05/30/2017
Financial Penalties Imposed on Credit Suisse and UOB for 1MDB-Related Transactions
The banks are currently taking measures to address the weaknesses identified and strengthen their AML controls.
Legal,Regulation,Tax & Compliance
05/30/2017
The 1000 richest families in Scandinavia evade a third of their taxes, finds a new bombshell study
Research study: The richest families in Scandinavia avoid paying up to a third of their taxes
05/30/2017
Successful EBACE 2017 for Appleby
The Appleby contingent was among 13,000 business aviation professionals from more than 100 countries who attended.
05/29/2017
Ukrainians crack down on Scottish tax-haven companies
Several SLPs have been named in Ukrainian criminal cases
05/29/2017
Commission welcomes adoption of new rules to block #TaxAvoidance
Today’s agreement will ensure that companies cannot avoid taxation by abusing mismatches between countries’ tax treatment of certain income or entities
05/29/2017
Leak reveals Denmark's richest families have a quarter of their wealth stashed in tax havens
A broad majority in Parliament has joined colleagues in the EU in taking measures to combat the use of tax havens.
05/29/2017
Tiger Woods arrest: Repairing public image of former great will be big test
The fallout was devastating as it became apparent that he had been a serial adulterer.
05/29/2017
Commission adopts new rules to block tax avoidance
Stops companies abusing tax mismatches between countries
05/29/2017
Family Wealth Disputes: Preparation Is Key
The world's biggest smartphone maker Samsung and South Korea's other giant conglomerates are firmly in the sights of the country's new president Moon Jae-In - and analysts say he could succeed where many have failed.
05/28/2017
How Hong Kong can shed its reputation as a tax haven
Kalina Tsang says the government’s half-hearted attempt to enforce better information sharing with other jurisdictions to combat cross-border tax evasion does not go far enough, and it should be bolder
05/26/2017
BVI financial services licensees and professionals should prepare for the upcoming Caribbean FATF evaluation and national risk assessment
Under its mandate the regulator will focus on the implementation of four key policy areas: senior management oversight policies, control measures, record keeping measures, and staff training programmes.
05/26/2017
Withers represents Novak Djokovic on new sponsorship deal with Lacoste
The agreement follows on from a sponsorship relationship with the Uniqlo brand which commenced in 2012.
05/26/2017
SIX Financial Information sweeps the board at the Inside Market Data and Inside Reference Data awards
As the global regulatory landscape evolves, innovation is key to ensuring that market participants adjust seamlessly to new rules.
05/25/2017
Data Mining to Find Tax Cheaters
That Swiss bank account may be closed—but it’s not forgotten.
05/25/2017
Stockbroker fined S$9,000 for corruption in latest 1MDB-linked prosecution
The assets turned out to be two oil ships owned by PSOSL, and the clients, Ang found out later, were Bridge Partners Investment Management (Cayman) Limited and Affinity Equity International Partners Limited – companies controlled by Yeo and Mr Tan,
05/24/2017
Firm Targeting Nest Eggs of U.K. Expats Said to Face SEC Probe
About half of the salesmen in DeVere’s New York office have quit or been fired in recent weeks, they say.
05/24/2017
Funds industry warned over BEPS ‘collateral damage’ risk
Mr Mancini said industry bodies such as the BVCA and AIMA were providing a degree of pushback to ensure that exemptions for the funds industry were guaranteed, but BEPS still had a long way to evolve.
05/24/2017
Billionaire hedge fund manager Gets SEC Waiver to Keep Raising Money for Hedge Fund
A waiver from punishments that automatically kick in when individuals settle enforcement actions.
05/24/2017
The Beneficial Ownership Register In The Cayman Islands - Higgs & Johnson
The Laws are not yet in force but are expected to be passed in or around June 2017.
05/24/2017
FCA secures eight confiscation orders totalling almost £2.2 million
The Central Criminal Court has made confiscation orders against the two final defendants who were convicted of offences following one of the FCA’s largest investigations into unauthorised activity.