03/23/2018
The Bahamas’ Expects Removal from the EU List of Non-Cooperative Jurisdictions for Tax Purposes
The deadline for full compliance with the COCG criteria is December 2018.
Legal,Regulation,Tax & Compliance
03/23/2018
Staying afloat in a sea of regulatory change: priorities for 2018 - TMF
A key lesson from CRS early adopters is that FATCA and CRS are still being confused and interpreted as part of the same legislative piece, while they are two different requirements.
03/23/2018
Shell company frontmen face jail in crackdown on dirty money in property
The spotlight has fallen on Russian ownership of London property in the wake of the nerve agent attack in Salisbury.
03/23/2018
OECD issues interim report on tax challenges arising from digitalization
There is no consensus agreement among countries over the tax implications of scale without mass and a greater reliance on intangibles.
03/23/2018
Getting Restructuring Recognised in Jersey
High street names are in the headlines on an almost daily basis and insolvency practitioners in the UK are increasingly seeing themselves advising or appointed over businesses that span jurisdictions and aren’t just limited to the confines of the UK
03/23/2018
Appleby Mauritius wins 'Finance Deal of the Year' at Asia Legal Awards 2018
The Appleby Mauritius & Seychelles teams were led by Malcolm Moller and Counsel, Anjana Ramburuth.
03/22/2018
Malta bank chief held in US over Iran links
Company had been under scrutiny by murdered journalist Daphne Caruana Galizia
03/22/2018
Spy Scandal Due to Swiss Private Bank J. Safra Sarasin?
The trio are accused of handing over confidential client data to German officials – which they deny. If convicted, they face sentences of up to three years in jail.
03/22/2018
Warranty removed in update of Guernsey’s Private Investment Fund
The warranty has been replaced with a declaration, which places a lesser burden on the licensed manager.
03/22/2018
Crooks are impersonating Monaco’s elite including Prince Albert II to scam money from high-flying victims
‘For several weeks, individuals who are part of organised groups, have been stealing the identities of high-ranking personalities in the principality and trying to establish personal contact with them … notably through electronic messages, S
03/22/2018
Wealth advisers assess impact of Trump tax overhaul
Wholesale changes to the US tax have significant implications for investors
03/22/2018
UBS to pay $230m fine for toxic securities sale in New York
Additional resources will be dedicated to helping communities transform their code enforcement systems and invest in land banks.
03/22/2018
An airline is banning larger people from business class — and it's part of a trend sweeping the industry
Thai Airways International announced a 56-inch waistline limit for passengers sitting in business class on its Boeing 787-9 aircraft, according to the Bangkok Post.
03/22/2018
Legal battles loom between broker-dealers and departing advisers
As big names leave the industry’s adviser pact, lawsuits follow
03/22/2018
Second Real Madrid star accused of tax evasion
The Madrid court in charge of the investigation reopened the case in 2017, asserting that the allegations against Alonso had been “sufficiently substantiated”.
03/22/2018
Under Advisement: SEC Scrutinizes Wealth Management Industry
The SEC has also made a series of announcements aimed at addressing misconduct by investment professionals in their dealings with retail investors.
03/22/2018
Swiss Global looks to set up offices in Middle East and Asia
The announcement will see the group open news offices in Europe, Middle East, and the Far East.
03/22/2018
Authorities seize control of bank at center of Malta corruption scandal
Maltese authorities took control of Pilatus Bank that is at the center of a scandal exposed by the murdered journalist Daphne Caruana Galizia
03/21/2018
Swiss prosecutors charge Germans with industrial espionage - report
The Zurich prosecutor’s office was not immediately available for comment, while a German foreign ministry official said it was familiar with the case but that it does not comment on ongoing judicial processes.
03/21/2018
US tax reforms create opportunities and challenges for wealthy Asians
“Our corporate tax rate was, up until December 22, the highest in the developed world at 35%,” he says, pointing to the ‘why’ companies will look at the US differently now.