparency: today and tomorrow
08/11/2017One of the biggest global initiatives addressing tax evasion has been the Action Plan on Base Erosion and Profit Shifting (BEPS), launched by the OECD in 2013.
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Unexpected tax bills for property ‘flippers’? by George Bull
08/10/2017With short-term property speculation running at its highest level since 2007, we question whether ‘flippers’ are giving enough thought to their tax bills.