01/06/2020
Recent Amendments to the Regulation of Trust Business in Bermuda
All trustees conducting trust business in Bermuda are required to be licensed by the Bermuda Monetary Authority
Legal,Regulation,Tax & Compliance
01/06/2020
Deloitte partner to pay £125k after losing dismissal challenge
He is represented by Jonathan Cohen QC and Alexander Robson from Littleton Chambers, instructed by Farrer & Co.
01/06/2020
Wealth firm faces restrictions on conflict of interest concerns
Wealth manager Dolfin faces restrictions on how it invests funds deposited by tier one visa clients after it was accused of steering purchases to businesses related to directors.
01/05/2020
Ready or Not, New UK Anti-Money Laundering Regulations Hit UK Art Sector from 10 January 2020
The newRegulations now take effect from 10 January 2020 and have major consequences for art market practices.
01/05/2020
Black money probe: Tax haven trusts come under scanner for Swiss bank accounts
Several individuals who are suspected to have moved abroad after evading taxes back in India are being probed and their banking details are in the process of being shared by the Swiss authorities with their Indian counterparts
01/03/2020
Swiss bank penalized for undisclosed US accounts
The department imposed a total of more than $1.36 billion in Swiss Bank Program penalties.
01/03/2020
Bank of England to set new climate tests for UK banks
Drastic global changes could create damage to property, infrastructure and farmland, disrupt business supply chains and in an extreme case lead to mass migration and death.
01/03/2020
Busted! HMRC reveals biggest criminal cases of year 2019
This year’s list once again shows the lengths some people will go to steal money destined to support important public services.
01/03/2020
Swiss Firm in Panama Papers Charged in Transatlantic Stock Scam
Firm, executives accused of enabling microcap ‘pump-and-dumps’
01/03/2020
UK has one of the worst inheritance tax regimes in the world
Individuals in the UK pay more than double the inheritance tax of the European average.
01/02/2020
7 Rules For Wealth: #1 The Zen Fund
The biggest mistake people make with their money is in how they invest it.
12/31/2019
The Costs of Compliance – Expectations for Bending the Cost Curve
A Financial Crime/AML and Compliance Risk Management Leader and Advisor in Banking and Financial Services for more than four decades
12/31/2019
APAC Wealth Migration Trends Heighten Financial Crime Risk
Hong Kong: a decline in regional dominance?
12/30/2019
Experts warn ‘inconsistent’ laws make luxury goods an easy target for money laundering
“What that means is you’re not actually preventing or changing the crime, you’re just relocating it,” she said.
12/29/2019
Right of Access under GDPR: Draft Guidance from the UK ICO
Key takeaways
12/27/2019
Big Four accountants set aside £162m for fines and legal claims
FRC investigating 30 suspected failed audits as government plans more powerful regulator
12/27/2019
Vatican’s million-euro default case: financiers hit back at ‘intrigue’ claims
With millions in euros in Vatican bank cash at stake in a Maltese court case, lawyers for the Holy See are attempting to prevent Futura Investment Management from disposing of its share in a Hungarian property company
12/24/2019
Probe unearths second spying case at Credit Suisse
The probe was launched following media reports last week that spying at Credit Suisse ran deeper than one case.
12/24/2019
Credit Suisse Again Lays Spy Blame on Former Chief Operating Officer
Bank says Pierre-Olivier Bouée ordered a third party to spy on then executive board member
12/24/2019
IRELAND UPDATE: European Commission consults on an EU framework for markets in crypto-assets
The Commission and European Council have jointly declared that they are “are committed to put in place the framework that will harness the potential opportunities that some crypto-assets may offer”.