09/03/2019
China P2P crackdown ensnares billionaire property tycoon
Zendai Group founder Dai Zhikang surrenders to police after collapse of lending unit
Legal,Regulation,Tax & Compliance
09/03/2019
US expats may see accounts frozen under Fatca
If they don’t give their tax identification number to the IRS by December
09/03/2019
Money and private currencies: reflections on Libra
Speech by Yves Mersch, Member of the Executive Board of the ECB, at the ESCB Legal Conference, Frankfurt am Main
09/03/2019
Swiss Financial Regulators Approves Bitcoin Banks operations with stringent guidelines
One of the challenges of organizations in the cryptographic money industry is finding a bank that consents to work with them and associate them with the conventional fiat financial process.
09/03/2019
Length of UK Prison Terms for Money Launderers at Record High in 2018: Report
The Sentencing Council guidelines have been tougher in part because of their emphasis on the impact that financial crimes have on victims, including any related distress, inconvenience or monetary loss.
09/03/2019
Spear’s 2019 top tax advisers unveiled — ‘The UK is a less welcoming place for HNWs’
‘The Revenue are being as belligerent as they’ve ever been,’ says Victor Dauppe, a new addition to our top ten tax accountants.
09/03/2019
The Largest SEC Whistleblower Awards (2012-2019)
Since its inception, the SEC’s whistleblower program has led to over $2 billion in monetary sanctions against wrongdoers.
09/02/2019
Enhancing Jersey's Philantrophic Wealth Structures
Jersey is a stable, tax neutral jurisdiction with a highly regarded regulatory regime, flexible and innovative legislation and experienced professionals making it an ideal jurisdiction for both charitable and philanthropic structures.
08/30/2019
Major hoard of '£5m' Norman coins are early example of tax avoidance, British Museum says
The coins are likely to have been buried by a wealthy landowner in the years following the Battle of Hastings.
08/30/2019
Corporate income taxation in the digital age: Africa in the Corporate Tax Haven Index 2019
The paper focuses on the nine African jurisdictions covered in the Corporate Tax Haven Index of 2019: Botswana, Gambia, Ghana, Kenya, Liberia, Mauritius, Tanzania, the Seychelles and South Africa.
08/30/2019
Thousands of charities to be hit with a new layer of anti-money laundering regulation
There are various rights of access to data, including anyone demonstrating they have a legitimate interest in accessing it.
08/30/2019
Finma adds 19 firms to warning list
The latest companies to offer insufficient or falsified information to the regulator.
08/29/2019
Former HSBC banker cleared in €1.6bn tax fraud case
The investigation has seen HSBC pay out €300m to resolve allegations, while Elmaleh's former boss, the Swiss bank's chief executive, pleaded guilty to similar charges and being handed a fine of €0.5m.
08/29/2019
What should the top priority for companies with offshore entities be right now?
This is why we encourage our clients to ensure that they are fully compliant with the new substance requirements before taking any next steps.
08/29/2019
SEC obtains emergency asset freeze and charges hedge fund CEO with USD100m fraud
The complaint alleges that Smith, and the entities she controls, also disseminated false statements touting positive returns and most recently fabricated documents in an attempt to inflate Broad Reach's assets and lull her investors into believing th
08/28/2019
Can a wealth tax bridge Germany's divide between rich and poor?
Germany's Social Democrats are calling for nationwide wealth tax. Why is the idea gaining momentum, and is it the answer to bridging the growing gap between rich and poor?
08/28/2019
Fake-branded bars slip dirty gold into world markets
Fake gold bars - blocks of cheaper metal plated with gold - are relatively common in the gold industry and often easy to detect.
08/28/2019
A Bitcoin first? Stewarts obtains asset preservation order over cryptocurrency
Using the services of Chainalysis (a blockchain investigations firm), it was quickly established that 80 Bitcoin had been sent to a wallet held at Coinbase UK Ltd, the UK arm of San Francisco-based Coinbase, one of the world’s leading cryptocurrency
08/27/2019
British citizens born in US risk having UK bank accounts frozen
Britons who left US as children being chased by their banks for a US tax ID they do not have
08/27/2019
Finma lays out new AML guidelines for blockchain
It also said that its standards are stricter than those laid out in June by the Financial Action Task Force.