04/13/2017
Obtaining Cypriot citizenship by investment
Cyprus is at the crossroads of Europe, the Middle East and Africa, making it ideally suited for inward investment.
Legal,Regulation,Tax & Compliance
04/13/2017
Morgan Stanley Fined $1M Over FA Sales Contest
Galvin first brought charges over the sales contest in October, and at the time, Morgan Stanley said they were without merit.
04/12/2017
TISE gains recognition from German regulator, BaFin
The application to BaFin was supported by the German Investment Funds Association, BVI (Bundesverband Investment und Asset Management).
04/12/2017
Banks Behaving Badly: Wells Fargo, Barclays Show Little Has Changed
The whistleblowing mechanism at Barclays is almost irreparably broken as a result
04/12/2017
Newsletter 4/2017 - French tax authorities do not benefit from HSBC customer data stolen in Geneva
It looks as if France is so far the only country with such a committment towards Switzerland.
04/12/2017
Appleby advise PraxisIFM on its listing on The International Stock Exchange
The transaction is an excellent example of the expertise of our pragmatic, client-centric and solution driven cross jurisdictional team.
04/12/2017
UBS Must Face Trial On Whether Holding Co. Was Customer
U.S. Magistrate Judge William Matthewman, who is fielding the case without a district judge, said the facts of the case could be interpreted in favor of either UBS or Bounty Gain Enterprises Inc. The holding company has asked arbitrators with..
04/11/2017
‘Panama Papers’ project wins Pulitzer
Journalists in 80 countries worked together to investigate 11.5 million files leaked from inside Mossack Fonseca, a Panama-headquartered law firm that specialized in building offshore companies.
04/11/2017
Hong Kong regulator fines Coutts for breaching anti-money laundering rules
Has ordered Coutts Hong Kong to pay a pecuniary penalty of 7,000,000 Hong Kong Dollars.
04/11/2017
Three Brits arrested in Philippines over boiler room scam
Three British nationals allegedly involved in a investment scam have been arrested in the Philippines.
04/11/2017
Switzerland: Swiss Federal Prosecutors' Office Wants To Speed Up International Tax Assistance Procedures
The Lead Swiss Federal Prosecutor, Mr. Michael Lauber, therefore pleads for more efficiency and speed.
04/10/2017
FATCA Dubbed A Failure By Repeal Campaigners
Instead of boosting treasury revenues by the $10 billion stated by the IRS, FATCA is unlikely to have recouped more than $100 million in unpaid tax and costs far more to run than is gathered in lost tax, says Nigel Green, who is leading the campaign to re
04/10/2017
Barclays's Staley Draws U.S., U.K. Whistle-Blower Probes
Regulators review whether bank chief tried to unmask tipster
04/10/2017
FCA and PRA launch whistleblowing probe into Barclays boss Staley
The board immediately instructed an external law firm, Simmons & Simmons, to conduct a investigation into the matter
04/10/2017
Brexit is making it cheap and attractive for Asian banks to expand business in London
"Sterling getting cheaper has been an attractive draw to the Asian investor, and with Brexit, the UK may reach out to Asia more as a trading partner."
04/10/2017
Director of company that 'misused' €66m co-owns pensions advice firm
The company was liquidated in 2011 after a High Court-appointed investigation by two Central Bank inspectors found "systemic and deliberate misuse" of clients' money.
04/10/2017
France’s wealth tax riles and divides presidential candidates
Amid cries for tariffs on rich, critics say it drives entrepreneurs away
04/10/2017
Redwood Bank revs up for launch
Redwood Bank will be headquartered in Letchworth, but it will also open a northern regional office in Warrington.
04/10/2017
US$2.7 Billion of Sao Paolo Property Linked to Offshore Secret Companies
This underscores how these types of companies are used for corrupt purposes specifically because they hide who actually owns the assets.
04/10/2017
Bank of England implicated in Libor rigging scandal by secret recording
The 2008 recording adds to evidence that the central bank repeatedly pressured commercial banks to push their Libor rates down during the financial crisis.