03/14/2019
SFC reprimands and fines Standard Chartered Securities $59.7 million for sponsor failures
The SFC also found that the records of the interviews were seriously inadequate.
Legal,Regulation,Tax & Compliance
03/13/2019
UBS: France to Appeal Ruling
UBS was ordered to pay 4.5 billion euros ($5.1 billion) in fines and damages.
03/13/2019
Bitcoin After Death: your digital inheritance: Part 2 - Estate planning tips
Unfortunately, there is no magic solution as the law in the UK has yet to catch up with the latest technological advances, especially in the world of cryptocurrencies.
03/13/2019
Data protection and mythology in the charity sector - Withers
Charities have found their resources stretched more thinly as they try to comply.
03/13/2019
Is it a Wonderful Life? by Charles Randell, FCA
Viewed from a distance, the big picture doesn’t look too bad.
03/13/2019
EU reaffirms Guernsey as a co-operative Jurisdiction
ECOFIN's decision also follows a further commitment made by Guernsey in December 2018 to work with the EU on sharing beneficial ownership information, such as through an integrated platform.
03/13/2019
Guernsey confirms continuity of UK market access for funds post-Brexit
GFSC Director-General William Mason signed the agreement with Andrew Bailey, CEO of the Financial Conduct Authority.
03/13/2019
‘Dirty money’ and Unexplained Wealth Orders
Gherson, the law firm which is handling the first two UWOs confirmed that the validity of the first UWO is currently under challenge in the courts.
03/13/2019
No Safe Havens 2019
HMRC’s strategy for offshore tax compliance.
03/13/2019
Does Absolute Discretion Mean Absolute?
The Court ruled that the bank did not owe a Braganza duty to the borrower
03/12/2019
Money laundering concerns justify Jersey intervention, say MPs
Backbenchers tackling Jersey, Guernsey and Isle of Man on grounds of national security
03/12/2019
A binary future? How digitalisation might change banking by Andrea Enria
The world of finance is no exception; banks, too, face a binary future – one, they adapt; zero, they perish.
03/12/2019
Comment: Taxing times for IHT
Naturally, high net-worth individuals (HNWIs) have baulked at the idea they might be adversely affected by the reforms.
03/11/2019
UK’s fragmented anti-money laundering system needs re-ordering, warns Treasury Committee
The Government must ensure it does not bow to buccaneering deregulatory pressures and maintain its intentions to lead in the fight against economic crime.
03/11/2019
Jersey’s 1% tax band lures super‑rich
An ageing hotel near by has given way to a sprawling house for a multimillionaire French hedge fund boss.
03/11/2019
Big banks including HSBC, Barclays and Bank of Ireland face £11bn bill for fuelling celebrity tax dodge schemes
In its annual report last month, HSBC admitted that the impact of legal claims against it, if successful, could be ‘significant’.
03/11/2019
Why Hong Kong and Singapore should tax wealth more
Neither needs the money; both need to address rising inequality
03/11/2019
Brexit fallout on UK finance intensifies: Think tank
New Financial identified 5,000 expected staff moves or local hires, a figure that is expected to rise in coming years.
03/11/2019
UBS, StanChart agree to settle 2009 Hong Kong IPO misconduct case: regulator's counsel
StanChart and UBS banker Cen Tian were also scheduled to appeal against disciplinary action taken by the Securities and Futures Commission (SFC) over alleged misconduct during a 2009 IPO that the two banks sponsored, or led.
03/11/2019
Georgina Rodriguez supports Cristiano Ronaldo as he faces trial for ‘£5.3 million tax fraud’
Prison sentences of two years or less for first-time offenders are normally suspended under Spanish law, meaning Ronaldo is not likely serve any time in prison.