04/05/2017
Press Eject: How to Remove Troublesome Trustees
The role of trustees, often professionals charging significant fees, is often not understood and is frequently undesired.
Legal,Regulation,Tax & Compliance
04/05/2017
Multi-millionaire city superwoman and mother-of-six Nicola Horlick is sued over missing £250,000
The funds had not arrived, we will be instructing our lawyers.
04/05/2017
Candy brothers accused of calculated tax evasion as court case draws to a close
His allegations of economic duress and vague misrepresentations are typical of those which are seen by County Court judges every day and invariably fail.
04/05/2017
Anniversary of scandal that brought down Icelandic government
The opposition demanded the government should step down.
04/05/2017
A fiduciary rule wealth managers can get behind
Because the Labor Department's rule is badly constructed policy.
04/05/2017
New Gibraltar Deposit Guarantee Scheme Website
The Deposit Guarantee Scheme is administered by the Gibraltar Financial Services Resolution and Compensation Committee and is funded by the Credit Institutions covered by the scheme.
04/05/2017
In tax evasion hunt, Australia finds scores of Swiss accounts still active
Out of that, Australia has already identified more than 340 and is still making inquiries to expose the remainder.
04/04/2017
UK wealth managers refused FCA opt out from Mifid taping rule
It confirmed the same flexibility would not stretch to larger regulated investment firms.
04/04/2017
Valartis Group divests minority participation in Algeria
The 2016 Valartis Group consolidated financial statements, in accordance with International Financial Reporting Standards
04/04/2017
Finma Says Money-Laundering Cases Rise
The biggest case keeping Finma occupied last year? Undoubtedly 1MDB, a billion-dollar corruption scheme originating in Malaysia.
04/04/2017
Trump favours modest tax changes, says Blackstone president
He does not think the proposals for eliminating the tax deductibility of corporate debt which would increase the private equity industry's tax bill will make the cut.
04/04/2017
Regtech: Disrupting Client Engagement
This shared theme of disruption is key, as Regtech solutions should aim to do more than simply digitise existing manual compliance processes
04/03/2017
German Authorities Launch Investigation Against Jacob Safra
The investigation into the claim by the state attorney of Cologne came in connection with the compensation probe filed by Erwin Mueller
04/03/2017
Law firm at heart of Panama Papers now a shadow of its former self
Panamanian prosecutors are investigating the Panama Papers, although no one has been convicted yet.
04/03/2017
India steps up black money hunt; seeks Swiss details of over 10 persons
Under its local rules, Switzerland provides a final chance to the concerned persons and entities before sharing the information about suspected cases of tax crimes with any foreign jurisdiction.
04/03/2017
Credit Suisse is touting zero tolerance on tax evasion in newspaper ads after office raids
None of the assets seized came from Credit Suisse.
04/03/2017
Do Swiss banks, teachers and Geneva have an image problem?
Are teachers in Swiss schools too Swiss?
04/03/2017
Banks Snubbing Belgian Diamond Trade: AWDC
The banks’ rationale is that the diamond trade carries a high risk, the AWDC said.
04/03/2017
HSBC’s new compliance rules require clients to provide more account information
Increased information disclosure is part of bank’s rigorous compliance plan to meet enhanced anti-money-laundering requirements in the US and Europe
04/03/2017
CIBC Bid For PrivateBancorp: A Very Bad Deal For CIBC Shareholders
Canadian Imperial Bank of Commerce is correctly valued by the market (its intrinsic vale is equal to its market value).