04/02/2019
Why Aren’t Hedge Funds Required to Fight Money Laundering?
The push to regulate hedge funds and similar investment firms took off after the Sept. 11 attacks, when Congress passed the Patriot Act.
Legal,Regulation,Tax & Compliance
04/02/2019
Fake German heiress laughs with her attorney during her fraud trial as it's revealed a married banker 'sent her dozens of flirty texts'
During the 28-year-old's trial on Monday, her defense attorneys told the court that a banker at the private equity fund Fortress sent Sorokin 158 texts when she was trying to secure the loan.
04/01/2019
Between a Legal "Rock" and a "Compliance Hard Place"?
ICO fines Grove Pension Solutions Ltd (Grove) £40,000 for sending almost 2million spam emails
04/01/2019
Private mergers and acquisitions in the Isle of Man: overview
First published in the Thomson Reuters Practical Law Private Mergers and Acquisitions Global Guide 2019
04/01/2019
Smith & Williamson sets up European hub in Dublin
Opening is designed to protect clients in Republic in event of no-deal Brexit
03/29/2019
Year-end and general UK tax planning for international clients
Care needs to be taken when spending time in the UK so as not to breach the UK Statutory Residency Test rules.
03/29/2019
Vistra Achieves SOC 1 and SOC 2 Accreditations for Strong Internal Controls
The accreditations are objective proof of our strong control environment.
03/29/2019
Corporate Taxation in the Global Economy By Christine Lagarde
The current international corporate tax architecture is fundamentally out of date.
03/29/2019
Financial firms must address sexual harassment 'cultural failings'
Tackling sexual harassment within the financial services industry will require cultural change from firms, from senior leadership down, an expert has said.
03/29/2019
Luxembourg tackles UCITS cross-border marketing issues/investment policy concerns in the Brexit context
The Bill is set to modify the law of 17 December 2010 on undertakings for collective investment and the law of 13 February 2007 on specialised investment funds. For any additional information, please contact Ogier in Luxembourg.
03/29/2019
Details Emerge in Pictet Fraud Case
The public prosecutor confirms it has opened a procedure for fraud and breach of trust against a former employee of the bank
03/28/2019
GDPR and Data Protection Law in Mauritius
The GDPR is intended to provide much greater harmonisation and protection within the EU in respect of data privacy and security issues
03/28/2019
FCA fines Goldman Sachs £34.3m for Mifid breaches
Accurate and complete transaction reporting helps underwrite market integrity and supervise firms and markets. In particular, transaction reports help the FCA identify potential instances of market abuse and combat financial crime.
03/28/2019
JPMorgan whistleblowers get $50M from SEC in high-net-worth case
The SEC didn’t name the company involved or the people getting the awards, citing federal law that protects confidentiality.
03/28/2019
Arbuthnot lays out plans to ensure EU payments post Brexit
The London-based lender also said it may no longer be able to provide financial advice to citizens in the EU after Britain's exit.
03/28/2019
ASIC expects more referrals to prosecutors for wealth industry wrongdoing
In response to a question taken on notice at Senate estimates, ASIC said it had "approximately 20 matters within its expanded wealth management project scoped for investigation of criminal offences".
03/27/2019
Ex-UBS broker first to be sentenced in fraudulent Puerto Rico bond sales scheme
I'm not here to blame anyone else
03/27/2019
Guernsey substance rules – the Banking and Finance perspective
Guernsey tax resident entities which carry on relevant activities will need to demonstrate that they carry out core income generating activities (CIGA) in Guernsey.
03/27/2019
HMRC wins £40 million battle against tax avoidance promoters
HM Revenue and Customs has won a legal case over tax avoidance scheme promoter Hyrax Resourcing Ltd, which will help the tax authority collect over £40 million in unpaid taxes.
03/26/2019
RSM sells controversial UK wealth manager out of administration
Robinson was allowed to continue working as a financial adviser by the Financial Conduct Authority, despite being ruled against in court and avoiding further legal action after liquidating his company.