02/28/2018
HM Treasury Advisory Notice: Money Laundering and Terrorist Financing controls in higher risk jurisdictions
Requirement to apply Enhanced Due Diligence for higher risk jurisdictions
Legal,Regulation,Tax & Compliance
02/28/2018
J.P. Morgan and Deutsche Börse partner for asset management
The two bond index ETFs enable investors to participate in the performance of euro-denominated government bonds
02/26/2018
The importance of upholding a uniform Fiduciary Standard of Care
A procedural prudence standard and a suitability standard are similar in that they both require the fiduciary to demonstrate they are acting in best interests of another.
02/26/2018
China Loosens Wealth Management Reins
To add sub-branches in China foreign banks will in future only need to obtain one approval instead of two as was previously the case, aligning the regulation with local Chinese banks.
02/26/2018
$100m fortune is worthless when you’re in a jail
Roomy Khan, who was jailed for financial crime in US, says a professional culture encouraging fraud led her to insider trading
02/26/2018
Chinese Conglomerates in Distress
This mostly happens with cryptocurrencies or with Alipay, the Chinese equivalent of Paypal.
02/23/2018
Credit Suisse in Venezuelan Scandal
The news comes as Venezuelans struggle with extreme shortages of essentials like food and medicine.
02/22/2018
Macquarie Private Wealth accused of 'pumping and dumping' Cleveland Mining stock
The allegations were made during the morning session of hearings that featured Cleveland Mining managing director David Mendalawitz, board member Glenn Simpson and private investor Brendan James.
02/22/2018
Time Running Out For Offshore Tax Dodgers
RTC has no minimum cut-off value, so all taxpayers with unpaid offshore tax need to make a disclosure.
02/22/2018
Digital currencies inquiry launched
It will examine the potential impact of distributed ledger technology – such as blockchain – on financial institutions, including the central bank, and financial infrastructure.
02/22/2018
Supreme court narrows whistleblower protections under dodd frank
The Court’s opinion in Digital Realty v. Somers[2] resolved a circuit split between the Ninth and Second Circuits, on the one hand, which had agreed with the SEC’s interpretation, and the Fifth Circuit, on the other.
02/22/2018
Appleby advises Butterfield in connection with its acquisition of Deutsche Bank's Global Trust Solutions business
It also provides us with a physical presence in Asia, which we view as a growth market for Butterfield.
02/22/2018
HSBC’s Swiss private bank faces $1.5bn fine for alleged tax evasion
The bank has set aside $604m to settle the probes and said it is cooperating with authorities.
02/21/2018
Indian police arrest sixth bank official in $1.8b fraud case
The branch is at the center of the alleged fraud involving firms tied to diamond merchants Nirav Modi
02/21/2018
How to Hide a Russian Fortune on the French Riviera
Next month, the European Union is due to review this blacklist.
02/21/2018
FCA calls for help embracing regtech
To aid regulatory reporting
02/20/2018
Nine Carey Olsen lawyers recognised by Chambers Global
Carey Olsen's Cayman Islands team was promoted in the corporate and finance category of the rankings
02/20/2018
HSBC Says Swiss Bank Tax Probe Could Cost More Than $1.5 Billion
The bank paid the French government 300 million euros ($370 million) in November to settle allegations that it helped clients hide assets from local tax authorities.
02/19/2018
Monaco resident Russian Billionaire Continues His Epic Legal Crusade Over the ‘Largest Art Fraud in History’
Rybolovlev’s latest efforts constitute something of a one-two legal punch.
02/19/2018
Switzerland and Saudi Arabia sign double-taxation agreement
The Swiss minister had arrived in Riyadh on Saturday for a four-day visit to the Middle East, accompanied by Swiss State Secretary for International Financial Matters Jörg Gasser, as well as representatives of some dozen Swiss financial institutions.