Ex-SocGen Bankers Challenge Fines Over Putin Foe’s $700 Million Deposits
Sergei Pugachyov, a former Russian senator, was once a close confidant of Putin and amassed a fortune of more than $1 billion in the 2000s.
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Record French Fine Slashed as Latvian Bank Wins Tax Appeal
The penalty was eclipsed just a year and a half later when the PNF secured a 3.7 billion-euro fine in court against UBS Group AG.
Considerations for making charitable gifts abroad by Withers Worldwide
Before gifting to foreign charities (through checks, credit cards or Venmo), consider that charitable giving outside this country may produce significant tax consequences and present traps for the unwary.
An Asynchronous and Divergent Recovery May Put Financial Stability at Risk
The economic trauma would have been much worse if the global economy had not been supported by the unprecedented policy actions
Mauritius a player in transparency – identifying Ultimate Beneficial Owners
This mandate for transparency in many jurisdictions has changed the game in the financial industry around the world and Mauritius as a responsible player has been no exception.
Malta launches new citizenship by investment programme
It is a member of the EU and offers its citizens visa free travel to over 180 countries.
New watchdog to boost online competition launches
A tough new regulator to help make sure tech giants such as Facebook and Google cannot exploit their market dominance to crowd out competition and stifle innovation online has launched.
Egypt, Japan sign MSME facility agreement worth $100m
New facility aims to boost MSMEs to lead Egypt’s economic growth
International Investors Can Now Apply for Bermuda’s New Residency Certificate
To ease the process for prospective EIC applicants, the Bermuda Business Development Agency (BDA) offers a dedicated and personalized business concierge to act as a single point of contact.
Key trends from the boardroom in 2021
This has been further exacerbated by the impact of the COVID-19 pandemic on the financial system, leading to a push by investors for ESG-focused initiatives and an increased emphasis on a company’s responsibilities towards wider society.
The SFDR – get it right from the start
The SFDR has now become a reality, with EU funds and non-EU AIFs marketed within the EU being obliged, as an initial step, to have updated their prospectuses by 10 March 2021, requiring investment managers to classify their fund product into one of three