09/09/2016
The HKMA statement underlined the importance of anti-money laundering and counter-terrorism controls, but said that a risk-based approach should be adopted by banks to stop small firms from being effectively excluded from banking services.
09/09/2016
Cleland said that the BoE was working with firms in the Fintech sector to determine where the boundaries will be.
09/08/2016
Queen’s bank is sued over tax avoidance film scheme
If the lawsuit, being co-ordinated by Stewarts Law, is successful it would mean taxpayers having to foot part of the bill because Coutts is owned by Royal Bank of Scotland
09/08/2016
The commission ruled Apple had received favourable tax terms that amounted to state aid – illegal under EU rules.
09/08/2016
Chinese officials often carry out their corrupt practices in discreet ‘members only’ clubs which allow only a handful of members.
09/08/2016
Maldives: How do you launder $1.5 billion?
09/07/2016
The CD related to assets worth 3.5 billion Swiss francs.
09/07/2016
The two men, both 48 years old, blamed each other for the fight at the then-trendy Hollywood nightclub and were both found guilty of the strangely Italian crime of mutual injury.
09/07/2016
Retooling wealth management for the digital age
Wealthy investors are certainly getting more sophisticated in how they analyze their digital interactions
09/07/2016
Tackling the hidden economy – the next big thing? by Andrew Hinsley
HMRC’s proposed measures to tackle the hidden economy are a sensible approach towards levelling the playing field for compliant businesses. Given the hidden economy is the largest single contributor to the tax gap, is HMRC’s resourcing and pub
09/07/2016
Hong Kong regulator bans two ex-HSBC advisers for life
The District Court also found that Chau referred her customers to Chow so that he could obtain more sales commission
09/06/2016
It was the largest legal settlement this year to date, and a harbinger for UBS and Credit Suisse, which are on the hook for the same selling practices.
09/06/2016
This is a significant victory for campaigners and positions the UK as a leading proponent of tax transparency within the international community. However, this decision by ministers is not without risk.
09/05/2016
After being told the company owes $14.5 billion in back taxes, Apple's general counsel says the European Commission has its numbers wrong.
09/05/2016
Financial storm centres on Belvedere Management Ltd, which controlled billions of assets
09/05/2016
The IRS made it quite clear that country-by-country reports will not be shared with any country that poses a threat to confidentiality.
09/05/2016
The timetable is in line with the central bank's statement almost a year ago, when it said it would submit the proposals in 2016.
09/05/2016
The call for a review will come as an amendment to the Government’s finance bill on Monday and follows a series of Herald investigations that revealed how the Scottish-based firms were being used to launder profits from gun-running deals.
09/05/2016
Finnish tax authorities are set to broaden their collecting net on a global scale.
09/05/2016
Cahuzac, who acknowledged evading taxes for two decades, faces up to seven years in prison and a 1 million-euro fine if convicted.