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.
Legal,Regulation,Tax & Compliance
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.
10/12/2018
Harrow schoolboy investigated over ‘£3bn theft’ in one of biggest ever fraud probes
Jho Low, 38, is regularly seen flaunting huge wealth at exclusive Vegas and Hollywood parties
10/12/2018
Court in France denies UBS bid to drop money laundering charge
After seven years of investigation and aborted settlement talks, UBS will also answer charges that it illegally solicited clients in France
10/12/2018
Tax, Fiduciary and Philanthropic Requirements in 60 Countries - RESEARCH
A similar report was first produced by the two organizations in 2015.
10/12/2018
EU mulls blacklisting its own Member States
Lawmakers and campaigners questioned whether countries like Luxembourg, Malta, Ireland or the Netherlands should be considered tax havens due to their tax rules.
10/11/2018
Woman who spent £16 million in Harrods named as first person investigated under new 'suspicious wealth' orders
A second multi-million pound property is also being investigated.
10/11/2018
Appointment of AML Officers to Cayman Islands Investment Entities - Update
It is important that the operators of Cayman Island investment entities consider these new requirements and whether or not they are subject to these new requirements.
10/11/2018
OECD releases 2017 global mutual agreement procedure statistics
Improving the effectiveness and timeliness of dispute resolution mechanisms is the aim of Action 14 of the BEPS Action Plan (read the final report on Action 14 of the BEPS Action Plan) and is also part of the wider G20/OECD tax certainty agenda. The Actio
10/11/2018
Frank Stronach suing daughter Belinda over family fortune
New Jersey’s Throroughbred Daily News broke the news after obtaining a 73-page lawsuit from the Ontario Superior Court of Justice.
10/11/2018
NY fines UAE's largest bank over lax money-laundering safeguards
DFS Examinations Found Multiple Deficiencies in the Bank’s Compliance with Anti-Money Laundering Laws and Office of Foreign Asset Controls Regulations
10/11/2018
Julius Baer Whistleblower Cleared in Data-Theft Case
In a case drawing international scrutiny, the Federal Supreme Court by a 3-2 majority rejected an appeal by Zurich prosecutors in the case involving former private banker Rudolf Elmer, who denied all the charges.
10/11/2018
Ex-billionaire fights bid to foreclose on London home
UBS seeks possession of Vijay Mallya's property, saying that firm that took out £20.4m mortgage has not repaid it
10/11/2018
Panama shares financial accounts data with 31 countries
The objective of the process is to comply with transparency of the exchanges of financial entities in the country, as well as to determine and identify specific areas of taxation at the local level.
10/11/2018
PA accused of stealing Goldman CEO’s wine jumps to his death
He was accused of stealing hundreds of bottles of wine from Solomon between 2014 and 2016.
10/10/2018
Ex-Billionaire Fights UBS Bid to Foreclose on London Home
Case is the latest legal battle for Indian tycoon Vijay Mallya
10/10/2018
Rothschild Trust Poised for MBO?
The move wouldn't entirely surprise, given that wealth managers have increasingly separated themselves from trust arms for governance reasons in recent years.