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.
Legal,Regulation,Tax & Compliance
09/09/2018
Dubai Papers: French media unveils UAE based International Money Laundering network
The Helin Group has no internet presence.
09/09/2018
Wealthy Russians in Britain face new visa crackdown after Salisbury
Scheme has allowed hundreds of oligarchs and Putin allies to make UK their home
09/09/2018
Pan-European tax fraud web leads to New Jersey and Dubai
A handful of conspirators teamed up to steal from European taxpayers, aided by a little-known German bank.
09/07/2018
ASIC taking wealth management firms to court
The commencement of this civil penalty action is part of ASIC’s broad-ranging and significant investigations currently underway into fee for no service failures in the financial services industry
09/07/2018
Choksi’s Indian properties seized
Choksi is at the centre of controversy surrounding a desire by the Indian administration to have him extradited from Antigua to face charges for an alleged US $2 billion bank fraud in India.
09/07/2018
Swiss banks are more crisis resistant but must do more - SNB
Banks still needed to do more on measures in the event of hitting financial difficulties, he said, so they can wind down without endangering the whole financial system.
09/06/2018
More than 1,000 people a day need to settle Rangers-style avoidance schemes before deadline to avoid charge
Those who fail to provide information to HMRC by September 30 will face a “loan charge” in April next year.
09/06/2018
Taxman accused of changing rules on stamp duty
Cornerstone Tax, a consultancy in Leicestershire, is dealing with ten cases a month compared to “almost none” six months ago.
09/05/2018
SJP investigates independence claims made by adviser
His FCA Register record, confirmed by SJP, shows he has been with SJP, and therefore restricted, since 2014.
09/05/2018
Switzerland’s banks try to put the past behind them
Despite a 2013 tax evasion deal with the US, some remain wary of the country’s lenders
09/04/2018
Former UBS trader jailed for Britain's biggest fraud faces deportation
The 38-year-old was detained on Monday following a routine visit to a Scottish police station, his spokesman, Nick Hopewell-Smith, said via email.
09/04/2018
HMRC considers opening 27 investigations for ‘serious’ tax evasion against some of the UK’s biggest businesses
The new corporate criminal offence of the Criminal Finances Act 2017 means that big businesses can be held criminally liable if they fail to prevent their employees
09/04/2018
Celebrity tax avoiders don’t deserve ‘pariah’ status
Black marks blocking UK honours not always fair
09/04/2018
Shamed banker branded ‘biggest rogue trader in British history’ faces deportation to Ghana
A Home Office spokesman said: “All foreign nationals who are given a custodial sentence will be considered for removal.
09/04/2018
Germany drops spy case against Swiss secret serviceman
Zinniker had been accused of commissioning private agent Daniel M. for espionage activities against German tax investigators and authorities in 2011.
09/04/2018
China Starts Sharing Income Data to End Global Tax Loopholes
Policy makers in Beijing are working to reform the income tax system
09/03/2018
Danish billionaire Povlsen to anchor £2bn Funding Circle float
Anders Povlsen, one of the UK's biggest landowners, is to snap up a 10% stake in the peer-to-peer lender, Sky News learns.
09/03/2018
Luxembourg lures asset managers ahead of Brexit
Close to 5,000 people now work for investment managers in the grand duchy
09/03/2018
Financial system risk is elevated and global standards are essential in managing cross-border infrastructure investment
The report says the financial outlook will also be shaped by China’s ability to manage risks relating to high indebtedness and leverage in its banking, shadow banking and wealth management industries.