07/01/2020
The Common Reporting Standard requires countries and jurisdictions to exchange financial account information from non-residents obtained from their financial institutions automatically on an annual basis
07/01/2020
This followed FIFA’s adoption, in April 2020, of a document (“Covid-19 Football Regulatory Issues”) authorizing its member associations to extend the season beyond June 30, 2020.
07/01/2020
The JFSC had previously applied a similar proportionate and light-touch approach to very private structures
06/30/2020
These new examinations will be accompanied by a new IRS perspective as to how to effectively, and completely, examine high-net-worth individuals.
06/30/2020
16 billion yuan ($2.3 billion) of outstanding loans are being backed by 83 tons of allegedly fake gold bars.
06/30/2020
The European Commission (EC) has noted that a globally interconnected financial system has contributed to the ability of criminals, money launderers and terrorists to hide and move funds around the world.
06/30/2020
The Divorce, Dissolution and Separation Bill (commonly referred as the no-fault divorce bill) has passed its third reading in the House of Commons and will next be considered by the House of Lords.
06/30/2020
These considerations provide useful guidance to market participants in assessing the nature of their exposure to tough legacy contracts
06/29/2020
Given the impact of coronavirus (Covid-19), we have introduced some temporary measures for firms submitting regulatory returns.
06/29/2020
The announcement comes as China seeks to impose a new national security law on Hong Kong, and only two days before the 23rd anniversary of the territory’s return to Chinese rule.
06/28/2020
Bermuda has begun to gradually re-open the Island.
06/26/2020
In view also of the global challenges, further efforts must be made to safeguard and further expand the interests and competitiveness of the Swiss financial centre internationally.
06/26/2020
The cross-border Ogier team was led by Jersey-based partners Matthew Shaxson and Niamh Lalor
06/25/2020
Offshore holding companies forming part of a private wealth structure have typically been unregulated.
06/25/2020
The business has total funds under management of £1.0 billion (as of 31 May 2020). T
06/25/2020
The rules recognise that certain private funds do not prepare marketing materials, and do not require them to do so.
06/25/2020
It comes amid claims that Paris is an international centre for trade in illegal artefacts.
06/25/2020
Chief executive Brian Raven said the firm is facing ‘no further’ FOS complaints, but two former clients are currently taking legal action.
06/25/2020
Given Monaco’s high concentration of wealth (one in every three people is a millionaire and the place attracts hundreds of billionaires), it’s surprising it doesn’t have much of a financial center – like the comparably small Lichte
06/25/2020
A number of bank issuers have already started to make the proactive step to transferring their older legacy deals that will cross over into 2021 to alternative rates.