12/17/2019
Richest Hong Kong Family Asks Government to Help City Hotels
Kwok was speaking at the launch of Alva Hotel by Royal
Legal,Regulation,Tax & Compliance
12/17/2019
ESAs publish joint guidelines on AML/CFT cooperation and information exchange under MLD4
The Guidelines also include provisions to structure supervisory cooperation in situations where the conditions for setting up an AML/CFT college are not met.
12/17/2019
CSSF guidance on persons involved in AML/CFT for Luxembourg regulated funds and investment fund managers
This article of the law requires the appointment of two AML/CFT functions
12/17/2019
The £4bn OneCoin scam: how crypto-queen Dr Ruja Ignatova duped ordinary people out of billions — then went missing
She was the glitzy business guru who wooed a million people worldwide to invest in the “new bitcoin”.
12/16/2019
Smith & Williamson delivers positive first half performance
The first six months of the financial year have seen strong revenue growth across most of our business lines, accompanied by further strategic investment in our core systems.
12/16/2019
Oligarch defends castle against Russia
The owner of a £5m Perthshire mansion claims efforts to seize his assets are ‘abusive’
12/16/2019
Tax fraudsters to pay £20m over fake eco-investments
The taxman expects the men may have to cash in pensions and sell properties in both the UK and Dubai to settle the tax bills.
12/16/2019
The growing buzz around cannabis investment… and the unintended consequences
For Guernsey companies in particular, these developments present exciting new opportunities.
12/16/2019
Awkward questions
Tax: a mulled whine?
12/16/2019
Alan Shearer scores £100k payout from 'negligent' pension adviser
Former England and Newcastle football star Alan Shearer has scored a £100,000 pay out after a court ruled that his financial adviser had given him ‘negligent’ pensions advice.
12/15/2019
UK banks accused of being 'involved in multi-billion pound Russian money-laundering scam'
The documents detail around 70,000 transactions, including 1,920 totalling nearly £600 million that went through UK banks and 373 through US banks, the newspaper said.
12/13/2019
Jailed banker’s wife who spent £16m in Harrods attempts to overturn ‘McMafia’ wealth order
But Ms Hajiyeva, 56, is to argue her husband’s conviction – which she says was “the central feature” of the National Crime Agency’s application for the unexplained wealth order (UWO) – followed a “grossly unfair t
12/13/2019
Art Dealer Wins Dismissal Of Charges In Fight With Russian Oligarch
Rybolovlev is still pursuing legal action against Bouvier in several other jurisdictions.
12/12/2019
Wealth taxation on the rich is a good idea
Most of us do not have to worry about these taxes.
12/12/2019
UBS Reveals Client Overcharging Claims in Asia
Despite the regulatory worries, Asia continues to be a primary growth driver for the bank, as evidenced by the latest figures.
12/12/2019
Big Data is Transforming Investigations
nstead of examining trades occurring around the time of price movements in specific securities, the Commission identifies groups of individuals trading in a correlated manner.
12/12/2019
FATF Executive Secretary David Lewis on preventing money laundering
As a task force with a global network of over 200 jurisdictions, the FATF enables a coordinated response to a global problem and it promotes partnership between the public and private sectors.
12/12/2019
CAYLUX Fund Finance briefing
In this briefing we summarise why they are used and explain one way in which investment managers are using Cayman and Luxembourg fund vehicles together.
12/12/2019
Art Forgery Is Easier Than Ever, and It's a Great Way to Launder Money
More and more rich people are buying art and stashing it in strange places. According to infamous scammers, it's not even close to legit.
12/12/2019
Channel Islands: Year in Review
Global macro-economic uncertainty, regional political disruptions, economic substance rules, beneficial ownership registers, regulatory fines and that’s not the half of it!