05/02/2018
Tax Office targets $900m linked to 106 secret Credit Suisse accounts
A separate criminal investigation has been referred to the cross-agency Serious Financial Crime Taskforce.
Legal,Regulation,Tax & Compliance
05/02/2018
Former RBC FX trader suing bank for £13 million
He claims this is because he blew the whistle on a number of failings at the bank – which put senior managers’ noses out of joint – and is now suing the bank for £13 million.
05/02/2018
Al Baraka Banking Group and the Bank of London & The Middle East (BLME) sign a Memorandum of Understanding
Opportunities to collaborate and gives BLME the chance to provide Al Baraka clients with investment opportunities in UK real estate.
05/02/2018
Cayman Islands considers legal action to stop public scrutiny by UK
Premier Alden McLaughlin says decision is reminiscent of bygone era of colonial despotism
05/02/2018
The Consigliere to the Ultra-Rich
She has led the prestigious Zurich law firm’s practice with private clients for more than ten years
05/02/2018
Russian billionaire Abramovich in Swiss court over debt case
The suit aims to recover alleged debts left behind by Abramovich's now-defunct Runicom trading firm, which was based in Switzerland until its bankruptcy in 2003.
05/01/2018
Chief Minister Meets UK Ministers to Address Constitutional Concerns with Amendments to Sanctions and AML Bill
“The speed with which the UK Government has intervened on this issue demonstrates the value of our close co-operation and our centuries of shared heritage.”
05/01/2018
Jersey Completes Multi-Jurisdictional Review of Exchange of Notes on Beneficial Ownership
This has ensured that the most adequate, accurate and current information is able to be exchanged quickly with the relevant law enforcement and tax authorities, in pursuit of the worldwide fight against financial crime.
05/01/2018
Report: Swiss begins criminal probe on 1MDB's JV partner
"US investigators have previously alleged that US$1 billion of Malaysian public money meant for a joint venture between 1MDB and PetroSaudi was siphoned off to a Malaysian businessman.
04/30/2018
UK searches for compromise over offshore ownership registers
Ministers try to broker deal to avoid defeat in parliament
04/30/2018
Philanthropic assets can grow by half if Hong Kong relaxes taxation cap
Hong Kong’s relatively relaxed legal requirements for charitable organisations is one major draw to being the best city in the region to establish such structures
04/30/2018
Scope of the 'reasonable excuse' defence
The finalised version of the Anti-Money Laundering (AML) Guidance, approved by the Treasury, offers additional information on when the defence may apply.
04/30/2018
Guernsey Finance publishes global distribution strategy statement: connecting to the parts of the world managers want to reach
The strategy statement sets out the aim by which Guernsey intends to become the global jurisdictional platform supporting managers to reach global markets
04/30/2018
Dolfin awarded custody and depositary licence in Malta
The main beneficiaries are expected to be Malta-based collective investment schemes and trusts or other wealth structures that need a local custodian or depositary.
04/27/2018
Danske Wealth Management Robot Gets Caught Shirking Regulations
Danish regulator reprimands Danske’s asset management robot
04/27/2018
Wealth managers accused of dodging capital rules
"This can be seriously disruptive for firms’ plans. It suggests there is work to do if firms’ own assessments of capital requirements are to be aligned with those of the regulator."
04/27/2018
Police launch fraud investigation into football advice firm
City of London Police detective superintendent Perry Stokes, who is leading the investigation, said: 'We are encouraging anyone who believes they are a victim."
04/27/2018
Real estate developer pleads guilty to tax evasion
Real estate mogul Michael Shvo, 45, pleaded guilty to tax evasion on Thursday
04/26/2018
StanChart Compliance Chief Probed for Misconduct
Neil Barry allegedly made inappropriate comments to colleagues
04/26/2018
Credit Suisse fully compliant on sanctions - CEO
The neutral country has now begun to exchange information on bank clients with foreign tax authorities.