02/04/2020
After MAS launched VCC framework, it has been running a pilot programme for selected Permissible Fund Managers who wished to register a new investment fund as VCC or re-domicile a foreign corporate entity as a VCC.
02/04/2020
Reasonable suspicion of money laundering in Enemalta deal
02/04/2020
He is alleged to have created a complex scheme using fake documents to fraudulently claim tax relief on share dividends in Denmark.
02/04/2020
This is despite the fact that Portugal is tweaking its non-habitual residency regime – previously representing a 10-year tax amnesty for pensioners – so that subscribers pay a minimal tax on the income from their pensions.
02/04/2020
Per the Italian law, the companies involved can be held responsible for the actions of their employees.
02/03/2020
The safe harbor proposal came as a surprise and many stakeholders have understood it to mean that the new allocation rules would be optional for companies.
02/03/2020
Alice Bell of Pinsent Masons said firms need to go beyond boilerplate compliance manuals and documentation to meet the FCA's requirements on governance.
01/31/2020
Prosecutors have looked in to whether Sofia committed fraud by applying higher-than-average fees to 117 clients
01/30/2020
Russell, who also heads up the trusts and private wealth practice in Guernsey, was shortlisted for the 2020 award alongside nine other private wealth lawyers from Guernsey, Jersey and the Isle of Man.
01/30/2020
The regulations require ‘intermediaries’ and, in some circumstances, taxpayers to report details of cross-border arrangements to HMRC
01/29/2020
Prevention of Money Laundering and Terrorist Financing: Identity of beneficial owners
Professionals should keep records of all actions taken to identify the UBOs under point (i), (ii) or (iii) and they should be ready, when requested, to justify the measures they have taken.
01/29/2020
The UK will also no longer be covered by trade deals between the EU and third countries unless these agreements have already been rolled over or new deals have been made.
01/29/2020
A technical consultation launched this month, which said: “Charitable trusts are not in scope to register because the risk of these kinds of trusts being used for money laundering or terrorist financing activity is low”.
01/28/2020
The office will be merged into WH Ireland's London headquarters with its four-strong team locked in negotiations about their futures.
01/28/2020
As FOI shows number of raids fell by 23% last year but ‘interpreting the data is not straightforward’
01/27/2020
“When my life hit rock bottom, that safety net, threadbare though it had become, was there to break the fall,” she wrote.
01/27/2020
Tax Agencies Step Up Efforts to Hone in on Crypto Tax Evasion
The era-defining financial scandal shone a light on a controversial characteristic of international finance that would soon spell trouble for cryptocurrency investors and businesses the world over: anonymity.
01/27/2020
Mr Wheatley said: “Representing the island and this financial community for the past five years has been among the most rewarding and enjoyable periods of my career.”
01/27/2020
“We caught it, reported it ourselves to regulators and the affected clients, dealt appropriately with the individuals, and made improvements to avoid something similar happening again.”
01/27/2020
The lawsuit has accused district of plotting to sell valuable property under value