Managers of Wealth

Mauritius Rejects 'Tax Haven' Label

Mauritius is committed to the early implementation of the Common Reporting Standard on the automatic exchange of financial account information, as developed by the OECD.

Law Firms’ Accounts Pose Money-Laundering Risk

Hundreds of millions of dollars allegedly siphoned from Malaysian state fund 1MDB passed through firms’ pooled accounts in U.S., prosecutors say

Panama, how it shook Labour to its core, leaving it bruised but not crushed

The Panama Papers are an indelible stain on Labour’s desultory governance record.

Mauritius: Fiscal incentives on new licences

As mentioned in the Circular Letters, the licensee shall have physical office, minimum number of employees resident in Mauritius and minimum annual operating expenditure in Mauritius/assets under management as specified below.

Zurich Cantonal Bank agrees to pay €5.7 million fine

The bank’s international push for growth has led to other problems, most notably a criminal investigation in the United States into allegations that the bank helped US citizens evade taxes.

The arrests of 6 Platinum Partners executives aren't much consolation for their alleged victims

All six Platinum executives pleaded not guilty and an attorney for Shulse told Reuters he plans to do the same

How India and Indonesia are chasing tax revenue

Hunt for hidden assets to fund infrastructure investment and wealth distribution

Greedy rich use tax havens to hide wealth

The information reveals previously unknown or little-reported connections to companies owned or run by current or former politicians from the Americas, Africa, Europe, Asia and the Middle East.

Increasing Blockchain Patents May Soon Hamper Innovation

Increasing cryptocurrency patent applications may soon lead to patent wars, hampering innovation in the sector.

We’re no tax haven’

There is no way even the most unenlightened person can say that Barbados is a tax haven, but you have these organisations that criticise us and will not say ‘boo’ about America where there are some states there which practise [such activity].

OECD releases additional guidance on Action 4 of the BEPS Action Plan to curb international tax avoidance

The updated report considers how these rules may be designed, and includes a summary of selected rules currently applied by countries

Herbert Smith Freehills - Financial regulation update

Directive on countering money laundering by criminal law

It’s time to think about moving that spare billion dollars you’ve got stashed in a Caribbean tax haven

But an amendment to the UK parliament’s Criminal Finances bill tabled on Dec. 20 is aiming to change all that.

Swiss Raiffeisen group pays no penalty in talks with U.S. DOJ

As one of the Swiss financial institutions that had not committed any offenses under U.S. tax law.

Goldman to pay $120m to resolve benchmark manipulation probe

The settlement is the latest in a series of related cases

Greek publisher faces criminal charges of tax evasion and money-laundering

The audit revealed discrepancies in assets and declared income amounting to roughly 45 million euros.

United States Sues Barclays Bank

The detailed allegations in the complaint describe Barclays’, Menefee’s, and Carroll’s misconduct in connection with RMBS securitizations Barclays underwrote between 2005 and 2007.

Regulating ETFs: the watchlist

Funds have drawn serious interest from US regulators, but the next steps are unclear

Why Corporate Tax Avoidance Must Be Stopped

Tax evasion is illegal; it can encompass a number of methods

Appleby run fun Social Media campaign: "Jersey cows on the moove"

Appleby have designed a fun social media campaign to share the toy cow’s progress around the globe

Legal,Regulation,Tax & Compliance