04/05/2017
In tax evasion hunt, Australia finds scores of Swiss accounts still active
Out of that, Australia has already identified more than 340 and is still making inquiries to expose the remainder.
Legal,Regulation,Tax & Compliance
04/04/2017
UK wealth managers refused FCA opt out from Mifid taping rule
It confirmed the same flexibility would not stretch to larger regulated investment firms.
04/04/2017
Valartis Group divests minority participation in Algeria
The 2016 Valartis Group consolidated financial statements, in accordance with International Financial Reporting Standards
04/04/2017
Finma Says Money-Laundering Cases Rise
The biggest case keeping Finma occupied last year? Undoubtedly 1MDB, a billion-dollar corruption scheme originating in Malaysia.
04/04/2017
Trump favours modest tax changes, says Blackstone president
He does not think the proposals for eliminating the tax deductibility of corporate debt which would increase the private equity industry's tax bill will make the cut.
04/04/2017
Regtech: Disrupting Client Engagement
This shared theme of disruption is key, as Regtech solutions should aim to do more than simply digitise existing manual compliance processes
04/03/2017
German Authorities Launch Investigation Against Jacob Safra
The investigation into the claim by the state attorney of Cologne came in connection with the compensation probe filed by Erwin Mueller
04/03/2017
Law firm at heart of Panama Papers now a shadow of its former self
Panamanian prosecutors are investigating the Panama Papers, although no one has been convicted yet.
04/03/2017
India steps up black money hunt; seeks Swiss details of over 10 persons
Under its local rules, Switzerland provides a final chance to the concerned persons and entities before sharing the information about suspected cases of tax crimes with any foreign jurisdiction.
04/03/2017
Credit Suisse is touting zero tolerance on tax evasion in newspaper ads after office raids
None of the assets seized came from Credit Suisse.
04/03/2017
Do Swiss banks, teachers and Geneva have an image problem?
Are teachers in Swiss schools too Swiss?
04/03/2017
Banks Snubbing Belgian Diamond Trade: AWDC
The banks’ rationale is that the diamond trade carries a high risk, the AWDC said.
04/03/2017
HSBC’s new compliance rules require clients to provide more account information
Increased information disclosure is part of bank’s rigorous compliance plan to meet enhanced anti-money-laundering requirements in the US and Europe
04/03/2017
CIBC Bid For PrivateBancorp: A Very Bad Deal For CIBC Shareholders
Canadian Imperial Bank of Commerce is correctly valued by the market (its intrinsic vale is equal to its market value).
04/03/2017
Vistra Expands Footprint in Germany
With the acquisition we hope to bridge the gap currently seen in terms of available service providers in the International Expansion market.
04/03/2017
FCA study prompts OMGI to overhaul 'Cirilium' fees
The change illustrates the pressure on asset managers to become more open around fees.
04/02/2017
Panama Papers around the world: What we know a year later
In the immediate aftermath, Iceland's prime minister was forced to resign after the leak showed his family sheltered assets offshore.
04/02/2017
Bankrupt O’Reilly sells off Bahamas haven for €12m
The house sold in recent weeks for $12.5m on the instructions of his bankruptcy trustee.
04/02/2017
Panama Papers boost tax battle, but no silver bullet
The leaking of the more than 11 million documents belonging to Panamanian law firm Mossack Fonseca kickstarted fresh government action against the secretive world of tax fraud and evasion
03/31/2017
Linklaters signs up with Obelisk to access flexible lawyer pool
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