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.
Legal,Regulation,Tax & Compliance
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
03/09/2018
SA spends more than Switzerland on anti-money laundering laws, says study
The South African study is based on responses from a representative sample of 59 banks, insurers and asset managers, including 17 with assets exceeding $50bn.
03/08/2018
Swiss Banking Regulator Under Fire
The government is opposed to this separation of powers.
03/08/2018
Can Regulations Temper the ICO Craze?
Regardless of the gravity of restrictions, these regulatory efforts, especially those made by major economies, appear to impact both the local and international crypto markets.
03/08/2018
Legal input “needed after blockchain”, says fintech solicitor in wake of pioneering deal
It was the first time the legal architecture had been developed to enable a business to do this new kind of deal.
03/07/2018
FG Uncovers 130,000 High Profile Tax Defaulters
Project Lighthouse is a unique project of the Federal Ministry of Finance that combines data from federal and state agencies as well as from abroad.
03/07/2018
HMRC warns offshore tax dodgers
Anyone with offshore assets is being warned to make sure they disclose them, or they could face new, tougher penalties.
03/07/2018
‘Wolf of Wall Street’ Producer to Pay $60 Million in Settlement
The complaint targeting the 2013 picture, directed by Martin Scorsese, is among more than two dozen forfeiture lawsuits filed by the U.S. against $1.7 billion assets that were allegedly acquired with money stolen from 1Malaysia Development Bhd.
03/07/2018
Hargreaves Lansdown denies charging 'rip-off' ISA fees
St James Place could not be reached for comment at the time of publication.