12/20/2016
Thailand Frees Swiss Key Witness in 1MDB Case
The Swiss citizen has now been freed by Thailand and will be able to spend Christmas in his home tome of Geneva.
Legal,Regulation,Tax & Compliance
12/20/2016
Israeli diamond billionaire arrested in bribery investigation
His house arrest will last until early January, and prevents him from going near his offices.
12/20/2016
New York hedge fund charged with $1 billion fraud
Investors were repeatedly presented a false picture of the performance of the Platinum funds
12/20/2016
Greater transparency tops wealth manager’s challenges in 2017
The information exchange will not be standardised among territories, but depends on agreements signed by between two nations individually.
12/19/2016
Court of Appeal clarifies scope of potential liability under the Misrepresentation Act 1967
The Court of Appeal held that the publication of an investor presentation in a way that actively invites investors to make use of its contents for a purpose other than the presentation's original purpose could create sufficient proximity to give rise
12/19/2016
Arsenal star has house seized in Spain amid tax investigation
Last month, Sanchez’s agent released a statement which denied all allegations.
12/19/2016
Swiss push to unfreeze Egyptian assets
Switzerland was the first country to freeze funds related to the Mubarak clan and his entourage when the former president stood down.
12/19/2016
Ireland to accuse European Commission of exceeding powers in Apple tax dispute
Ireland is appealing against the order to recoup 13 billion euros
12/19/2016
China central bank to count off-balance sheet wealth management products in assessing banks' risk
The leaders also said it would keep monetary policy prudent and neutral in 2017.
12/16/2016
UK Regulation round-up December 2016
Regulation round-up is our monthly email to all regulated firms, updating you on the latest news that affects your sector.
12/16/2016
Ex-BSI banker becomes 2nd person convicted in Singapore's 1MDB probe
Prosecutors asked for a two-week jail sentence.
12/16/2016
Turning tax policy into reality – Global tax transparency goes live
Achim Pross, Philip Kerfs, Paul Hondius of the OECD and Radhanath Housden of the Global Forum take stock of the progress made so far on offshore tax evasion
12/16/2016
Italy to target non-doms with new tax regime
The regime is available for up to 15 years, unless the individual fails to pay the charges.
12/15/2016
High Court dismisses mis-selling claim and clarifies standard of care required of financial advisors
In O'Hare v Coutts, the High Court dismissed a claim alleging that the defendant, a private bank, breached duties in contract and tort to use reasonable care and skill when recommending five investments that the claimants entered in 2007, 2008 and 20
12/15/2016
This Christmas, give your loved ones a gift without the surprise tax bill
So what are the rules upon gifts?
12/15/2016
Another blacklist, another hit list
What this faction wants is high taxes and, more importantly, tax harmonization.
12/15/2016
Monaco strengthens international tax co-operation – ratifies the Convention on Mutual Administrative Assistance in Tax Matters
The Convention will enter into force for Monaco on 1 April 2017.
12/15/2016
HMRC claws back celebrities' tax profit on empty data centres
Project backers Harcourt Capital said it expected its first tenants soon.
12/14/2016
Founder and Staff of Alan L. Goldberg, CPA Join EisnerAmper
Led by founder Alan Goldberg, who joins the firm as a partner, the team of nine professionals will support and extend the capabilities and scope of the firm’s Personal Wealth Advisory practice.
12/14/2016
Trio of banks hit back at €485 million rate rigging fine
However, responding to the fines, the three banks have said they did nothing wrong with Credit Agricole declaring that it would appeal the decision while the other two are still considering an appeal.