06/04/2018
Dormant Assets Scheme bolstered by industry leaders
Industry support for new plans to expand the dormant asset schemes
Legal,Regulation,Tax & Compliance
06/04/2018
Offshore law firm breaks into top three for LSE clients
The Corporate Advisers Ranking Guide show that with 101 LSE listed clients, Carey Olsen has comfortably more than double the number of the next nearest offshore law firm.
06/04/2018
Scrapping inheritance tax won’t make divorce easier
Proposals consider being able to gift up to £125,000 per person as a lifetime gift without payment of tax.
06/04/2018
ICOs and good governance - Ogier
This difficulty in establishing the correct banking architecture for these businesses undermines the ability of operators to ensure the integrity of their financial governance and is proving a real obstacle to the growth of the sector.
06/01/2018
EU puts US on the clock for tax blacklist
If the US does not comply with the OECD Common Reporting Standard by June next year it faces being placed on the EU blacklist for non-cooperative jurisdictions, an EU top official has warned.
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.
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