08/18/2019
Standard Chartered faces £10m Treasury fine
The Office of Financial Sanctions Implementation has notified the Liverpool FC sponsor of the proposed fine, Sky News learns.
Legal,Regulation,Tax & Compliance
08/18/2019
Brussels plans to revive money laundering blacklist
Previous bid to name non-EU countries ran into diplomatic row with accused countries
08/16/2019
Switzerland to exchange financial account information with 33 more countries for tax purposes
The report on the review mechanism for standard-compliant implementation of the AEOI was approved by the Federal Council during its meeting
08/16/2019
Tribunal overturns FCA ban on 'reckless' Barclays Wealth exec
The FCA also alleged that Mr Tinney made false or misleading statements to his colleagues in a response to the US Federal Reserve Bank of New York in November 2012 about the same document.
08/16/2019
Luxembourg moves to enforce crackdown on tax-avoidance
Certain Luxembourg entities which are liable for corporation tax, including Luxembourg permanent establishments of foreign entities, will be subject to the legislation from 1 January 2020.
08/16/2019
New money-laundering rules change everything for cryptocurrency exchanges
Complying with regulators could mean the difference between going mainstream and remaining forever on the margins of the global financial system.
08/16/2019
International law firm advises Berenberg on financing of Biotest AG
The company specializes in clinical immunology, hematology, intensive care and emergency medicine.
08/16/2019
Partner got huge secret pay-off after accusing Clifford Chance of doctoring his appraisal
He also alleged that the report included other justifications for reducing his pay which were never presented to him during his appraisal, said a source.
08/15/2019
Wall Street asset manager claims boss coerced her into sex in exchange for supporting her investment fund
She claims she was fired when she cut things off, and filed a complaint with HR.
08/14/2019
Luxembourg pushes DAC6 legislation forward by laying out mandatory disclosure guidelines for tax harmful cross-border arrangements
DAC6 concerns all EU member states and must be enacted by 31st December 2019
08/14/2019
Corporate blackmail: one way in which victims can take back control
The modus operandi of the corporate blackmailer is to obtain information
08/14/2019
EU Members Adopt Tougher Crypto Rules Than AML Directive Requires
German Regulations Chase Out Crypto Companies Like Bitpay
08/14/2019
Charities, data protection officers, GDPR: where are we now?
The GDPR aimed to make organisations accountable for data protection and imposed a requirement on those organisations to demonstrate compliance.
08/14/2019
Finma adds new firm to warning list
According to the firm’s website, the company offers investment services to companies as well as entrepreneurs.
08/14/2019
New tax data reveals Australians hold $100bn in offshore accounts
More than 1.6m accounts identified in data shared with Australian authorities by 65 countries including tax havens
08/13/2019
Schwab sues former employee for soliciting high-net-worth client
The brokerage house claims a former employee violated his contract after leaving in March to start his own practice.
08/13/2019
Tax from non-doms falls by £2bn as wealthy flee the UK
HMRC said that of those who stopped using non-dom status, about half switched to domiciled status and continued to pay tax in the UK while half left the British tax system altogether.
08/13/2019
Wealth taxation: An overview of the issues
On balance, it would be more prudent to pursue any desired increase in tax progressivity through reforms of the income and estate and gift taxes.
08/13/2019
MAS steps up scrutiny of shell companies to combat money laundering
Ms Tay told Reuters in an interview, adding that this trend was also noticed in other financial centres.
08/13/2019
French-Israeli diamond magnate to face trial in Geneva
No date has been set for the start of their trial.