07/30/2018
Wall Street Fears New International Tax That Was Aimed at Tech
Bank lobbyists are now urging the Treasury Department to come up with a fix for last year’s tax overhaul that would lessen the pain from Gilti
Legal,Regulation,Tax & Compliance
07/27/2018
Citi Indian wealth unit winding up nears end
The licence has since been surrendered to the regulator as part of the winding-up
07/27/2018
Ex-Julius Baer Banker in U.S. Arrest
Besides Krull, a Colombian citizen was also arrested, and seven more are being sought.
07/27/2018
BEPS Project Has Triggered Near-Global Tax Reform: OECD
The work follows the announcement that the EU was seeking to pursue new digital permanent establishment rules, potentially unilaterally if there wasn't an international consensus on such by 2020.
07/27/2018
Sexual Harassment, Embezzlement Claims Settled by New York Hedge Fund
Snow Park Capital Partners has reached an agreement with the ex-CFO who accused her boss of sexual assault.
07/27/2018
Nxivm sex cult case: Seagram heiress among four women arrested
She was formally charged on Tuesday before being released on a $100m (£75m) bail bond.
07/27/2018
New rape allegation suggests banks have a big cultural issue
UBS had not started a formal review into the senior banker's behaviour at the time he resigned, although it was reportedly seeking private mobile-phone messages between the alleged victim and her colleagues.
07/27/2018
Mystery banker's wife challenges UK unexplained wealth order
The NCA believed that two luxury homes worth £22m were purchased with money stolen by the woman’s husband
07/26/2018
GP cleared of mob plot to kill Brown Shipley adviser
Crichton told the court that he had sought to order a contract killing online in order to ‘clear his head’ after being diagnosed with ‘treatment resistant depression’ which led to suicidal thoughts.
07/26/2018
South African football agent’s £1.2m tax avoidance own goal
The scheme involved investments in the recruitment and training of young footballers
07/26/2018
Appleby named as a 'leading firm' in the Chambers Global HNW Guide
Appleby's highly regarded Private Client & Trusts group provides trust and foundation services to high net worth individuals, families, and fiduciary companies.
07/26/2018
MLD V and its implactions for Wealth Managers
This is likely to increase compliance costs
07/26/2018
Fintechs spreading across the globe: Seeking innovation beyond the US market
Fintechs are gaining traction in terms of headquarters locations and investments in a vast array of cities around the globe. How do financial services firms stay on top of this rapidly shifting landscape?
07/26/2018
Fighting Tax Dodgers Can Kill Economic Growth
Shut out of their favorite havens, companies reduce investment and cut jobs
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.