10/30/2018
Former Julius Baer Banker Gets 10 Years for Venezuelan Plot
Matthias Krull pleaded guilty to role in money-laundering case
Legal,Regulation,Tax & Compliance
10/30/2018
Carey Olsen repeats clean sweep of Tier One rankings in Legal 500 UK
"We would like to thank our clients and peers for their time and positive endorsements during the research process and our staff for their continued commitment and hard work."
10/29/2018
Global Banks in Crossfire Between Chinese Authorities, Wealthy Elite
This type of questioning has become business as usual for Asia’s biggest economy.
10/29/2018
Unexplained wealth orders: The UK’s newest weapon in the war against dirty money
To spend £1.6m in a year, you’d need to buy the equivalent of that bracelet once every 11 days.
10/28/2018
Good cop/Bad cop – Speech by Sam Woods
On issues of common ground where there are shared challenges that the regulator and the firms collectively face, there is no inherent conflict between the public and private interest and the regulator plays the role of good cop.
10/28/2018
A Bundesbank Economist Has a Radical Plan to Halve Italy's Debt
At such a rate “almost half of Italian government debt could be converted into solidarity bonds.
10/26/2018
Tax system problems result in CHF1.8bn shortfall
One of the main problems, however, was that neither reminders nor invoices for interest could be sent.
10/26/2018
How The Unexplained Wealth Order Combats Money Laundering
As part of new measures to tackle asset recovery and money laundering, the UK government introduced Unexplained Wealth Orders in January, which are being hailed as the cure to Britain’s dirty money problem.
10/26/2018
JPMorgan Hack Justifies Secret Accounts, Ex-UBS Banker Says
Raoul Weil says their features protect identities from hacking
10/25/2018
Millionaires need tax help — where are the advisors?
There were some findings around taxes where I think investors were really pleased with some of the advice they got
10/25/2018
APAC tourism records fastest growth in international tourist arrivals
The boost in international travel can be attributed to rapid economic growth in a region with over half the world’s population, combined with rising air connectivity, travel facilitation and large infrastructure projects.
10/25/2018
Money laundering and terrorist financing controls in overseas jurisdictions – advisory notice
This document contains advice issued by HM Treasury about risks posed by unsatisfactory money laundering and terrorist financing controls.
10/25/2018
Fintech development and regulation highly variable across Europe
“Whilst in the majority of surveyed markets, Fintechs have to operate under the same regulatory framework, some countries (e.g. Austria, Italy, Poland) exhibit deficiencies in this regard."
10/25/2018
Sackler family—major cultural patrons—amassed $31.2m in offshore HSBC bank accounts, investigation finds
Mortimer Sackler opened a handful of accounts in Switzerland one month before federal prosecutors filed a lawsuit against Purdue Pharma in 2005
10/24/2018
Taming the wild west: the future of crypto-asset regulation
On 12 September 2018, the House of Commons Treasury Committee (the Committee) published its report on crypto-assets (the report).
10/24/2018
OECD and CIAT join forces in promoting stronger tax systems
The event brought together more than 40 tax administration Commissioners, Director Generals and senior officials from CIAT and CREDAF member countries.
10/24/2018
OECD and World Bank call for whole-of-government approach to combating tax evasion and corruption
With annual revenue losses from tax evasion and corruption estimated to be in the billions, it is critical that government agencies are able to join forces to deter, detect, and prosecute these crimes.
10/24/2018
HMRC expands football tax probe
Total of 171 players, 44 clubs and 31 agents under investigation for suspicious tax activity relating to image rights
10/24/2018
Chinese Film Companies Flee Desert Tax Haven
Official representatives of Khorgos and representative agencies were advocating the scheme.
10/24/2018
UK’s biggest legal charity cycle race, Tour de Law, returned last week for its seventh year
The event took place all over London in law firm offices and barristers’ chambers as 21 different groups of lawyers raced against each other from London to Paris and back