12/13/2018
FCA Seek Retrial of Ex-UBS Compliance Officer On Insider Case
The defendants allegedly made £1.8 million in profit through the inside trading of stocks.
Legal,Regulation,Tax & Compliance
12/13/2018
China's Rich Rush to Shelter $1 Trillion From New Taxes
The reforms, which take effect Jan. 1, are meant to reduce the tax burden on lower-and middle-income people by making the rich pay more.
12/12/2018
Estranged husband of daughter of one of India's richest billionaires loses fight for £1m divorce cash after judge rules the £130,000-a-year City high-flier does not need money from his ex
The judge said Mr Daga earned £130,000 a year and did not 'need' money from his ex-wife.
12/12/2018
BlackRock and peers slash research budgets as new EU rules squeeze brokers
With the rules making clear how much investors are being charged for research, many asset managers are scrutinising more than ever what they’re paying for and using less.
12/12/2018
US anti-money-laundering bill could reappear early next year
Critics say the proposed law, which stalled following the US mid-term elections, would place an unnecessary burden on dealers
12/12/2018
MIIPA: Malta sets new citizenship by investment standard
At the Malta Individual Investor Programme Agency, we believe success stems from a combination of proactiveness, timeliness and determination.
12/12/2018
AXIS extends CEO Benchimol's contract to 2023
Benchimol assumed the CEO role in May 2012 and has served as a director since January 2012.
12/12/2018
UK government slammed for U-turn on ‘golden visa’ suspension
The Home Office announced it was suspending Tier 1 Investor visas on 6 December, effective from midnight that day
12/11/2018
Credit Suisse Suspected of Failings in Wealth-Manager Probe
This is the second fraud case in recent years in the Swiss city involving client assets at Credit Suisse.
12/11/2018
Environmental Protection Parliament rejects proposal to tax plane tickets
"Flying has become extremely cheap; it defies common sense," said parliamentarian Lisa Mazzone.
12/10/2018
The United Kingdom's measures to combat money laundering and terrorist financing
The UK is the largest financial services provider in the world.
12/10/2018
The Cayman Islands: An Extender of Value to the UK
Cayman Finance submission to the UK Parliament’s Foreign Affairs Committee ‘Future of the UK Overseas Territories Inquiry’
12/10/2018
Fraudster only invested £8,000 of the £3million handed over to him
The father of three blew more than £1million on his children’s private education, property, cars and exotic holidays.
12/10/2018
Investors Worry About U.K. Auditors’ Contributions to U.S. Audits
U.K. accounting firms whose performance has been harshly criticized do significant work on the audits of many American companies ] m m m mm
12/10/2018
Ginza’s ‘property king’ handed 4-year term for tax evasion
Known as the “Ginza Property King,” Kawamoto, 86, was arrested for violating the Corporation Tax Law by Tokyo District Public Prosecutor’s Office in 2013.
12/10/2018
EY South Africa announces milestone strategic partnership
Motlanalo is a 100% black women owned audit and advisory practice that currently employs 23 permanent staff and is on a strong growth trajectory.
12/09/2018
China fines banks over wealth management violations
The central bank has tightened regulations on the asset management businesses
12/07/2018
Police raids were not the fault of Deutsche Bank management, CFO says
Deutsche Bank offices were raided by German police last week.
12/07/2018
UBS Move Spotlights Wall Street Tug of War
“UBS, for now, has backed away from an unpopular policy with its financial advisers,” the publication writes.
12/07/2018
Appointment of AML Officers to Cayman Islands Investment Entities - Update - December 2018
It is important that the operators of Cayman Island investment entities consider these new requirements and whether or not they are subject to these new requirements.