03/08/2021
Both plans set out operational and financial resilience as key priorities during a time of turbulence; the regulator has since worked with firms to review their contingency plans and survey their financial stability.
03/08/2021
The reduced rate of 36% applies where the individual leaves at least 10% of their net estate, known as ‘the baseline amount’, to charity.
03/08/2021
If the applicant invested £5m or £10m in the UK, they may qualify for ILR after three years or two years respectively.
03/07/2021
In this briefing we discuss the key considerations for US and other non-EU asset managers
03/07/2021
Tax compliance, proper professional planning and the appropriate use of annual allowances are key to navigate any aggressive changes in tax legislation that may be necessary sooner rather than later,
03/05/2021
Cyprus Tax authorities extend the imposition of penalties for late submission on DAC 6
The Tax Department will not begin imposing administrative fines until 30 June 2021
03/05/2021
Trust company fined $835,000 for opening ‘gateway to possible money laundering’ in Angola
An investment scheme involving tycoon Jean-Claude Bastos de Morais exposed in ICIJ’s Paradise Papers investigation bore “obvious” risks of possible corruption, a Jersey court finds.
03/05/2021
Budget 2021: Non-doms can rest easy for now
The definition of ‘residence’ for the purposes of these rules also differs to that for other UK taxes, which could result in some anomalies.
03/05/2021
UBS Set to Use Money-Launderer Case to Cut $5.4 Billion Penalty
UBS and six bankers have three weeks to win over appeals court
03/05/2021
Credit Suisse Banker Wins Dispute Over Island Home
After years in the courts, a resolution has been reached with regards to a court case between an Australian billionaire and longstanding Credit Suisse board member Kai Nargolwala over a luxury hideaway in Thailand.
03/04/2021
Under the PCPA, councils are required to include climate change policies and to consider climate change guidance in their local plans.
03/04/2021
How will the Luxembourg leaks impact UK offshore crackdown?
‘Clients rightly have an expectation of privacy in the conduct of their financial affairs’
03/04/2021
Cyprus to lift veil of secrecy with register of company owners
Experts predict some companies will shift jurisdiction rather than reveal their beneficial owners.
03/04/2021
Ex-banker Jaime Botin, 84, one of Spain's richest men, lost his appeal against paying the staggering amount, claiming he was taking the £22m artwork to Switzerland for safekeeping
03/03/2021
Many of these organizations may not realize that there are outsourcing solutions specifically tailored to their regulatory compliance needs.
03/03/2021
Examples of disruptions affecting ICT capabilities include, for example, cyber-attacks and other incidents, technological failures, as well as other malicious and non-malicious events.
03/03/2021
Hedge-Fund Manager Pays $105 Million New York Tax Settlement
The agreement over alleged efforts to evade taxes is the largest False Claims Act recovery in the state’s history
03/03/2021
These measures aim to bring international expertise to the emerging asset management industry and capital market in mainland China.
03/03/2021
THE Italian princess at the centre of a £100 million family wealth dispute spanning several jurisdictions has said she is ‘confident’ as she prepares to appeal against a ruling made by a Jersey court.
03/02/2021
Advisers will receive notifications of client reviews around three months before the ATO starts the review process.