03/21/2022
Switzerland's adoption of the EU's sanctions against Russia ensnared around 870 individuals and 62 companies, but there are wider implications for those holding Russian passports or maintaining a residence in Russia.
03/21/2022
How to improve the EU’s AML Package on beneficial ownership registration
This report contains the Tax Justice Network’s proposed amendments to improve the EU’s draft Anti-Money Laundering (AML) Package with regard to beneficial ownership registration.
03/21/2022
Qealth manager banned for fraud
Was found to have transferred clients’ money to his personal account.
03/20/2022
SARS intends to go after ‘unexplained wealth’, and has proposed that all provisional taxpayers with assets above R50 million be required to declare specific assets and liabilities at market values in their 20203 returns.
03/20/2022
That responsibility ultimately lies with governments, she said, but firms operating these programs like Henley & Partners should be obliged to follow anti-corruption and anti-money laundering laws.
03/18/2022
The agreement will apply as from 1 January 2023
03/18/2022
(Not so) Unexplained Wealth Orders
This new provision to allow UWOs to be made against person who don’t actually hold the property is designed to prevent people hiding behind complex corporate structures.
03/18/2022
The newly released commentary on the GloBE model rules indicates that the implementation of the new rules “is envisaged by 2023.”
03/18/2022
he orders took effect on Wednesday (Mar 16) after Loh was convicted of cheating and forgery offences, and using the benefits of his criminal conduct.
03/17/2022
The Isle of Man’s Minister for Enterprise, Dr. Alex Allinson, told the BBC on Tuesday that deregistering a ship means it cannot legally take to the sea.
03/17/2022
The BoE had no choice but to keep raising rates.
03/16/2022
The UK government is discussing whether to place refugees in the mansions of wealthy Russians, effectively confiscating them.
03/15/2022
Melnichenko who resides in St. Moritz, Switzerland, joined 13 other Russian oligarchs on the EU sanctions list.
03/14/2022
Chelsea were not told about the sanctions or the terms of the licence before they were implemented.
03/13/2022
Due to the increasing volume of designations and their immediate effect in Jersey, we will now be flagging their source to Industry as soon as we become aware via our website and shared on our social media channels.
03/13/2022
We highlight the growing considerations of company directors having business operations, directly or indirectly in Eastern Europe.
03/13/2022
Major index providers have taken steps to remove Russian securities from their equity and bond indices.
03/11/2022
In recent years, it has hosted and supported the development of digital financial instruments and set up an innovation hub network across the globe.
03/11/2022
Since then, the international media has been reporting extensively on the data, accusing Switzerland's second-largest bank of maintaining client relationships with criminals and corrupt government heads for decades.
03/11/2022
In order not to have to penalize its cherished customers as a result of breaching this threshold, the bank has opted to keep the maximum amount held in clients' accounts at 10,000 Swiss francs ($10,800).