11/20/2019
AUSTRAC Commences Legal Action Against Westpac for AML Breaches
These AML/CTF laws are in place to protect Australia’s financial system
Legal,Regulation,Tax & Compliance
11/19/2019
The Launch of the Legal Statement on the Status of Cryptoassets and Smart Contracts by Sir Geoffrey Vos, Chancellor of the High Court
There is an endless spectrum of types of cryptoasset and cryptocurrencies, many of which already are or certainly will be designed for use as wholesale and retail payment mechanisms.
11/19/2019
JPMAM and UBS launch genetic therapies fund
Genetic therapies could develop into a profoundly disruptive technology for the pharmaceutical and biotechnology industry.
11/19/2019
Bankrupt Ex-Billionaire Sam Wyly Settles A $1.3 Billion Tax Bill—For Just $500 Million
Wyly wants to be known for building the arts-and-crafts chain Michael’s and several other companies, which first catapulted him onto Forbes’ list of the richest Americans in 2000, with a net worth of $750 million.
11/19/2019
Walkers Advises On $1 Billion Facility For Rusal
Walkers' specialist Banking & Finance team in Jersey continues to develop and grow – Jon and fellow senior counsel Tristan Maultby both joined the firm this year from competitor firms.
11/18/2019
UBS fined $8.2 million by Singapore for misconduct by advisers
The enforcement action followed UBS’ reporting of the misconduct to MAS, and MAS’ subsequent investigations.
11/18/2019
Investment Association updates Principles of Remuneration for 2020
The updated principles recommend that remuneration committees be given discretion to cap vesting at a specific monetary value.
11/18/2019
Switzerland: Tax ordinances, implementing tax reform measures for 2020
The Federal Council this week approved three ordinances that will be effective 1 January 2020.
11/18/2019
Elizabeth Warren takes risk with ad blasting billionaires
After he speaks, a note appears on screen -- "charged with insider trading."
11/18/2019
Priorities of the new European Commission for Sustainability and green Finance by Valdis Dombrovskis
There are significant broader issues to tackle as well, both in Europe and globally.
11/18/2019
BEPS Action 13: Latest country implementation update
Updated weekly, this summary report in table format offers a snapshot of implementation of country-by-country reporting and Master file / Local file documentation requirements around the world.
11/18/2019
Global Forum on tax transparency reveals compliance ratings for further eight jurisdictions
These jurisdictions have demonstrated progress on the deficiencies identified in the first round of reviews, including improving access to information, developing broader EOI agreement networks, monitoring the handling of increasing incoming EOI requests.
11/18/2019
Global Debt Approaches $255 Trillion As ”Plan A Has Failed”
In fact, the global debt will reach around $255 trillion by the end of 2019.
11/18/2019
Competition Authority probes FNZ / GBST merger
This date is the current statutory deadline by when the decision will be announced.
11/18/2019
FNZ / GBST merger inquiry
The CMA is investigating the completed acquisition of GBST Holdings Limited by FNZ (Australia) Bidco Pty Ltd.
11/15/2019
HNWIs fear tax rises
The first is a survey from Saunderson House which reveals that high net worth investors are most concerned about an increase in taxes
11/15/2019
Richard Laignel takes home gold at the Citywealth Future Leaders Awards
Richard was recently promoted to Managing Associate.
11/14/2019
Libya State Fund Sues Credit Suisse
At the time, LIA demand to see documents in connection with the businessman and four banks, among them Credit Suisse.
11/14/2019
Strong endorsements for Carey Olsen's Bermuda, BVI and Cayman Islands practices in Legal 500
A leading directory for the legal industry, Legal 500 grades law firms following a thorough and independent research process, which includes interviews with clients and peers as well as information provided by the firms themselves.
11/14/2019
Hedge Funds in South Africa Bet on New Rules to Stem Outflows
“This is the next evolution of where we are going,” said Hayden Reinders, the chairman of the Association for Savings and Investments South Africa’s hedge funds standing committee. “We want to create awareness that a hedge fund is