05/15/2019
Deutsche Bank Panama Papers Probe Leads to More German Raids
Frankfurt prosecutors looking at wealthy individuals in case
Legal,Regulation,Tax & Compliance
05/14/2019
Security deliverables in a share charge where the charged shares represent a minority stake
The chargee should be advised on the legal and commercial implications, a few examples of which are illustrated below.
05/14/2019
Capgemini’s World Insurance Report 2019
Customers Demand More Comprehensive and Personalized Insurance Products to Address ‘Coverage Gap’ in Existing Policies and Emerging Risks
05/14/2019
The Marijuana Industry’s Dirty Little Secret
After securing a major $4 billion investment from beverage giant Constellation Brands, it seemed like Canopy Growth was on the top of the world.
05/14/2019
Economic substance requirements in Bermuda, the British Virgin Islands and the Cayman Islands
The legislation was introduced in response to concerns expressed by the Council of the European Union about the absence of clear general legal substance requirements for entities doing business in and through these jurisdictions.
05/13/2019
Growing size of international funds poses economic risk here, warns IMF
This includes property where so-called cuckoo and vulture funds are increasingly active.
05/13/2019
Report: Bermuda to come off EU blacklist
The news agency added that its report was based on documents obtained by Bloomberg News.
05/13/2019
Bank Secrecy Rules Get a Rethink After Danske Laundering Shock
The financial regulator in Denmark, the bank’s home, has started lobbying counterparts elsewhere for a broader discussion.
05/13/2019
Court Rules Against Credit Suisse
A labor court in Geneva has now come to a pretty different conclusion, according to Neue Zuercher Zeitung.
05/13/2019
Remuneration trust avoidance scheme labelled high risk
The remuneration trust is set up in a contrived manner and is claimed to provide benefits to individuals (beneficiaries), other than the scheme user.
05/12/2019
Lottery winner hit with £6m bill over money laundering
A couple and their associates have forfeited assets including a hotel
05/10/2019
Fake heiress jailed for scamming New York
Her scams began soon after her arrival in the US, as which she insinuated herself into high-rolling New York social circles.
05/10/2019
Future support for nature in UK Overseas Territories
The UK Government launches a Call for Evidence on safeguarding biodiversity in the UK Overseas Territories.
05/10/2019
Can you Keep a Secret? Publishing the Identity of Ultimate Beneficial Owners
The UK Government is now turning its attention to the hotly debated issue of UBO transparency in British Overseas Territories and Crown Dependencies.
05/10/2019
Mada Capital signs for Profile Software Axia
MADA Capital is a financial group based in Dubai, providing financial services and advisory including asset management, fund management and growing wealth for individuals, family offices and institutional investors through tailor-made solutions and global
05/09/2019
Financial conduct regulation in a restless world
Speech by Christopher Woolard, Executive Director of Strategy and Competition at the FCA, delivered at the Deloitte conduct risk roadshow 2019, London.
05/09/2019
‘World-Renowned’ Whistleblower Sues Kevin Costner, Estée Lauder Billionaire for Alleged Fraud
The action stems from a dispute over Birkenfeld’s book, Lucifer’s Banker: The Untold Story of How I Destroyed Swiss Bank Secrecy.
05/08/2019
UK company register eyes more powers to fight fraud
Amid criticism it is imposing public beneficial ownership registers on overseas territories
05/08/2019
How the International Monetary Fund is waking up to the financial risks of the climate crisis
The paper stresses that mitigation instruments other than carbon taxes can have an important role if, for example, higher fuel prices are politically difficult or have limited impacts in countries that do not consume coal.
05/08/2019
Geneva boutique partners with consultancy firm
Both companies will also continue to offer some services independently.