12/04/2020
At its recently concluded October plenary, the FATF adopted language into its standards that now requires countries – as well as private sector actors – to understand and assess their PF risk, and tailor their counter efforts accordingly.
12/04/2020
Along the three key thrusts "innovative", "interconnected" and "sustainable", the Federal Council has defined concrete areas of action for a future-proof Swiss financial centre.
12/04/2020
The issue was first identified by the National Audit Office (NAO), which highlighted it in September.
12/04/2020
Outgoing chairman Jay Clayton calls for change to share economic benefits more equally
12/03/2020
The recommendations made to the G20 reflect a growing trend at an international level to enhance transparency in beneficial ownership.
12/03/2020
Based on existing guidance and external advice, Quilter said it was now treating its MPS as VAT exempt.
12/03/2020
Ardan International, an Isle of Man-headquartered wealth management provider, has adopted Financial Risk Solutions (FRS) technology for its newly launched tier-one wealth management platform.
12/02/2020
Despite the ongoing headline litany of data breaches and security compromises, there’s still a misconception that compliance is no more than a necessary evil.
12/02/2020
The Stephenson Harwood team was led by partner Alex Haynes, who was supported by senior associate Carolyn Hall and associate Daniel Whalen.
12/02/2020
HMRC targets individuals in latest offshore undeclared tax drive, says accountants Mercer & Hole
But this time around it is being more direct suggesting that it has information that could result in criminal offences or prosecution for individuals if they do not act.
12/02/2020
The agreement was signed by the US IRS’s Douglas O’Donnell and Monaco’s Minister of Finance and Economy, Jean Castellini.
12/02/2020
Blown the budget on a Ferrari? Bad news… it’s just a car
The trade mark Testarossa is registered in the EU for a broad specification of goods, covering motor cars and motor car parts.
12/02/2020
Finma adds Zug family office to warning list
Companies are added to the warning list by Finma because they have either not provided sufficient evidence to the regulator, or the evidence that they have provided is false.
12/02/2020
From the very beginning of a proposed transaction, both buyers and targets must consider which covenants should be added to protect the target’s goodwill and its other intangible assets.
12/01/2020
The timely measures pursued by the Committee at the start of the pandemic and the GHOS's agreement to revise the implementation timeline for outstanding Basel III standards added to the unprecedented range of fiscal and monetary support measures that
12/01/2020
EU market participants will be able to use benchmarks administered in a country outside the EU until the end of 2023.
12/01/2020
The Federal Council had decided in 2015 to adopt the new standard and initiate its implementation.
12/01/2020
Several British banks have confirmed that the accounts of investment or wealth management customers in France will close before 2021
12/01/2020
Companies listed on the Nasdaq Global Select Market and Nasdaq Global Market will be expected to have two diverse directors within four years of the SEC’s approval of the listing rule.
12/01/2020
While this still remains the case, there’s also been a shift due to the pandemic.