11/05/2015
SEC Announces Whistleblower Award of More Than $325,000
No money is taken or withheld from harmed investors to pay whistleblower awards.
Legal,Regulation,Tax & Compliance
11/05/2015
Before divorcing your spouse, consider divorcing your financial adviser
It’s a crucial time to have someone in your corner
11/05/2015
Brazil speaker faces ethics hearings over secret Swiss bank accounts
First-time legislator Fausto Pinato to lead investigation into Eduardo Cunha
11/04/2015
OECD-UNCTAD report on G20 investment measures
Expressed in numbers, well over 80% of newly-taken measures specific to foreign direct investment were liberalising in nature.
11/04/2015
DFSA fines Private Banking division for Anti-Money Laundering Deficiencies
Brought the contraventions to the DFSA 's attention after the firm received internal whistle-blower complaints concerning the operation of its Private Banking International business line in the DIFC (PBI).
11/04/2015
Forbes family sues Chinese investors over magazine deal
The family behind Forbes magazine is suing the majority shareholders of its media business -- Chinese investors who acquired a stake last year -- for allegedly failing to pay up.
11/04/2015
MPs attack HMRC for 'failures' over tax avoidance reports
HM Revenue & Customs is still failing to report how much cash it has received from its efforts to address aggressive tax avoidance, a group of MPs has said.
11/04/2015
Financial Services Firms Set For 25% Contraction
Andbank chief executive, Manel Martinez, said the Bahamian financial services industry needs to effectively “up its game” and differentiate itself from its competitors.
11/03/2015
U.S. Placed Above Cayman Islands in Financial Secrecy Blacklist
Singapore and the Cayman Islands were placed fourth and fifth in the TJN rankings
11/03/2015
Providers tell FCA their annuity data is incorrect
The breakdown states that six people have used third way products between £30,001 and £50,000
11/03/2015
Maitland wins $30 billion MMI Holdings outsourcing mandate
Institutional fund administrator to provide turnkey solution for MMI’s investment administration consolidation
11/03/2015
German state buys USB said to hold evidence of €600m in tax avoidance
North Rhine-Westphalia pays €5m for information on tax avoidance and illegal deals, according to Der Spiegel
11/03/2015
Malaysia’s largest bank eyes sukuk deals in GCC
Maybank was one of the six-member consortium to arrange $750m five-year sukuk for Dubai Islamic Bank early this year
11/02/2015
SA advisers should learn from UK’s RDR
South Africa’s asset managers need to learn from the UK’s Retail Distribution Review experience and work in partnership with financial advisers when implementing next year’s regulatory changes
11/02/2015
The Cape Town Convention in the UK: Effective 1 November 2015
The UK has amended its existing insolvency laws by adopting Alternative A of Article XI of the Protocol
11/02/2015
Single family offices set to evolve under regulatory gaze
Regulators around the world are carefully scrutinising the sector with a view to bringing them under their oversight
11/02/2015
Rafael Benitez among sports celebrities embroiled in new tax investigation
HMRC is investigating £200m investments into a renewable energy firm as it clamps down on tax avoidance schemes
11/02/2015
US overtakes Caymans and Singapore as haven for assets of super-rich
But financial secrecy index report notes if UK and affiliated tax havens such as Jersey were treated as one, it would top the list
11/01/2015
Global Forum on tax transparency pushes forward international co-operation against tax evasion
The imminent shift to the automatic exchange of information will send a strong warning to tax evaders.
11/01/2015
Grant Thornton settles lawsuit for $4.4 million
The company declared bankruptcy soon after the discovery that a Cayman Islands subsidiary had booked $4 billion in nonexistent cash and securities accounts.