11/06/2018
Ex-banker forfeits $43.7 million and pleads guilty to conspiracy to violate the FCPA and launder money
This work generated $600 million in fees and led to large bonuses for Leissner and Ng.
Legal,Regulation,Tax & Compliance
11/06/2018
Ex-UBS Grad Alleges Whitewash
A former graduate banker at UBS has blasted an outside legal review at the bank following a rape allegation she made against one of her bosses.
11/06/2018
From GoSkippy to diamond mines: the web of Arron Banks's wealth
The tycoon’s complex finances are under scrutiny as the NCA investigates £8m of Brexit campaign funding
11/05/2018
Legal Guide Rankings Confirm Appleby as Leading Law Firm in Isle of Man
Last week Appleby Isle of Man also announced its ranking in The Legal 500
11/05/2018
Crown dependencies to comply with EU tax regulation
Guernsey and Isle of Man join Jersey to avoid EU tax haven blacklist
11/05/2018
Higher penalties for offshore matters
An offshore matter is where the potential loss of tax is charged on
11/02/2018
US charges former Goldman bankers for 1MDB
Former Banker Tim Leissner Pleaded Guilty to Conspiring to Launder Money and to Violate the Foreign Corrupt Practices Act Related to 1MDB
11/02/2018
Proposed abolition of “white list” approach in CRS legislation
This article discusses the change announced in the FAQ, details the jurisdictions affected and highlights the key obligations and considerations for Swiss FIs in complying with the amendment
11/01/2018
Isle of Man sees reform of charities law
The purpose of the Bill is to bring Manx law’s definition of what is charitable and its system of regulating charities more in line with the approach taken in England and Wales following the Charities Act 2011.
11/01/2018
The Charity Commission - a new regulatory approach?
They demonstrate a shift in emphasis for the Charity Commission following a year where charity behaviour and regulation has been particularly in the spotlight.
10/31/2018
BAHAMAS Public Statement on FATF ICRG announcement
The Bahamas’ CFATF Mutual Evaluation Report was approved at the May 2017 CFATF Plenary in Trinidad and Tobago.
10/30/2018
Asset managers buck trend as financial services complaints reach record high
Investment product complaints just 2% of total
10/30/2018
Former Julius Baer Banker Gets 10 Years for Venezuelan Plot
Matthias Krull pleaded guilty to role in money-laundering case
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.