11/12/2020
Who can benefit from Malta’s Fiscal Units which consolidate income tax?
The new legislation allows for this by giving companies the right to form Fiscal Units.
Legal,Regulation,Tax & Compliance
11/12/2020
Information Notice has brought clarity to industry's questions over investment into cannabis assets by Guernsey structures
The position taken by the States of Guernsey in relation to cannabis investment follows the approval by the Assembly in June 2019 that businesses can grow and process cannabis in Guernsey for medicinal uses.
11/12/2020
Are you preparing your first annual compliance statement?
It is time for trustees to send a first notification to the Competition and Markets Authority that they are complying with its investment consultancy and fiduciary management services order
11/11/2020
FCA commences High Court proceedings over unauthorised collective investment schemes
Mr Forster has given undertakings to the Court which have the effect of freezing his assets worldwide, pending judgment.
11/11/2020
International automatic exchange of information in tax matters: Federal Council brings Act and Ordinance into force
Parliament had already approved the amendments to the AEIOA on 19 June 2020.
11/11/2020
FINMA publishes 2020 Risk Monitor
The year 2020 was clearly marked by the corona pandemic, which had a noticeable impact on the risk landscape in the financial industry.
11/11/2020
FCA prohibitions highlight increasing focus on non-financial misconduct
These Final Notices confirm a trend we identified in our recent Top 10 Global Trends Regarding Investigations Involving Individuals: an increasing focus on non-financial misconduct.
11/11/2020
Film star’s widow faces £21m fine over alleged Spain tax fraud
‘It’s an important reminder that tax problems don’t die with you’
11/11/2020
Financial Regulation Update
FCA Primary Market Bulletin No 31
11/10/2020
A shock is in store for international divorcing couples
Explain why this is the case
11/10/2020
HNWs increasingly making £1m+ charitable gifts in Wills
There is currently an estimated £10.1 billion funding shortfall within the charity sector due to Covid-19.
11/10/2020
FBI Arrests Head of Wealth Management Firm for Fraud
Terrence Chalk, aka Dr. Cash, allegedly hid his criminal past to defraud investors out of more than $4 million.
11/10/2020
Raiffeisen is turning its back on the bankers association
As part of the development of the group strategy, Raiffeisen therefore critically examined its role in helping to shape the political framework.
11/10/2020
The export of artworks from Italy is made easier at last
Even though Italy still has one of the most stringent laws on the protection of national cultural heritage, such reform pushed it one step further towards the global art market.
11/10/2020
Julius Baer reaches agreement to resolve FIFA matter in the US
Julius Baer has reached an agreement in principle with the U.S. Department of Justice to settle an investigation in the FIFA matter.
11/10/2020
Raiffeisen to exit Swiss bankers association
The bank said that it wants to strengthen its commitment to Swiss private clients and small and medium enterprises.
11/10/2020
The Covid-19 Balancing Act for Regulated Businesses in Jersey and Guernsey Covid-19 is here to stay, and with it a change in the way that we work.
Whether or not this has fully sunk in, the Channel Islands regulators and international standards setters have certainly grasped it.
11/10/2020
Almost half of all FCA scam warnings are impersonations of real brands, Quilter finds
There is no legally enforceable system for compelling search engines and social media platforms to remove fake websites and fake adverts which use the ‘clone’ of a financial services firm.
11/10/2020
Spain to increase income and wealth tax
‘This will push UHNW retirees and investors to look at other more favourable jurisdictions’
11/10/2020
Carey Olsen advises VinaCapital
The Carey Olsen team advising VinaCapital on all Guernsey aspects of its migration was led by corporate partner Ben Morgan and senior associate Gemma Campbell.