10/30/2017
Raiffeisen bank under financial regulator scrutiny
Raiffeisen has around 3.7 million clients and 955 branches in Switzerland.
Legal,Regulation,Tax & Compliance
10/30/2017
Elaborate fake gold bar sparks investigation by RBC, police
The small bar he was provided looked as if it had come from the Royal Canadian Mint, however, upon closer inspection, it was found to be a fake.
10/29/2017
Withholding tax refund rules should be expanded
In Switzerland, corporations are required to withhold tax at source on any payment of interest or dividends they make.
10/29/2017
Do You Own UK Residential Property Through An Offshore Company?
Since offshore companies are now caught by the changes to the UK tax rules, offshore company owners may wish to examine their current structures to determine whether they are tax efficient.
10/29/2017
UBS to move 250 London staff because of Brexit
Number expected to be lower than 1,000 initially feared
10/27/2017
Lawyer wakes up $25M richer after hilarious bank blunder
When NAB accidentally pays out your entire mortgage.
10/27/2017
ASIC expands network of fintech cooperation agreements to Switzerland
‘This agreement cements an already strong relationship with FINMA, and we look forward to ongoing collaboration in the fast-paced fintech environment in both countries.’
10/27/2017
Herbert Smith Freehills - Financial regulation update
FCA reforms to the Listing Regime and equity IPO process
10/27/2017
UK asset managers under pressure to boost capital buffers
Regulator wants fund houses to beef up reserves by an additional 82% on average
10/27/2017
Luxembourg Corporate - Unregulated securitisation vehicles
It shall finance its securitisation operations through the issue of securities.
10/26/2017
SEC approves the PCAOB’s new standard for audit reports
This week the SEC approved the PCAOB’s new auditor reporting standard, which makes significant changes to the nature and scope of the auditor’s required disclosures about matters specific to the particular audit.
10/26/2017
Swiss Man Admits Spying On German Tax Officials Out Of 'Patriotism' And Profit
SwitzerLand Had Been Seeking The Identities Of Three German Tax Officers
10/26/2017
Most Trusts And Estates Practices Are Sitting On Multiple Millions Of Dollars In New Revenues
The Biggest Obstacle To Great Success Is Connecting With The Wealthy.
10/26/2017
Con artist who posed as German heiress in bank scheme busted for stealing $275G
She spent the money on personal trainer sessions, hotel stays at 11 Howard in SoHo and other personal expenses, prosecutors said.
10/25/2017
UK based investment management firm selects Maitland to provide ACD and fund administration services
The fund is now over £100 million AUM and has top decile performance in its sector.
10/25/2017
Appleby refutes all allegations of wrongdoing after hacking breach
Appleby has thoroughly and vigorously investigated the allegations and we are satisfied that there is no evidence of any wrongdoing, either on the part of ourselves or our clients.
10/25/2017
Law firms are preemptively opening Bitcoin wallets to pay ransoms
Sweeney said firms must do more to enhance cyber security.
10/25/2017
Lloyds Not ‘Compelled’ By Government To Acquire HBOS
Lloyds Bought HBOS At The Height Of The Banking Crisis
10/24/2017
Isle of Man announces assessment of practice for importation of aircraft
The Isle of Man Government works closely with HMRC and holds quarterly governance meetings on a range of VAT issues.
10/24/2017
USA: How Will Tax Reform Affect HNW Real Estate Investors?
The 1031 exchanges will likely survive the tax debate