12/12/2016
SEC Awards Nearly $1 Million to Whistleblower
SEC protects the confidentiality of whistleblowers and does not disclose information that might directly or indirectly reveal a whistleblower’s identity
Legal,Regulation,Tax & Compliance
12/12/2016
Do you feel prepared for exchange of information?
This exchange of information will be repeated every year, with a further 47 countries starting to collect data in 2017
12/12/2016
The IRS Wealth Squad: The Super-rich's Worst Nightmare
Since 2010, the IRS has unleashed a team of tax collectors that, officially, is named the Global High-Wealth Industry group.
12/12/2016
UK Accused of Erecting Brick Wall Over Tax Havens, Laundering, Corruption
According to data released through the Panama Papers, over half of the 200,000 and more companies managed by the legal firm in Panama, Mossack Fonseca, were registered in the British Virgin Islands alone.
12/12/2016
Ex-Swiss banker goes home after U.S. loses extradition from Germany
By German court order, he was officially released on Friday after the U.S. request to extradite him was denied.
12/12/2016
Double Taxation Agreement Between Switzerland And Oman
Switzerland also has similar agreements with Kuwait, Qatar and UAE.
12/12/2016
Noose tightens on tax havens in global crackdown
The goal should be to make the Bahamas "the Monaco of the Caribbean", says Ryan Pinder, former minister of financial services on the islands.
12/12/2016
UAE banks warn customers on new international tax compliance measures
The measures will make it more difficult for people to avoid paying taxes and will start taking effect next month.
12/09/2016
New inheritance tax rules to impact non-domiciles holding UK property through offshore companies and trusts - Harneys
As we have previously advised the new legislation will have practical implications for those who purchase, hold or sell UK residential property through offshore structures.
12/09/2016
German regulators are investigating whether Porsche may have been involved in Volkswagen's emissions scandal
The news follows reports last month that the U.S. Environmental Protection Agency and California regulators had opened investigations into similar allegations involving VW luxury-car subsidiary Audi.
12/08/2016
Verdict expected in French budget minister's tax scandal
The scandal fueled public mistrust of traditional politicians and demands for more transparency
12/08/2016
10 Reasons To Use Offshore Bonds for UK Resident Non Domicile Clients
Long term UK residents, those who become deemed domiciled having spent 15 out of the last 20 years with UK residence, will lose the ability to claim the remittance basis.
12/08/2016
HMRC chief calls for tax crackdown on Premier League footballers
Jon Thompson tells MPs that offshore image rights payments are most significant tax avoidance issue in football
12/08/2016
HMRC investigating 43 football players over tax arrangements
The tax body was investigating 43 football players over their use of offshore image rights companies
12/08/2016
France's honest tax system crusader convicted for hiding millions of euros
Jérôme Cahuzac, appointed by Hollande to lead clampdown on wealthy avoiders, hid cash in a secret Swiss account for 20 years
12/08/2016
Whistleblowers need greater legal protection
The overriding theme is clear - times are difficult, mistakes have been made and businesses and individuals have a duty to do the right thing.
12/07/2016
FINRA Fines Credit Suisse Securities (USA) LLC $16.5 Million for Significant Deficiencies in its Anti-Money Laundering Program
A significant portion of the data feeds into the system were missing information or had other issues that compromised the system’s effectiveness.
12/07/2016
NY Court of Appeals Finds Personal Jurisdiction Based on Use of NY Correspondent Bank Accounts
Courts and practitioners may have to reconsider their assumptions about personal jurisdiction in future cases.
12/07/2016
Charities fined over 'wealth screening' data breaches
The ICO said the two charities had employed wealth management companies to analyse the financial status of supporters.
12/07/2016
Abu Dhabi Death Knell for Najib & Co: 'We are committed to bringing him to justice' - UAE Royals refuse to let Khadem Al- Qubaisi off
He is also believed to have run a lucrative embezzlement and money-laundering racket which brought millions to his personal account