09/24/2019
More beneficial ownership loopholes to plug: circular ownership, fragmented control and companies as parties to the trust
Some countries already provide public online access for free and in open data format.
Legal,Regulation,Tax & Compliance
09/24/2019
Appleby Managing Partner Announced as Inspirational Leader of the Year
‘Faye truly deserves to be the Inspirational Leader of the Year for the 2019 IOM Responsible Business Awards.’
09/24/2019
Global Asset Registries: a game changer for the fight against inequality and illicit financial flows?
The Global Asset Registry could tackle all of these problems by centralising all relevant information about assets owned by individuals.
09/24/2019
Use of digital technologies set to increase tax compliance
The data and examples contained in Tax Administration 2019 show how the availability of new technologies, new data sources, and increasing international cooperation are providing new opportunities for tax administrations
09/24/2019
Remarks by Mark Carney given during the UN Secretary General’s Climate Action Summit 2019
The next step is to make these disclosures mandatory.
09/24/2019
UBS, Banco do Brasil to create investment banking venture in South America
The partnership is expected to provide its clients with comprehensive solutions and would provide additional benefits for its stakeholders.
09/23/2019
Technology and real estate: faster, quicker, more
Data availability is at top of the list for many real estate asset managers, Limited Partners, property managers and CFOs.
09/23/2019
RFU forced to seek outside donations to cover Rugby World Cup costs after budget spiralled to over £3m
It is understood that the RFU tasked former England captain Will Carling, who has been working with the England side as a leadership consultant, with approaching contacts in the City of London in a bid to raise the funds to cover the shortfall for the Wor
09/23/2019
Bringing banks and regulators closer in the fight against financial crime
Compliance with anti-money-laundering and counter-terrorism-financing (AML/CTF) arrangements varies greatly between countries.
09/23/2019
Why Venezuelan money is no longer welcome in Switzerland
Méndez has also contacted other banks, including PostFinance, but none would open an account for him.
09/23/2019
Ex-Credit Suisse Wealth Boss in Security Scrap
The Swiss bank was apparently looking to ensure that Khan didn't poach clients or key staff during the three-month period between leaving Credit Suisse and joining UBS, the Swiss paper reported.
09/22/2019
Boris Johnson wades into beneficial ownership register spat
In a letter to the chief minister of Guernsey
09/20/2019
Improving the suitability of financial advice by Debbie Gupta, FCA
Money Marketing Interactive Conference have put together a great agenda.
09/20/2019
Investment management, succession planning, philanthropy: the diverse functions of the family office
Jersey is also particularly attractive because of the high quality of professional services available in the investment, accounting and legal sectors.
09/20/2019
China drafts bar for net capital of banks' wealth management units
The regulator unveiled in late 2018 long-awaited rules governing commercial banks’ asset management subsidiaries
09/20/2019
US-Switzerland Double Tax Protocol Now In Force
Switzerland said requests for information may be submitted from the date of entry into force of the Protocol, September 20, 2019.
09/20/2019
South Africa: Taking Center Stage: The Rise of Compliance Due Diligence in Africa
From the commentary, it was found that many countries in Africa were considered to have opaque legislative and regulatory frameworks, less predictable legal processes, and less consistent enforcement.
09/19/2019
Second Suspect Arrested in Theft of $6M Golden Toilet
Still unable to locate the stolen toilet, police asked the public to contact officers if they have any information on the heist.
09/19/2019
UBS ordered to pay Credit Suisse $9m in advisor 'raiding' case
Credit Suisse filed the complaint in November 2015, asking for more than $10 million in damages alleging that UBS 'engaged in unfair competition
09/19/2019
The limits of audit: public perceptions and legal realities
These factors were not identified by Grant Thornton when it conducted its audit.