08/24/2016
Worldwide Disclosure Facility for offshore tax evaders effective 5 September
Unlike the LDF and other disclosure schemes, HMRC’s preliminary announcement suggests there will not be favourable terms available for settlement.
Legal,Regulation,Tax & Compliance
08/24/2016
Hong Kong’s Markets Regulator Fines Morgan Stanley $2.4 Million
Under the resolution, the SFC reprimanded and fined MSHK $18.5 million for breaches of the Code of Conduct
08/23/2016
Switzerland and Italy seek better coordination over Europe
Relations between the two nations currently centre on cross-border issues, trade and ties with the European Union.
08/23/2016
Liechtenstein strengthens international tax co-operation
The Convention will enter into force for Liechtenstein on 1 December 2016.
08/23/2016
Exchange Of Information In Switzerland
Tax rulings issued after 31 December 2009 may fall within the scope if suspicion of undue tax savings are found.
08/23/2016
Rethinking Due Diligence and Manager Selection
Most are doing some due diligence, but from what I have seen, it has not been thorough.
08/23/2016
Con doc published on taxation of UK non-doms and IHT for offshore companies holding UK residential property
A further consultation document was published on Friday 19 August 2016 providing more information on the proposed changes to the taxation of non-doms first announced in the Summer Budget 2015.
08/23/2016
Proposed Changes to the Non-Dom Regime from April 2017
This briefing note focuses on the changes that will affect non-domiciled individuals who have been living in the UK for more than 15 years.
08/22/2016
Former Falcon Bank chairman arrested in 1MDB probe
Investigators are looking into alleged fraud related to a Malaysian fund
08/22/2016
Gordon Ramsey’s business partner gets jail time for tax evasion scheme
The fact that you are a wealthy and successful businessman should not exclude you from a custodial sentence.
08/22/2016
Jersey begins sweeping review and revamp of funds regulation - Appleby
In the first step of a radical overhaul and rationalisation programme for Jersey fund regulation, on 1 August 2016 the Jersey Financial Services Commission (JFSC) and the States of Jersey (Government) issued a joint consultation on proposals for substanti
08/22/2016
Too big to fail still too big a problem for banks
The guidance has been drafted based on responses to a consultation which was launched last November.
08/22/2016
Saudi Envoy’s Lost Millions Show Shell Company Risk, Judge Says
The administrator of Mansouri’s estate sought information about the transfers from two London investment firms, Acropolis Capital Partners Ltd. and Acropolis Capital Management Ltd., that refused to provide records.
08/19/2016
Deutsche Bank whistleblower rejects award because SEC 'went easy' on execs
We brought all of the charges supported by the evidence and the law, which were unanimously approved by the Commission.
08/19/2016
Comment: The Truth about Pre-Nups
Pre-Nups are already common in the US and in Europe, and their popularity in Asia is growing.
08/19/2016
Israel’s FIBI Bank Tightens Terms for Diamond Trade
It is not possible for a unilateral decision to be passed without a battle.
08/18/2016
Steve Meiklejohn keynote speech at Jersey Finance's Annual Private Wealth Conference 2016
Steve Meiklejohn, Partner, Ogier, presented a keynote speech at Jersey Finance's Annual Private Wealth Conference on Wednesday 27 April 2016.
08/18/2016
Top tips to mitigate IHT - Tilney Bestinvest Group
Whole-of-life policies differ from many others as they never run out, whereas many of their counter parts are limited to a set time-frame.
08/18/2016
Singapore files more charges, sets trial dates for ex-BSI banker
Malaysian state investment company 1MDB is at the centre of several international investigations into alleged corruption and money laundering by public officials.
08/18/2016
City lawyer who rowed for England 'lifted woman's skirt to slap her bottom and tipped beer over her as he called her an 'Australian slut'
He previously worked for Coutts private bank.