04/03/2020
Arron Banks fails in effort to use European laws to avoid £162,000 tax bill
HMRC says millionaire owes money for inheritance tax liability on Ukip donations
Legal,Regulation,Tax & Compliance
04/03/2020
Butterfield shuts its branches over Covid-19
Restrictions, including social distancing, will be in force today.
04/03/2020
Federal Council aims to strengthen Swiss debt market through tax reform
This will enable corporate groups to issue their bonds in Switzerland without withholding tax hurdles.
04/02/2020
COVID-19 Governance: Proposed changes to English insolvency law
As ever with emergency legislation intended to respond to a particular crisis, the Government will wish to ensure that any legislation does not give rise to unintended consequences
04/02/2020
EU regulators issue money laundering warning as criminals adapt to Covid-19
The authority singles out international trade as a potential risk area.
04/02/2020
A quarter of bosses have yet to address staff directly on Covid-19 crisis
UK CEOs shun video conference systems and opt for email updates as millions turn to remote working to do their jobs, according to a major new report into how large and medium sized companies are operating during the pandemic
04/02/2020
Luxembourg Pulls out the Stops to Battle Coronavirus
The association of CEOs has been mobilized, as well as six banks
04/02/2020
Malta FSA hands deVere €23k fine
The company now has thirty days to lodge its appeal.
04/02/2020
Ant Financial, Vanguard Group target 900m users with robo adviser
The transactions are done automatically and the robo adviser will also help investors re-balance their portfolios if necessary.
04/02/2020
Money Laundering, Lawyers, and Escrow: The Case for Voluntary Due Diligence
The real value in the Committee’s investigation flowed, not from the sanctioning of lawyers, but in the identification of unresolved issues.
04/02/2020
EFG to nominate board of directors chair and two members
At this year’s Annual General Meeting, EFG’s Chair of the Board of Directors, John Williamson, has decided not to stand for re-election.
04/02/2020
Crown Dependencies’ banking associations write open letter on coronavirus concerns
The banking associations added that they were working with each island government to ensure that support for businesses and individuals is available quickly.
04/01/2020
FINMA Guidance: temporary exemptions for banks due to the COVID-19 crisis
For banks whose shareholders approved after 25 March 2020 dividends or other similar distributions relating to 2019, or who plan to seek such shareholder approval, the capital relief will be reduced by the amount of the said distributions.
04/01/2020
Dividends: UBS unaffected by tightened Finma measures
UBS pursues the declared goal of distributing at least half of its profits to shareholders each year.
04/01/2020
Luxembourg regulator suspends Rothschild ex-CEO for ten years
The bank said in its 2017 annual report that it had paid the fine after the CSSF had notified it of a possible fraud involving former Malaysia Prime Minister Najib Razak’s 1MDB investment fund.
04/01/2020
Am Law 100 Firm Cuts Partner Pay Entirely, Reduces Associate Salaries By 25 Percent
Another Biglaw firm is tightening its belt because of COVID-19.
04/01/2020
United States' progress in strengthening measures to tackle money laundering and terrorist financing
The United States is now compliant on 9 of the 40 Recommendations and largely compliant on 22 of them.
04/01/2020
Guernsey legal and regulatory update
Guernsey's Revenue Service has introduced an online service for companies completing and submitting their corporate tax returns.
04/01/2020
Working Through the Lockdown
In both social and business environments this is a community event being faced as a community.
04/01/2020
COVID-19: Countrywide lockdowns make AGM attendance tricky - but what are the rules?
Lockdowns will make things more complicated for leaders preparing for their AGMs, but there are a number of options, depending on which country you are in.