06/14/2019
GDPR, SARS, and what it all means for HNW privacy – expert view
So has it lived up to its expectations?
Legal,Regulation,Tax & Compliance
06/13/2019
Crown Dependencies publish guidance on economic substance legislation
At the end of April, the islands issued a joint guidance document which provided further clarification on the application of each CD’s economic substance legislation.
06/13/2019
Taxman may cut definition of high wealth by €30m
The Dáil public accounts committee has also recommended a lowering of the threshold for high earners monitored by the unit.
06/13/2019
Revenue admits using newspaper ‘rich lists’
As a result, Revenue Commissioners have turned to rich lists, which are published by two Sunday newspapers each year.
06/13/2019
Diamond group credit fraud investigation leads Indian authorities to Macau
The former Winsome Diamonds Director has justified the default by stating that that the group’s customers in the Gulf region were hit by derivatives and commodities trading losses of US$1 billion and were unable to pay him.
06/12/2019
Marc Chesney: «The Microtax Is Neither Left Nor Right»
The idea of a tax on electronic transactions that the head of the banking institute at the University of Zurich favors, will probably provoke a rebuke from representatives of Swiss banking.
06/12/2019
Finma adds three new firms to warning list
The list includes companies that might be carrying out unauthorised or unsupervised wealth management or banking services.
06/12/2019
Guernsey praised by FBI for tackling financial crime
FBI praises island in fight against financial crimeFBI praises island in fight against financial crime
06/12/2019
Conduct Risk - Is Your Framework Compatible with the FCA's Agenda?
The FCA launched the 5 Conduct Questions Programme in 2015, initially as a Supervisory tool for the Wholesale Banking sector
06/11/2019
Mauritius to offer umbrella license to providers offering wealth management services
We have prepared a summary of key measures governing the Mauritius budget 2019-2020 for your perusal.
06/11/2019
Fund Finance in Luxembourg: the essentials
The result is an attractive, secure legal framework that works strongly to the benefit of secured finance parties in transactions involving Luxembourg obligor corporate and fund structures granting security and, consequently, fund promoters seeking invest
06/11/2019
FMS.next has been enhanced to support PSD2 and Open Banking requirements
The solution comes with a preloaded set of APIs to cover requirements of directives, implementing all necessary security mechanisms for authentication and consent management.
06/10/2019
Named: British men ‘linked to spies, terrorists, sheikhs and £8bn fraud’
HMRC is accused of missing chances to catch a gang that defrauded taxpayers around Europe and may have helped fund al-Qaeda
06/10/2019
UBS agrees Japanese joint venture wealth deal
It will offer products, investment advice and services beyond what both firms alone can provide
06/10/2019
Rich New Yorkers are fleeing to Miami to escape high taxes.
New York millionaires who relocate to Florida can save more than $1 million in taxes each year.
06/10/2019
Super rich Scottish landowners rake in millions in EU subsidies paid for by taxpayers
A Sunday Mail investigation has revealed the incredible sums being handed over to multi-millionaires including the Duke of Buccleuch and a top Tory donor.
06/10/2019
IOSCO Publishes Recommendations on Sustainable Finance
The report explores the trends and challenges that influence the development of sustainable finance in emerging capital markets.
06/10/2019
Mauritius: an emerging jurisdiction for ship registration
Mauritius has the infrastructure and incentives to be an alternative jurisdiction of choice
06/07/2019
Appleby Attorney Named "Private Client Lawyer Of The Year"
A prominent figure in the Private Client and Trusts sector, Appleby Partner Carlos de Serpa Pimentel has been named ‘Lawyer of the Year’ in Who’s Who Legal 2019 awards.
06/07/2019
Five of Ogier's rising stars named in eprivateclient Channel Islands Top 35 under 35
Career progression, the quality and number of nominations and the seniority of who made the nomination and what that person said were crucial elements in determining who makes the list.