11/28/2019
Bermuda Monetary Authority Forms View on Cannabis Related Risk
The Notice outlines the BMA’s favourable view towards such licencing.
Legal,Regulation,Tax & Compliance
11/28/2019
HMRC could face legal battle with outgoing Rangers chairman
Tax bill for football club’s use of employee benefit trusts might be overestimated by £50m
11/28/2019
Groundbreaking work to assess real-world sustainability impact for investors
The Paris Agreement and UN Sustainable Development Goals (SDGs) have ramped up investor awareness about global sustainability challenges, with investors increasingly thinking about sustainability impact, such as decarbonisation targets.
11/28/2019
'Blue finance': World Bank and Credit Suisse partner for sustainable water bond
Swiss finance giant credit Suisse has partnered with The World Bank to issue a $28.6m (£22.2m) bond aimed at financing the protection and restoration of fresh and saltwater resources and habitats.
11/28/2019
Swiss revamp antiquated money laundering, terrorism finance report system
Switzerland, the world’s largest repository for offshore wealth
11/27/2019
International community has achieved unprecedented success fighting offshore tax evasion
At the heart of this shift are thousands of bilateral exchange relationships now in place
11/27/2019
How to Improve Your AML Compliance and Prevent Money Laundering
If your firm operates across many offices and different jurisdictions, there is a danger that the processes will become disparate.
11/27/2019
How businesses can adapt to increasing compliance demands
Our research shows – unsurprisingly – that company secretary duties are predicted to increase across the world as compliance demands on multinationals continue to grow.
11/27/2019
US FATCA crackdown pushing demand for tax advice
The FATCA international tax code was designed to stop Americans stashing money abroad to evade tax.
11/26/2019
Switzerland pushes for more financial transparency
The Swiss parliament is likely to examine the proposal for the first time in the 2020 spring session.
11/26/2019
Swiss bankers fined over 1MDB dealings
1MDB is at the centre of money laundering probes in at least six countries, including the United States, Switzerland and Singapore.
11/26/2019
‘Priceless’ Jewelry, Artifacts Stolen From German Museum
The stolen jewelry is “unique in Europe,” said Dirk Syndram, the director of the Grunes Gewolbe.
11/26/2019
Rothschild Aided Czech Billionaire in ‘Fraud,’ Hedge Fund Claims
Rothschild helped Vitek quietly take control of Luxembourg-based Orco Property Group so the billionaire could strip it of its most valuable assets
11/26/2019
Switzerland pushes for more financial transparency
The Swiss parliament is likely to examine the proposal for the first time in the 2020 spring session.
11/25/2019
Much awaited Hong Kong Court of Final Appeal decision on anti-Bartlett clauses handed down
This is our initial take on the decision with more detailed analysis to come over the next few days.
11/25/2019
Executive director of the Queen’s bank Coutts denies it was an ‘old boys’ club’
Central London Employment Tribunal was told that female staff earn more than a quarter less than men on average.
11/25/2019
IFA jailed for nicking £600k from own family
A Derbyshire-based financial adviser has been jailed for over six years after being found guilty of stealing more than £600,000 from his own family.
11/25/2019
London broker pleads guilty to conspiring to evade FATCA
FATCA demands foreign financial institutions must make an annual report to the IRS that disclose the details of any accounts controlled by US taxpayers.
11/25/2019
Finma adds three firms to warning list
The latest companies to provide insufficient or false information to the regulator.
11/22/2019
200,000 Brits in for a £3 billion Swiss bank share-out?
The cash is owed by Swiss financial institutions like UBS and Credit Suisse to anyone who invested money through them and did not receive the commission fees paid on the deal.