02/24/2020
World Bank Grapples With Study Linking Foreign Aid to Corruption
The article was then published hours later, by the World Bank, he explained, also confirming this through screenshots he shared with OCCRP.
Legal,Regulation,Tax & Compliance
02/24/2020
The economic toll of the coronavirus – from iPhones to solar panels to tourism
While much of the world’s attention is rightly focused on the human toll of COVID-19 – including the 1,873 deaths reported as of 18 February – the economic toll of the outbreak also has potentially disastrous implications.
02/24/2020
Compliance lessons from Julius Baer’s ‘serious AML failings’
The shortcomings were uncovered by the Swiss Financial Market Supervisory Authority
02/24/2020
HMRC sets up secret unit to target wealthy families on IHT
It will be concerned that family investment companies are taxed too leniently and that huge amounts of wealth might be held through them.
02/24/2020
Monterey confirms Mourant has dominated the legal funds sector for 20 years
The annual Monterey Report is based upon the Jersey Financial Services Commission's list of regulated schemes as at 30 June 2019.
02/23/2020
Accuro Winner of the Who’s Who Legal Switzerland Awards
The fact that we have won this award for the second year running shows the consistency and quality of our services and further demonstrates Accuro’s leading position in the Swiss market.
02/21/2020
Hundreds of millions of pounds in dormant assets could be seized under plans to expand charity scheme
Since the launch of the dormant assets scheme in 2011, 30 firms have voluntarily transferred dormant funds into it.
02/21/2020
How Standard Chartered is leading the war on wildlife crime
For Standard Chartered’s Southern Africa CEO Jerry Kweku Bedu-Addo, fighting wildlife crime is now part of the day job.
02/20/2020
Portugal Golden Visa Program For CEOs, CFOs, And Business Investors
After five years of legal residency in Portugal, it is possible to apply for Portuguese citizenship.
02/20/2020
GFSC signs MoUs with two financial services regulators
The MoU with the Croatian Financial Services Supervisory Agency has been signed in the spirit of mutual cooperation and information exchange
02/20/2020
Finma penalises Julius Baer for money laundering
Julius Baer took note of Finma's announcement regarding the closure of the proceedings in the FIFA/PDVSA case and acknowledges in principle the conclusions regarding shortcomings in the fight against money laundering.
02/19/2020
BVI Joins EU Whitelist
On 18 February 2020, the Economic and Financial Affairs Council announced that the British Virgin Islands has moved to the ‘whitelist’, indicating that the BVI is now in line with tax governance and transparency standards prescribed by the EU.
02/18/2020
English Pre-Pack Appeal Changes the Game for Directors – Perspectives from Insolvency Lawyers in Jersey, Guernsey and Ireland
The judge ruled that a company director’s purchase of residential property from the company’s administrator at a “significant undervalue” had not been in the interests of creditors.
02/18/2020
How will Italy's Digital Services Tax impact tech giants' bottom line?
The aim is to tax businesses which traditionally paid low amounts of tax in foreign countries they operated in, those being: search engines, social networks and online marketplaces.
02/18/2020
Bahamas Removed from EU blacklist
The decision acknowledges that The Bahamas has implemented all the necessary reform to address concerns regarding economic substance, removal of preferential exemptions and automatic exchange of tax information.
02/17/2020
The Changing Landscape of Litigation Funding in the Cayman Islands
In the Cayman Islands, the courts recognise that the common law must evolve to meet the needs of society.
02/17/2020
Luxembourg update: Context of Brexit
During this transition period, EU laws and regulations will continue to apply in the UK and UK entities can continue to work in Luxembourg on the basis of their passporting rights.
02/17/2020
Developments in Private Wealth and Estate Planning for People’s Republic of China Citizens and Residents
More than 80% of family enterprises in China are still controlled by the first generation of wealth creators and a massive transfer of assets to the second generation is just getting started.
02/17/2020
Reflection and inflection: the past and present of regulatory change
For the financial industry and for regulation, the past 10 years have been similar to changing the tyres on a moving car.
02/17/2020
English High Court Confirms Status of Cryptoassets as Property
The Applicant applied for an interim proprietary injunction over the Bitcoins that remained in the cryptocurrency exchange account.