03/28/2018
Oligarch’s £22m property frozen in crackdown on unexplained wealth, security minister reveals
The oligarch was served with an “unexplained wealth order”, under the new Act.
Legal,Regulation,Tax & Compliance
03/28/2018
Arbuthnot Banking's full-year profit jumps on surge in lending
Arbuthnot Banking Group stuck to its optimistic stance over Britain’s vote to leave the European Union, saying that the associated turmoil would create investment opportunities.
03/28/2018
The Impact Of Tax Reform Changes On High-Net-Worth Clients
Perhaps the first and most obvious change relating to HNW individuals is the doubling of the estate and gift tax basic exclusion amount.
03/27/2018
How Law Firms Can Prepare for FinTech Wave
The innovations and industry disruption should have law firms snapping to attention.
03/27/2018
Swiss intelligence services ignored spying laws, report finds
The FIS collected largely worthless information in the investigation, managed the spy badly and disobeyed the law, the report says.
03/26/2018
McMafia probe into death of Scottish property tycoon amid fears Russian hitmen threw him out window
Scot Young and four of his rich pals all died between 2010 and 2014 and his ex-wife says his £1billion fortune is at root of his 'murder'.
03/26/2018
Switzerland repatriates chunk of frozen Mubarak funds
The value of the assets has declined from an original total of CHF700 million but efforts to unblock the remaining funds, which were held in Swiss bank accounts, have been convoluted.
03/26/2018
SGG Depositary Netherlands obtains AIFMD depositary license
SGG Depositary Netherlands is now one of a select group of independent, non bank, depositaries in the Netherlands.
03/26/2018
France boosts tax breaks for foreigners in effort to lure UK talent
The French policy also offers tax breaks on bonuses earned outside of France and such assets as intellectual property.
03/26/2018
Senior managers fear being left on the hook under new rules
Greater personal accountability may prompt executives to shun financial services roles
03/26/2018
How Pilatus banker Ali Sadr Hasheminejad played hide-and-seek with the Americans
Ali Sadr Hasheminejad regularly travelled to the United States from Malta. But an investigation into the circumvention of Iran sanctions finally caught up with him, less than a year since his private bank was plunged into a national scandal. We trace the
03/23/2018
The Bahamas’ Expects Removal from the EU List of Non-Cooperative Jurisdictions for Tax Purposes
The deadline for full compliance with the COCG criteria is December 2018.
03/23/2018
Staying afloat in a sea of regulatory change: priorities for 2018 - TMF
A key lesson from CRS early adopters is that FATCA and CRS are still being confused and interpreted as part of the same legislative piece, while they are two different requirements.
03/23/2018
Shell company frontmen face jail in crackdown on dirty money in property
The spotlight has fallen on Russian ownership of London property in the wake of the nerve agent attack in Salisbury.
03/23/2018
OECD issues interim report on tax challenges arising from digitalization
There is no consensus agreement among countries over the tax implications of scale without mass and a greater reliance on intangibles.
03/23/2018
Getting Restructuring Recognised in Jersey
High street names are in the headlines on an almost daily basis and insolvency practitioners in the UK are increasingly seeing themselves advising or appointed over businesses that span jurisdictions and aren’t just limited to the confines of the UK
03/23/2018
Appleby Mauritius wins 'Finance Deal of the Year' at Asia Legal Awards 2018
The Appleby Mauritius & Seychelles teams were led by Malcolm Moller and Counsel, Anjana Ramburuth.
03/22/2018
Malta bank chief held in US over Iran links
Company had been under scrutiny by murdered journalist Daphne Caruana Galizia
03/22/2018
Spy Scandal Due to Swiss Private Bank J. Safra Sarasin?
The trio are accused of handing over confidential client data to German officials – which they deny. If convicted, they face sentences of up to three years in jail.
03/22/2018
Warranty removed in update of Guernsey’s Private Investment Fund
The warranty has been replaced with a declaration, which places a lesser burden on the licensed manager.