10/11/2017
New AML regulations come into force
The adoption of the AML Regulations is part of the update of the Cayman Islands anti-money laundering regime following on from the updated Proceeds of Crime Law which took effect earlier this year.
Legal,Regulation,Tax & Compliance
10/11/2017
Herbert Smith Freehills - Financial regulation update
ECON approves Commission proposal to amend BRRD
10/11/2017
A spotter’s guide to tax-evaders Mike Down and Sarah Saunders
A recent HMRC survey of tax-evading SMEs has shed light on their motivations and methods. It also points to some possible deterrents.
10/11/2017
UBS Suffers Setback in Bid to Thwart French Tax Evasion Case
It could have been in a position to thwart the process.
10/11/2017
Russian oligarch had ‘sham’ offshore trusts, UK High Court rules
Former ‘Kremlin banker’ sheltered wealth in New Zealand with intention to mislead, says judge
10/11/2017
Presenting the Fall 2017 Fiscal Monitor: Tackling Inequality
The composition of spending is expected to improve with consolidation relying less on cutting capital spending and more on controlling current spending.
10/11/2017
British Film Financier ‘Demands Return Of US$45 Million Investment’
It shows the damage done to a Hollywood brand that for years was able to compete on equal terms with the major studios, winning the Oscar for best picture five times in 16 years.
10/10/2017
Herbert Smith Freehills - Financial regulation update
MiFID II: Updated transposition status
10/10/2017
FCA drops probe into former Barclays executive
It is common practice for the FCA ban individuals with a fraud convictions from holding regulated positions within the City.
10/10/2017
Private Bankers Seeking Break From Swiss Crisis-Era Rules
Regulator plans to relax rules for small Swiss banks
10/10/2017
Dubai International Financial Centre Issues New Trust Law and Foundation Law for Public Consultation
The recommendations also include the establishment of DIFC’s Family Business Centre, which will support and service regional and international family offices looking to relocate their private wealth and succession planning structures to the Centre.
10/09/2017
French wealth tax amendment to cover cars, jewellery and yachts
The idea was to make the country more attractive to wealthy investors.
10/09/2017
EU raids Polish and Dutch banking groups over fintech access
Brussels fears lenders are blocking challengers’ access to data on customers
10/09/2017
Former Conservative party treasurer wins Luxembourg bank case
David Rowland faced claims he had promised an option on bank stake while on board yacht
10/08/2017
Money launderers remain ahead of authorities by using 'sophisticated methods', US expert says
Mr Cassara said the recent case of the Commonwealth Bank just proved how exposed Australia was to sophisticated money laundering gangs.
10/08/2017
Emmanuel Macron to introduce new tax on expensive jewellery, supercars and luxury yachts
Lawmakers to propose amendments after critics attack the President’s move to scrap wealth tax
10/06/2017
Credit Suisse's Zombie Billion Fight Nears End
It is Credit Suisse which is seeking more than $1.2 billion from the vestiges of Lehman.
10/06/2017
Mourant Ozannes advises on hostile takeover
Mourant Ozannes Partner John Rochester led the team advising Pallinghurst, assisted by Counsel Alex Davies and Associate Alana Nisbet.
10/06/2017
Olympics official had 16 gold bars hiddedn in swiss bank, is arrested Amid alleged vote-buying scheme
It's not particularly shocking that the 2016 Olympics have been tainted by corruption charges.
10/06/2017
SIX Exchange Regulation opens investigation against BCGE
Other sanctions the monitoring body could impose on the cantonal bank vary from a reprimand, a fine of up to CHF 1 million in cases of negligence