05/04/2016
Separating fact from tax-haven fiction
The onus is now very much on us and the firms that Bermuda hosts to ramp up our international lobbying and public relations efforts.
Legal,Regulation,Tax & Compliance
05/03/2016
Iceland’s First Lady Linked to Tax Havens, Documents Reveal
Previously unreported papers—part of a leak from HSBC’s private bank in Geneva—known as the Swiss Leaks reportedly show how Moussaieff had links to offshore companies and to trusts registered outside the UK.
05/03/2016
DLA Piper doubles City promotions amid 48-strong round
DLA Piper has announced that 48 lawyers have been promoted to its partnership. The promotions are effective as of 1 January 2016 in the United States and 1 May 2016 for EMEA and Asia Pacific. The promotions were made across a wide spectrum of practice are
05/03/2016
Barclays France Faces Money Laundering Accusation
Barclays last week said it had entered into exclusive talks with AnaCap Financial Partners over the sale of its French retail banking operations
05/02/2016
Let the world know Bermuda is no tax haven
If the process is legal, why are we labelled a tax haven?
05/02/2016
Standard Chartered Said To Probe Banker Expenses
Standard Chartered PLC has been conducting a probe into its bankers’ conduct, including cases of padding expense reports and improperly lending money to colleagues
05/02/2016
Panama Papers create a golden opportunity for UK fund houses
Onshore might be about to become de rigueur, and the UK stacks up rather well, says Andrew McNally
04/29/2016
South Africa Voluntary Disclosure Programme - Deloitte
From 1 October 2016 a special Voluntary Disclosure Facility will open which will allow natural persons, corporates and close companies, which are resident in South Africa, to disclose previously undisclosed foreign assets and income to regularise their t
04/29/2016
Swiss Regulator Probes Coutts in International Investigation
Switzerland has attracted unprecedented scrutiny from foreign authorities in recent years
04/29/2016
CMS announces 31 partner and two director promotions globally, alongside key management changes
CMS has added 31 partners across 22 offices globally, in addition to two director appointments in Scotland. Women represent over 39% of the firm’s promotions, spread across a number of practice areas and jurisdictions
04/29/2016
Significant UK tax transparency changes - Deloitte
Offshore Tax Bulletin
04/28/2016
What happens in Panama stays in Panama? A short review of the law of confidence by Nigel Adams
The law of confidence exists in English law to protect confidential information from publication and/or other unauthorised use.
04/28/2016
Ex-BSI Singapore banker involved in 1MDB probe faces additional charges
The prosecution alleges that former private wealth banker Yeo Jiawei played a significant role in moving large amounts of money.
04/28/2016
Hatstone News
This newsletter brings news from our three offices in Jersey, Panama and South Africa and announces our new office.
04/27/2016
Swiss Private Banks Target Overseas Growth As Uniqueness Vanishes
A global clampdown on tax evasion, led by US law authorities, means a Swiss account is no longer such an easy place to hide ill-gotten gains.
04/27/2016
The Benefits of a Swiss Holding Company - Dixcart
There are many reasons why Switzerland is a favoured location for international business.
04/26/2016
'Fugitive' wealth manager reassures investors
The case is the latest involving alleged financial fraud to emerge in China as the economy slows, sometimes leaving investment firms struggling to pay out promised returns.
04/26/2016
Appleby acts on landmark Seychelles environmental deal
The landmark agreement triggers a US$31 million funding package that will benefit critical marine conversation work in Seychelles.
04/25/2016
Panama Papers: HSBC chief says only 5% offshore accounts still active
Mossack Fonseca, the law firm at the centre of the Panama Papers leak, had alleged that HSBC had asked for the creation of offshore companies for their clients.
04/22/2016
African Bank Investments' Ex-Directors Rebuff $142 Million Claim
Daniel le Roux, an attorney representing the 10 former directors of Abil, confirmed that court papers were filed on April 15 and declined to comment on his clients’ behalf.