07/13/2020
Silver to become the new gold – Credit Suisse
The Gold/Silver ratio is also back pressuring price and retracement support, beneath which would suggest silver can extend its current outperformance.
Legal,Regulation,Tax & Compliance
07/11/2020
Carey Olsen leads offshore firms in Chambers High Net Worth 2020
In total, 10 of the firm's lawyers from across its Bermuda, Cayman Islands, Guernsey and Jersey offices have been recognised by the independent legal directory
07/10/2020
HMRC reports £31bn in unpaid tax
It blames evaders, but businesses and individuals responsible for most of the missing cash
07/10/2020
Ireland introduces central beneficial ownership register for some investment funds
The regulations for funds follow the introduction of a Central Register of Beneficial Ownership (CRBO) for companies last year, with this register overseen by the Companies Registration Office.
07/10/2020
Morning Coffee: Credit Suisse might cut two whole divisions. The most horrifying banking roadshow ever
Conversely, creating an even stronger fortress Switzerland would also send a message about strategic and geopolitical priorities.
07/10/2020
The Role of a Protector
A protector must comply with the express terms of the power. She cannot act outside of her powers; if she does, the action will be void.
07/10/2020
The Offshore Litigator's Perspective
That is, at least until enabling legislation is passed to rectify the position. We also analyse the latest guidance on recoverability of overseas lawyers' costs, including a determination that the fees of in-house counsel can be recovered.
07/10/2020
Asset, Aviation and Real Estate Financing Trends
Offshore Perspective from a Guernsey Banking Lawyer
07/09/2020
Merrill Fires Multi-Million-Dollar UHNW Pair for Cheating
His partner, Christopher R. Berry, was let go for the same training violations, according to the summary of his discharge.
07/09/2020
Russian Billionaire Loses Appeal In Feud With Swiss Art Dealer
The battle has been playing out over the past five years in courts across Europe as well as New York and Singapore.
07/09/2020
Dutch court to question ING and ex-CEO Hamers in money laundering case
But a group of disgruntled investors felt justice had not been served and the court in The Hague had said it would take their demands into consideration.
07/09/2020
How China’s Greater Bay Area wealth management connect could help millionaires move their money across borders
Cross-border banking partnerships seen as key to implementation
07/09/2020
3 Key Lessons From The FATF’s Report On Its Virtual Asset Review
According to the FATF’s report, 32 jurisdictions that it surveyed have imposed anti-money laundering and countering the financing of terrorism regulation on the virtual asset sector.
07/08/2020
UK High Court inheritance disputes hit all-time high
Hasty action taken during covornavirus outbreak could spell trouble down the road
07/08/2020
Is catching tax evaders the answer to settling covid-19 debt?
Would be ‘perverse’ for HMRC to ‘attack’ upstanding citizens but leave law breakers ‘unchallenged’
07/08/2020
Deutsche Bank Fined $150 Million For Relationship With Jeffrey Epstein, Other Lapses
First Enforcement Action by a Regulator Against a Financial Institution for Dealings with Jeffrey Epstein
07/08/2020
Ireland Update: Establishment of Register of Beneficial Ownership of Unit Trusts, ICAVs and Credit Unions
The 2020 Regulations also amend the definition of “beneficial owner” in relation to Unit Trusts including to clarify that there will be a “greater than 25 per cent” threshold when determining whether a unitholder is deemed to be a
07/08/2020
Appleby Offshore Data Protection Guide
The team works frequently with local government, regulators and industry bodies to develop responses to the challenges of globalisation and regulation, with a focus on producing effective solutions for clients.
07/08/2020
Supervising the new normal
Blog post by Kerstin af Jochnick, Member of the Supervisory Board of the ECB
07/08/2020
Scope of the Cayman Islands Private Funds Law expanded
The scope of the Private Funds Law, 2020, which introduced fundamental changes to the regulation of Cayman Islands closed-ended funds earlier this year, has been expanded by the Private Funds (Amendment) Law, 2020.