09/18/2018
Credit Suisse found lacking in fight against money laundering
Another case involves a significant business relationship with a politically exposed person (PEP), who remains unnamed.
Legal,Regulation,Tax & Compliance
09/17/2018
Full statement from UK Foreign and Commonwealth Office
The Cayman Islands withdrew from the Exchange of Notes after the UK’s Sanctions and Anti-Money Laundering Act was passed in May.
09/17/2018
Netherlands’ Largest Bank ING Group Fined $900M for Money Laundering
The Dutch police explain its “impossible” to really estimate how much money was actually laundered through sketchy accounts and unusually large transactions.
09/14/2018
The BillionaireWho Bought Trump’s Mansion Faces Scrutiny in Monaco
Lately though, Mr. Rybolovlev, a billionaire Russian mining magnate, has been less visible and Prince Albert has maintained a delicate, diplomatic distance from him.
09/14/2018
Divorce Often A Legal Quagmire For Super Wealthy
A spouse who owns and runs a closely held business may be overly optimistic about its value when applying for financing or speaking to investors in the months leading up to a divorce.
09/14/2018
Ex-Lumiere boss found guilty of £2.7m fraud by Jersey court
The month-long trial involved evidence from the Jersey Financial Services Commission and his former clients, which included an elderly French couple, a pensioner and a partially-blind 79-year-old.
09/13/2018
State of the Union 2018 – Stronger anti-money laundering supervision for a stable banking and financial sector
Today's proposal to strengthen the European Banking Authority's role will now be discussed by the European Parliament and Council.
09/13/2018
Anglo-Swiss obtains regulatory approval to distribute in Switzerland
The partners’ experience, across multiple disciplines, offers a unique proposition for asset management, private banks, family offices and pensions clients, providing both consultancy and business development services.
09/13/2018
HMRC tax yield from civil fraud investigations up 13%
The amount of extra tax collected by HM Revenue and Customs (HMRC) following investigations by its specialist fraud team increased by £300 million last year, primarily driven by an increase in civil investigations.
09/13/2018
Luxembourg simplifies the legal regime applicable to business licenses (autorisations d'établissement)
It is to be noted that any Business License granted by the Ministry of Economy prior to the entry into force of the Revised Law will remain valid for commercial activities and services
09/12/2018
More than 1,700 financial firms in Hong Kong share customer information with authorities in global tax evasion initiative
City will send information annually to local tax authorities in 50 jurisdictions with which it has agreements, with first exchange set for this month
09/12/2018
Bermuda Digital Assets Business Act Comes Into Force
The Digital Assets Business Act 2018 became operative with effect from 10 September 2018
09/11/2018
FundForum: European Policy Impacts on APAC Asset Managers
Under MiFID II, which went live from January 2018, investment research is required to be priced separately from trade execution.
09/11/2018
UBS Faces Discrimination Complaint
She has signed a contract with rival Morgan Stanley instead.
09/11/2018
Bermuda PTCs: Recent developments by Ashley Fife
Recent amendments to Bermuda laws impact to varying degrees on the regulatory, record keeping and filing obligations for private trust companies established or operating in Bermuda (PTCs).
09/11/2018
HSBC whistleblower in Spanish court over Swiss extradition request
Hailed as a hero by some, Swiss courts sentenced him in absentia to five years in jail
09/11/2018
Marcelo slapped with four-month prison term and €750,000 fine in tax fraud case
The 30-year-old is the latest player to be charged with using offshore accounts to shelter income from image rights, according to the report
09/11/2018
Revealed: The leading tax advisers of 2018
Our list of top ten accountants features advisers from the Big Four
09/10/2018
Carey Olsen pair among 'Top 35 Under 35' private client advisers in the UK
A champagne reception to honour the 35 men and 35 women who have been recognised by eprivateclient will be held in London on Thursday 27 September.
09/10/2018
Wealth planning for Sharia' law
Although the Waqf is similar to the trust, there are many benefits to the more developed trust including established law and regulation of professional trustees.