10/17/2018
Why Credit Suisse Was Ordered to Pay Ex-Broker Almost $1 Million
Nonetheless, the Finra panel ruled Chilton must pay back Credit Suisse an outstanding loan balance of $18,706, netting him an award of $844,621, InvestmentNews writes.
Legal,Regulation,Tax & Compliance
10/17/2018
Haven’s above: How ‘no deal’ Brexit could bring tax hikes or tax haven status by Chris Etherington
The hope, presumably, is that by lowering income taxes, the UK economy will receive a shot in the arm by supporting existing wealth-creators and attracting new ones.
10/17/2018
OECD clamps down on CRS avoidance through residence and citizenship by investment schemes
Moreover, a number of jurisdictions have committed to spontaneously exchanging information regarding users of CBI/RBI schemes with all original jurisdiction(s) of tax residence, which reduces the attractiveness of CBI/RBI schemes as a vehicle for CRS avoi
10/16/2018
Quarterly Investment Update Q3 2018
Markets are likely to remain volatile in the coming weeks but we think the underlying global economic backdrop remains sound and supportive for equities.
10/16/2018
PIMFA raises concerns over proposed extension of FOS award limit
The proposed increase will see levels rise from £150,000 to £350,000 and the trade association highlighted concerns about the potential impacts that the rise could have on the competitiveness of the market and the advice gap.
10/15/2018
Richest clients are being penalised by MiFID
High net-worth customers may be losing access to the best investment offers because of revised European market rules, according to the people running debt and market sales at Nordea Bank Abp.
10/15/2018
Crypto Fund Mulls Asian Expansion
Crypto Finance's regulatory backing is a breakthrough in Switzerland's nascent crypto scene, where providers are rushing to build bridges between traditional finance and blockchain technology underpinning the token providers flooding into the al
10/15/2018
In divorce or separation...the financial adviser should be the 2nd call made says Cardena’s Iain Reid
Divorce and separation can be extremely stressful for all parties involved.
10/15/2018
More than 160 celebrities nominated for honours have been secretly 'blacklisted' over tax dodging
Checks are carried out to ensure The Queen does not end up embarrassed by who she honours
10/14/2018
Head of British standards-setting body warns of rise in AI risk to financial markets
The global algorithmic trading market is expected to grow to US$18.16 billion by 2025 from US$8.79 billion in 2016 – but are the technology, artificial intelligence and electronic trading systems involved regulated strictly enough?
10/12/2018
London remains a safe haven for the world’s dirty cash
The government’s new unexplained wealth orders are a hopelessly weak weapon against money laundering
10/12/2018
Global Financial Markets Regulatory Review
Reported items include proposed legislation, rule changes, disciplinary actions, litigation, and other news.
10/12/2018
Harrow schoolboy investigated over ‘£3bn theft’ in one of biggest ever fraud probes
Jho Low, 38, is regularly seen flaunting huge wealth at exclusive Vegas and Hollywood parties
10/12/2018
Court in France denies UBS bid to drop money laundering charge
After seven years of investigation and aborted settlement talks, UBS will also answer charges that it illegally solicited clients in France
10/12/2018
Tax, Fiduciary and Philanthropic Requirements in 60 Countries - RESEARCH
A similar report was first produced by the two organizations in 2015.
10/12/2018
EU mulls blacklisting its own Member States
Lawmakers and campaigners questioned whether countries like Luxembourg, Malta, Ireland or the Netherlands should be considered tax havens due to their tax rules.
10/11/2018
Woman who spent £16 million in Harrods named as first person investigated under new 'suspicious wealth' orders
A second multi-million pound property is also being investigated.
10/11/2018
Appointment of AML Officers to Cayman Islands Investment Entities - Update
It is important that the operators of Cayman Island investment entities consider these new requirements and whether or not they are subject to these new requirements.
10/11/2018
OECD releases 2017 global mutual agreement procedure statistics
Improving the effectiveness and timeliness of dispute resolution mechanisms is the aim of Action 14 of the BEPS Action Plan (read the final report on Action 14 of the BEPS Action Plan) and is also part of the wider G20/OECD tax certainty agenda. The Actio
10/11/2018
Frank Stronach suing daughter Belinda over family fortune
New Jersey’s Throroughbred Daily News broke the news after obtaining a 73-page lawsuit from the Ontario Superior Court of Justice.