03/21/2019
Mauritius may be the ideal Plan B
The ‘Singapore of Africa’ offers one of the most progressive investment environments on the continent.
Legal,Regulation,Tax & Compliance
03/21/2019
New Beneficial Ownership Toolkit will help tax administrations tackle tax evasion more effectively
To assist policy makers in assessing different implementation options, the toolkit contains policy considerations that Global Forum members can use in implementing the legal and supervisory frameworks to identify, collect and maintain the necessary benef
03/20/2019
FCA fines UBS AG £27.6 million for transaction reporting failures
UBS AG (UBS) has been fined £27,599,400 by the Financial Conduct Authority (FCA) for failings relating to 135.8 million transaction reports between November 2007 and May 2017.
03/20/2019
Arki Busson’s hedge fund gives up Swiss licence and cuts jobs
LumX had already been slimming down following years of losses
03/20/2019
Labuan Financial Services Authority and China Banking and Insurance Regulatory Commission commit to greater regulatory co-operation and collaboration
The MoU provides the platform for Labuan FSA and CBIRC to enhance the regulatory and supervisory oversight of cross border branches and subsidiaries of China and Labuan based banks and insurance entities.
03/20/2019
MiFID II Research Unbundling: A Survey Yielding Mixed Results
MiFID II required brokers to provide a price for research that was separate from execution services, which in turn would force investment managers to decide whether to pass this cost onto clients or to absorb it.
03/19/2019
UK lawmakers join fight for expats scammed by PremierFX in Portugal
The FCA said that it is continuing to investigate the business undertaken by Premier FX to determine whether any individuals may have broken the law and whether any money can be returned to customers of the firm.
03/19/2019
HMRC targets accountants over tax evading clients
They are the starting point for HMRC to kick off an investigation and any evidence obtained can lead to a criminal prosecution.
03/19/2019
Swedbank to Release AML Report on Friday
Swedbank said it would release Forensic Risk Alliance’s conclusions and field press questions on the report this Friday.
03/18/2019
Citizenship for Sale - Could Croatia Reward Wealthy Investors?
On the World Passport Index, the Republic of Croatia holds a high ranking of sixteen because the owners of its travel documents enjoy visa-free travel to 169 countries across the world.
03/18/2019
Luxembourg tax reform for 2019: Part II
For a Luxembourg company with profits exceeding EUR 200,000, the aggregate tax rate will decrease to 24.94%[1] from 26.01%.
03/18/2019
J. Safra Sarasin Sued by Employee Who Miscarried
Coleman alleges both the bank and her immediate supervisor, long-term banker Feroze Sukh, are culpable under Hong Kong’s Sex Discrimination Ordinance and Disability Discrimination Ordinance.
03/17/2019
Appleby shortlisted as International Law Firm of the Year
Appleby has a thriving private client and trusts practice in some of the most well-regulated and highly regarded offshore jurisdictions for the creation and administration of trust structures.
03/17/2019
Raising corporation tax may seem like a vote winner, but it makes all of us poorer
The wrongdoing he had in mind is money laundering and tax evasion.
03/15/2019
Does your offshore structure have enough substance? by Nel Schoeman and Iris Harvey
The only thing that is constant is change.
03/15/2019
Mauritius: A rising jurisdiction of substance and innovation by Graham Patrick
Mauritius has one of the highest per capita incomes within the fast-growing African continent.
03/15/2019
Freedom of information reform – how could it affect the charity sector?
There are a limited number of charities currently subject to the FOIA legislation.
03/15/2019
UBS Sued by Alleged Rape Victim
She also asserts that she was disadvantaged by disclosing more than she needed to in an investigation into the rape, only to be denied access to an outside law firm's findings on UBS' handling of the matter.
03/15/2019
Swiss regulator probes UBS Australia's $1.2b PNG loan
NG lost at least three times that amount as Oil Search shares fell sharply and the government was forced to sell out.
03/15/2019
SJP charge under pressure as FCA consults on exit fee ban
The FCA has this morning announced it is consulting on a ban on platform exit fees