11/11/2016
Ex-BSI Banker Pleads Guilty in 1MDB Case
The 57-year-old Yak was the relationship manager for Jho Low, believed to be the mastermind behind 1MDB's financial movements around the world.
Legal,Regulation,Tax & Compliance
11/11/2016
Three banks settle Canadian foreign exchange class-action suit for almost $16M
UBS, BNP-Paribas and Bank of America will pay $16 million and provide info to Canadian investors who lost money on benchmark rigging scandal
11/10/2016
Further charges levied against Lumiere Wealth’s Chris Byrne
Jersey’s Magistrate’s Court heard the charges relate to a multi-million pound investment scheme with links to Jersey, Guernsey, Brazil, and the US.
11/10/2016
Movie Producer Charged With Defrauding Hedge Fund Investors
Wellner previously settled SEC charges filed in federal district court in Florida and has been barred from working in the securities industry.
11/09/2016
Panama Papers' taskforce launches tax evasion investigations
The taskforce has established a Joint Financial Analysis Centre to develop software tools and techniques to analyse the data and intelligence gathered
11/09/2016
Tax unit targeting Britain’s wealthy raises an extra half-billion dollars
The amount comes in addition to any voluntary declarations of taxes made by these taxpayers.
11/09/2016
Encouraging offshore tax compliance – put things right with HMRC or suffer the consequences
HMRC’s latest efforts to clampdown on offshore tax irregularities should be applauded, but will the proposed “Requirement To Correct” treat those at the innocent end of the scale too severely?
11/09/2016
Swiss tax body won’t appeal UBS ruling amid French probe
The court said at least 10,000 accounts were involved.
11/09/2016
Investigations launched into 22 people for suspected tax evasion following government Panama Papers probe
The Chancellor says nine 'potential professional enablers of economic crime' have been identified
11/09/2016
Tanzania, Switzerland Sign MOU To Recover Millions Lost in Offshore Accounts
Between 1982 and 2006, there were 91 client accounts opened by Tanzanian nationals, with one client depositing $20.8 million.
11/09/2016
Taxation: Council agrees criteria for the screening of third country jurisdictions
The Council's code of conduct group for business taxation will conduct and oversee the screening process, supported by the Council's secretariat.
11/09/2016
Tax authorities to gain access to beneficial ownership information
The proposal is one of a number of measures set out by the Commission in July 2016, in the wake of the April 2016 Panama Papers revelations.
11/08/2016
Tax Agreement For Swiss-French Airport
Companies in the Swiss area will pay French income tax and Swiss capital tax.
11/08/2016
Yeo Jiawei Turned Arrogant and Dismissive with Jho Low
Former BSI banker Yeo Jiawei became arrogant and dismissive of his former peers after he left the Swiss bank
11/08/2016
Time for senior managers to roll up their sleeves over UK legal reforms to tax evasion laws - Ogier
Partner Nick Williams says that the new strict liability offence, which targets companies and partnerships that do not have reasonable procedures to stop employees and other people associated with the business from assisting underlying tax evasion
11/08/2016
Firms Increasingly Worried About DOL Fiduciary Rule
LPL had already standardized commissions on variable annuities and alternative investment products
11/07/2016
UAE faces tax haven blacklist threat from G20
Gulf state yet to sign treaty on exchanging information amid fears over illicit flows
11/07/2016
A New, independent law firm has launched in Guernsey
All of the firm’s partners and staff previously worked at other large offshore law firms and have worked together on a cross-disciplinary basis.
11/06/2016
Real Estate Heir Robert Durst Faces Murder Charge in California
Local prosecutors have been eager to bring Durst to California and try him in the killing of his friend Susan Berman in 2000
11/06/2016
British overseas territories fear BULLYING EU will unleash major tax attack
Mr Smith said the British Virgin Islands could play a “positive role” in the relationship with post-Brexit Britain and said he had been part of a “very cordial” meeting with the Foreign Office this week in the face of EU posturing.