05/31/2018
US Mounts Major Global Money-Laundering Campaign
It is uncertain how much of the new assertiveness can be traced to the US initiative.
Legal,Regulation,Tax & Compliance
05/31/2018
Deflation a tougher foe than Japan's central banker imagined
Kuroda retreats from 'Peter Pan' confidence in power of loose money
05/31/2018
Singapore, Malaysia authorities meet as 1MDB probe intensifies
Our Malaysian counterparts have requested for our assistance in relation to their 1MDB-related investigations, and we agreed to a meeting in Kuala Lumpur
05/31/2018
Use of behavioural insights may help educate investors, say IOSCO/OECD
The report also provides various approaches for regulators, policy-makers, and practitioners to choose from when considering whether and how to apply behavioural insights.
05/31/2018
Hong Kong regulator fines wealth manager
Noah HK did not have an adequate supervision and control mechanism in place for monitoring the sale of investment products.
05/30/2018
Property Millionaires Fuel One of Hong Kong’s Oldest Brokerages
The hires will take place over the next year or two and raise the team’s overall strength to about 500.
05/30/2018
Liabilities of Legal Representatives and Directors of Chinese Companies
Chinese law does not require a legal representative to have actual knowledge of, or be personally involved in, any of the violations stipulated above.
05/30/2018
Wanna be super rich in SA? Study law and finance
The average age of SA's super rich is 57 years and 34% are older than 60.
05/30/2018
Wealth managers face ongoing compliance challenge to limit GDPR costs
Avoiding financial penalties
05/29/2018
Radical reform: Switzerland to vote on banking overhaul
Supporters promise the proposal will end boom-and-boost, but critics say it is a dangerous experiment
05/29/2018
Switzerland Is An Ideal Destination For Tax Evasion. Here’s Why
As per these agreements, Swiss banks are obligated to reveal information about U.S. and EU account holders with their respective countries.
05/29/2018
Privacy – it’s not all about money
On 1 May, a high-profile debate in the UK House of Commons passed a set of amendments to the Sanctions and Anti-Money Laundering Bill that brought the issue of beneficial owners of companies, and public registers, back into the spotlight.
05/29/2018
Blackstone’s tax-free hedge fund pitch woos even more clients
Equity firm’s Lombard International is leading charge to promote exclusive insurance vehicles that can contain hedge fund investments
05/28/2018
New tax treaties with Singapore and Switzerland contain BEPS-related measures
The two treaties provide for the following withholding tax rates for source-country taxation on various types of income
05/28/2018
OECD peer reviews on BEPS Action 13 Country-by-Country reporting initiative show strong progress for global roll-out in June
The first annual peer review focuses mainly on the domestic legal and administrative framework
05/25/2018
Tax Queries: Taxpayers do not need to pay demand below Rs 100
The demand as per intimation under Section 143(1) is of Rs 60.
05/25/2018
Investors warned on robo-advisers as watchdog finds some are 'potentially misleading' customers on fees and advice for their investing service
Investment firms can offer different levels of service
05/25/2018
Husband and wife banned after abusing insolvent company’s assets
A married couple who were directors of an independent financial advice company have been disqualified for taking assets from an insolvent company.
05/25/2018
Deutsche Bank exits Poland and Portugal, new focus on Spain and Italy
Meanwhile, the Deutsche Bank stock continues to lose on the Frankfurt stock exchange.
05/24/2018
Brazil signs key tax agreements with Singapore and Switzerland
These actions improved the conditions for bilateral investment into Brazil while the grey-listing counter-measure aimed to create an equilibrium between the countries’ tax regimes.