03/20/2017
10 biggest leaks of the past 10 years
We also spoke with security experts to get their take on some of the leaks as well.
Legal,Regulation,Tax & Compliance
03/20/2017
Credit Suisse set to decide in April on Swiss bank IPO
Credit Suisse has pencilled in the IPO for the second half of this year, market conditions permitting and subject to board approval.
03/20/2017
Wealthy scramble for EB-5 investor visas before Trump closes US gate
The US government is looking at raising the minimum investment amount to $1.35m, notes Wolfsdorf.
03/19/2017
HSBC boss on £8million-a-year is investigated by the taxman over claims he lives in the Far East
Stuart Gulliver says Hong Kong is his main home allowing him offshore tax relief
03/17/2017
Herbert Smith Freehills - Financial regulation update
FCA regulation round-up
03/17/2017
Altered Regulatory Landscape makes Family Office Location Vital
Families debating whether to set up their own single family office or use the services of an existing multi family office are narrowing their search to those jurisdictions renowned for their stability and security in financial services
03/17/2017
Turkey's Sovereign Wealth Fund focuses on partnerships
Bostan pointed out that the most fundamental problem Turkey's financial system was the excessive dominance of banks in the structure.
03/17/2017
Law Firm to Launch Disruptive Innovation
It saw an increase in revenues of over 40 percent on the prior year.
03/17/2017
Can the FCA make IPOs honest?
This in turns leaves investors at the mercy of connected analysts within banks.
03/17/2017
OECD announces further developments in international tax co-operation
It is also assisting its developing country members to ensure that they can also receive the benefits of the ongoing global move to automatic exchange of financial account information.
03/16/2017
As Brexit scaremonger UBS threatens to move 1,500 jobs out of the City, we reveal the Swiss giant's 6p UK tax rate
But many foreign banks reduce their taxes by offsetting profits against debt repayments and previous losses.
03/16/2017
Streamlined funds regime welcomed as enhancing Jersey’s competitiveness
The framework ensures continued compliance with international standards by requiring the appointment of a Jersey-based administrator.
03/16/2017
Swiss Supreme Court rules on stolen data in international tax assistance procedures
In the present case, the bank data were collected by former UBS employees in France who wanted to put an end to illegal tax practices of the bank.
03/16/2017
Labuan IBFC ideal for Asian companies shifting to new financial normal
The framework encompasses a group of countries that have pledged to implement measures aimed at preventing tax avoidance.
03/16/2017
Andorra bank seeks probe after U.S. Treasury forced closure for 'money laundering'
The USA Patriot Act, passed in response to the 9/11 attacks, gives FinCEN the power to label companies as aiding and abetting money launderers without going through a court process.
03/16/2017
JFSC launches Jersey Private Fund Guide to modernise Island’s funds regime
The launch of Jersey’s new single private fund product will see the phasing out of all other Jersey private products although existing private funds will be able to continue to operate until the end of their natural life.
03/16/2017
Van Lanschot releases annual report for 2016
The annual report also notes the impending name change of the group later in the year.
03/15/2017
Ex BSI Banker Yeo Must Wait to Face Money-Laundering Charges
The banker was convicted in December and is currently serving 30 months.
03/15/2017
Returning Brits to be taxed on worldwide income from April 2017
The big concern is for any offshore trusts or companies these individuals have set up whilst living abroad.
03/15/2017
Italy, Switzerland agree to exchange more tax information to fight evasion
The latest agreement will help Italy obtain revenues from a tax amnesty aimed at raising 1.6 billion euros ($1.70 billion) this year.