03/19/2018
UBS: Troubles in Israel
A former UBS official helped the defendants maneuver around the tax authorities, in a series of secret meetings.
Legal,Regulation,Tax & Compliance
03/19/2018
StanChart Fined in Singapore for Money Laundering Breaches
Two units fined a total of $4.9 million by monetary authority
03/19/2018
CSSF Warnings on ICOs, Tokens and Cryptocurrencies
Investors are also encouraged to 'very carefully consider' the white paper that should accompany any ICO.
03/18/2018
Tax Challenges Arising from Digitalisation: More than 110 countries agree to work towards a consensus-based solution
The members of the OECD/G20 Inclusive Framework on BEPS will work towards a consensus-based solution by 2020, as set out in their Interim Report on the Tax Challenges Arising from Digitalisation released today.
03/16/2018
Citigroup boss paid 369 more times than average employee at the bank last year
Corbat’s annual compensation was cut six per cent to $15.5m the previous year after the bank missed financial performance targets and one-third of its voting shareholders voted against his prior pay.
03/15/2018
´Panama Papers´ law firm shuts down operations
Last August, co-founder Jurgen Mossack acknowledged the firm had closed most of its offices abroad after its damaged credibility caused business to flounder.
03/15/2018
Credit Suisse Sued by Investor Over Volatility Note That Crashed
Chahal’s complaint seeks class-action status on behalf of other buyers.
03/15/2018
UBO Register of Trusts The EU's 5th Anti-Money Laundering Directive
This article briefly sets out the changes we can expect, particularly in respect of trusts.
03/15/2018
Trusts and Protectors - A Russian Tale
Appleby Guernsey’s Dispute Resolution and Private Client & Trusts teams review this important decision and the impact in the Channel Islands.
03/15/2018
Foreign Affiliates of KPMG, Deloitte, BDO Charged in Improper Audits
The firms agreed to settle the charges by paying penalties or disgorging their profits from the audits.
03/14/2018
Former billionaire tech entrepreneur charged with 'massive fraud' by US financial authorities
Holmes Stripped of Control of Company for Defrauding Investors
03/13/2018
Americas' Private Banks: Fortune's Shifting Tides
Changes in technology, regulation and the distribution of wealth are reshaping private banking throughout the America.
03/13/2018
Game over for CRS avoidance! OECD adopts tax disclosure rules for advisors
The new rules also require the reporting of structures that hide beneficial owners of offshore assets, companies and trusts.
03/13/2018
US insurance group sues Old Mutual
The JSE-listed insurance group said the case was "in relation to pre-existing [London] head office legacy items relating to previously disposed of US assets".
03/12/2018
Donated rugby sculptures part of European fraud investigation
The sculpture LÕenjeu is one of two French sculptures that was gifted to NZ Rugby and the Canterbury Rugby Union that are currently embroiled in a fraud investigation.
03/12/2018
McMafia, tax neutrality and Compliance Officers: the Jersey funds story
Even the Queen's estate has holdings in offshore funds.
03/12/2018
Tax haven firms own Scottish property worth around £3 BILLION
Our investigation lifts the lid on the true scale of Scottish land and property held in tax havens around the world.
03/12/2018
Europe cracks down on luxury yacht tax dodge
Practices in Greece, Cyprus and Malta distort competition in the maritime sector, violate EU law “and must come to an end,” he said.
03/12/2018
UBS's Pain Will Be Hong Kong's Gain
Regulators are sending a message that they take investor protection seriously.
03/09/2018
Hong Kong Suspends UBS From IPO Sponsoring
«UBS intends to appeal the decision,» the Swiss bank said in the legal disclosure section of its annual report, which means the suspension won't enter into force yet. The SFC wasn't immediately available for comment