05/17/2019
HMRC finds widespread confusion over IHT rules
HMRC found that older people who had substantial wealth or who intended to leave a large inheritance, and were therefore likely to be affected by IHT rules
Legal,Regulation,Tax & Compliance
05/17/2019
Wealth management boss jailed for a decade over £14.5 Ponzi fraud handed FCA final notice
David ran a legitimate HBFS business parallel with his fraud, in which he convinced investors, some of which he knew personally as friends, that their funds were held in high-interest bank accounts offering between four and eight per cent annual interest.
05/16/2019
Similarity of phones in alleged UBS insider trading case a ‘coincidence’
Former compliance officer says day-trader friend provided mobile phone to keep in touch
05/16/2019
TMF Group named a ‘Major Contender’ in finance and accounting outsourcing
At TMF Group we focus on providing a simple yet flexible one-stop-shop for international firms, and it is great to see this value recognised by a respected analyst.
05/16/2019
No Safe Havens 2019
HMRC’s strategy for offshore tax compliance.
05/16/2019
HMRC toughens position on use of offshore trusts to avoid tax
HMRC is cracking down on the use of disguised remuneration and contractor loans after winning two tax avoidance cases at the tax tribunal over use of offshore trusts to avoid tax and NICs
05/16/2019
The IoF updates its GDPR guidance – what's changed?
The focus of the guidance remains on how charities decide on which lawful basis of processing personal data they should rely on in a particular situation.
05/16/2019
Story-making, compliance, green finance – lessons from Hong Kong's latest sustainability conference
There has been a global change in the perception of "sustainability" and where it sits within business.
05/15/2019
Will a carbon-added tax help save the world? by George Bull
Taxes won’t cure all of the world’s ills, but they might help with some of them.
05/15/2019
UBS Hones French Defense Plan
The Swiss bank was ordered to pay 4.5 billion euros ($5 billion) in fines and other charges.
05/15/2019
International Client - A round-up of the tax issues affecting international clients
Our article looks at the economic substance requirements.
05/15/2019
How Guernsey is part of the British financial services family
Some £35 billion from Guernsey investment funds is invested into UK assets
05/15/2019
US issues anti-money laundering guidance for cryptocurrencies
The guidance is in response to questions raised by financial institutions, law enforcement, and regulators concerning the regulatory treatment of multiple variations of businesses dealing in CVCs.
05/15/2019
Shearman & Sterling Secures Victory For SS&C Technologies In Lawsuit Against Clearwater Analytic
SS&C argued that the theft was deliberate and planned, and that Clearwater should pay a “reasonable royalty” based on the value of the information at the time it was stolen.
05/15/2019
Implementation of Multilateral Instrument in Switzerland
The MLI is divided into seven parts.
05/15/2019
Deutsche Bank Panama Papers Probe Leads to More German Raids
Frankfurt prosecutors looking at wealthy individuals in case
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.