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.
Legal,Regulation,Tax & Compliance
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.
05/08/2019
'Grand Theft Europe' — tax fraudsters reportedly stealing millions from governments
The "VAT carousel" rackets enable criminal gangs to steal millions from the state.
05/08/2019
StanChart Faces Potential Investor Revolt Over CEO Pay
Shareholders are set to vote on StanChart's 2019 pay policy at the lender's annual shareholder meeting in London.
05/08/2019
Conference told detailed record-keeping is a key ingredient of compliance with new economic substance requirements
The expectation is that the island's regulated corporate and trust service providers should be able comfortably to meet the requirements as they reflect the professional standards expected under applicable codes of conduct.
05/08/2019
Carey Olsen advises on £60 million commercial property sale
The purchase also underlines the continued attractiveness of Guernsey's property market as an investment opportunity.
05/08/2019
Basel Committee reports on Basel III implementation progress
The progess report sets out the adoption status of Basel III standards for each Committee member jurisdiction as of end-March 2019.
05/07/2019
Lax Oversight of Corporate Register Undermines UK Transparency: Watchdog
Continued foot dragging by Government will only risk UK companies being implicated in the next major money laundering scandal
05/07/2019
How major banks turned a blind eye to the theft of billions of pounds of public money
In just eight weeks in 2009 they claimed back £300 million before the Revenue stopped paying up and HMRC is still pursuing that money though the courts.