10/21/2018
Mauritius Government Strengthens
This article discusses the enhanced measures implemented to strengthen the anti-money laundering legislative framework through the Financial Intelligence and Anti-Money Laundering Act.
Legal,Regulation,Tax & Compliance
10/21/2018
OECD issues guidance on 'golden passport' tax abuse
Financial institutions need to ask additional questions to prevent residence and citizenship by investment schemes being used as tools to hide assets from the tax authorities, the Organisation for Economic Cooperation and Development has said.
10/21/2018
Tax authorities update tax haven guide
Countries are deemed to be tax havens or to have a preferential tax regime if they apply a special beneficial tax regime to nonresidents (either companies or individuals) with a view to attracting capital and/or investment.
10/19/2018
Raymond James loses chance to snuff a lawsuit on upcharging fees
The lawsuit alleges that the firm overcharges, sometimes by up to ten times, its “processing fees” in certain accounts, according to the lawsuit.
10/19/2018
Rich Russian Kids Throw Wads of Cash Out of Bentley, Prompting Police Investigation
Street musicians performing outside the city’s Gostiny Dvor shopping complex are heard yelling: “Look, they’re throwing money!”
10/19/2018
Carey Olsen and Vistra advise on first Guernsey Green Fund
Carey Olsen partner Ben Morgan led the team advising on the Guernsey Green Fund designation and was assisted by senior associate James Cooke.
10/19/2018
Q&A - Reform brings Luxembourg Securities Law to the blockchain age
Luxembourg has opted to embrace and adapt to these technological developments.
10/18/2018
Vistra further solidifies presence in Ireland
With offices in Dublin and Shannon, Vistra Ireland helps clients forge their future success in Ireland with a comprehensive range of service offerings:
10/17/2018
Why Credit Suisse Was Ordered to Pay Ex-Broker Almost $1 Million
Nonetheless, the Finra panel ruled Chilton must pay back Credit Suisse an outstanding loan balance of $18,706, netting him an award of $844,621, InvestmentNews writes.
10/17/2018
Haven’s above: How ‘no deal’ Brexit could bring tax hikes or tax haven status by Chris Etherington
The hope, presumably, is that by lowering income taxes, the UK economy will receive a shot in the arm by supporting existing wealth-creators and attracting new ones.
10/17/2018
OECD clamps down on CRS avoidance through residence and citizenship by investment schemes
Moreover, a number of jurisdictions have committed to spontaneously exchanging information regarding users of CBI/RBI schemes with all original jurisdiction(s) of tax residence, which reduces the attractiveness of CBI/RBI schemes as a vehicle for CRS avoi
10/16/2018
Quarterly Investment Update Q3 2018
Markets are likely to remain volatile in the coming weeks but we think the underlying global economic backdrop remains sound and supportive for equities.
10/16/2018
PIMFA raises concerns over proposed extension of FOS award limit
The proposed increase will see levels rise from £150,000 to £350,000 and the trade association highlighted concerns about the potential impacts that the rise could have on the competitiveness of the market and the advice gap.
10/15/2018
Richest clients are being penalised by MiFID
High net-worth customers may be losing access to the best investment offers because of revised European market rules, according to the people running debt and market sales at Nordea Bank Abp.
10/15/2018
Crypto Fund Mulls Asian Expansion
Crypto Finance's regulatory backing is a breakthrough in Switzerland's nascent crypto scene, where providers are rushing to build bridges between traditional finance and blockchain technology underpinning the token providers flooding into the al
10/15/2018
In divorce or separation...the financial adviser should be the 2nd call made says Cardena’s Iain Reid
Divorce and separation can be extremely stressful for all parties involved.
10/15/2018
More than 160 celebrities nominated for honours have been secretly 'blacklisted' over tax dodging
Checks are carried out to ensure The Queen does not end up embarrassed by who she honours
10/14/2018
Head of British standards-setting body warns of rise in AI risk to financial markets
The global algorithmic trading market is expected to grow to US$18.16 billion by 2025 from US$8.79 billion in 2016 – but are the technology, artificial intelligence and electronic trading systems involved regulated strictly enough?
10/12/2018
London remains a safe haven for the world’s dirty cash
The government’s new unexplained wealth orders are a hopelessly weak weapon against money laundering
10/12/2018
Global Financial Markets Regulatory Review
Reported items include proposed legislation, rule changes, disciplinary actions, litigation, and other news.