07/26/2018
Fighting Tax Dodgers Can Kill Economic Growth
Shut out of their favorite havens, companies reduce investment and cut jobs
Legal,Regulation,Tax & Compliance
07/25/2018
Angola’s sovereign wealth fund and Quantum square off
Angola's new government seeks to sever ties with Quantum Global, a Swiss firm with ties to the Dos Santos dynasty
07/24/2018
Appleby Lawyers among Private Client Global Elite
They have been recognised for their contributions and expertise in advising trustees and ultra-high net worth individuals on the establishment, restructuring and administration of trusts
07/24/2018
Failed Columna fund targeted by financial investigator
Switzerland-based financial investigator David Mapley has launched a campaign to seek the return of $400,000 (£307,092, €343,963) for a client who invested in the failed Columna Commodities fund.
07/24/2018
Funds and insurance collide in the development of single ILS structures
A panel debate at ILS Insight also heard about increasing investors demands for transparency.
07/24/2018
Guernsey Receives Top Marks For Transparency From OECD's Global Forum
Confirmation from the OECD that Guernsey is Compliant matches the ratings of the other Crown Dependencies.
07/24/2018
OECD updates criteria for blacklisting non-transparent financial centres
In order for a jurisdiction to be considered satisfactory, it will have to meet at least two of the above three criteria.
07/23/2018
U.S. Censures UBS Over Its Anti-Money Laundering Systems
All Cease and Desist Orders, Civil Money Penalty Orders, and Removal/Prohibition Orders are issued with the consent of the parties, unless otherwise indicated as a Decision and Order issued by the Comptroller of the Currency.
07/23/2018
Moore Stephens highlights tech firm priorities
Our fifth annual owner managed business (OMB) report reveals remarkable resilience, with many OMBs performing better than expected last year.
07/22/2018
Finma finds Rothschild Bank in 'serious breach' of AML rules
FINMA will appoint an audit agent to review enhancements already put in place by the institutions.
07/22/2018
Anti-money laundering crackdown should be more focused on most suspicious activity – Law Commission
Money laundering is estimated to cost every household in the UK £255 a year and allows criminals to profit from their crimes.
07/22/2018
The Advantages of Listing Securities in the Channel Islands
TISE enjoys the support of a growing number of prestigious local and international organisations.
07/22/2018
Fugitive Malaysian businessman Jho Low still involved in affairs of his Hong Kong companies
Low, a key figure in 1MDB investigation, signed documents for private equity firm Jynwel Capital and non-profit group Jynwel Charitable Foundation this month.
07/20/2018
Tax agency goes after South African billionaire
I will be taking legal advice on whatever is misleading
07/20/2018
HSBC fined $1.2m in Hong Kong for 'systemic deficiencies' in bond sales
SFC reprimands and fines HSBC Broking Securities (Asia) Limited $9.6 million
07/19/2018
Keeping it real: The EU Council’s substance requirements by Ashley Fife, Appleby
Numerous other “offshore financial centres” face an end-of-year deadline to avoid being placed on the European Union Council list of non-cooperative jurisdictions for tax purposes.
07/19/2018
Blockchain Investment Funds: A Cayman Perspective by Higgs & Johnson
The flexible legal framework in Cayman means that fund vehicle can be tailored to meet onshore tax requirements
07/19/2018
New Reporting Regulation Will Have Big Effect on Family Offices
A new agreement on international tax and financial information exchange aims to provide less opportunity to shelter wealth from taxation. Global wealth managers and advisors need to make sure they and their clients are in compliance.
07/18/2018
Bank of Asia to host official BVI launch
The British Virgin Islands is the appropriate home for Bank of Asia because the BVI is at the forefront of delivering high quality technological and innovative offshore services.
07/18/2018
Liontrust to consolidate outsourced fund services to BNY Mellon
The UK asset manager will consolidate its asset servicing relationships for its UK and Ireland fund ranges and use BNY Mellon as its sole outsourcing provider.