09/29/2016
SEC says UBS to pay $15 million over sales practices
UBS's notes were designed to offer attractive yields with a lessened risk of loss
Legal,Regulation,Tax & Compliance
09/29/2016
SEC Adopts Rules for Enhanced Regulatory Framework for Securities Clearing Agencies
The Commission also voted to propose to apply the enhanced standards established by the new rules to other categories of securities clearing agencies, including all SEC-registered central counterparties.
09/28/2016
Highly Qualified Persons Rules
The purpose of these rules is to attract foreign expertise and senior professionals to Malta.
09/28/2016
Swiss Central Banker: Blockchain Turning Finance 'On Its Head'
In addition to being president of the central bank, Jordan is on the board of directors of the Bank for International Settlements in Basel and the governor of the International Monetary Fund for Switzerland.
09/28/2016
Paying Taxes 2016: The Global Picture
Paying Taxes 2016, a joint effort of the World Bank Group and PwC, looks at tax regimes in 189 economies and provides an unrivalled global database.
09/28/2016
Financial inclusion: guidance on the regulation and supervision of institutions published by the Basel Committee
The Guidance published today identifies 19 of the total 29 Basel Core Principles where additional guidance is needed in the application of the Core Principles to the supervision of financial institutions engaged in serving the financially unserved and und
09/28/2016
RSM UK predicts future tax trends by George Bull
A new OECD report “Tax Policy Reforms in the OECD” reviews the tax reforms which were announced, legislated or implemented by OECD member states during 2015.
09/27/2016
Hedge Funds Take Another Punch to Gut
Brevan Howard Asset Management LLP To Charge 0% Fees, and Perry Capital LLC To Shut Down
09/27/2016
FINRA Fines UBS Financial Services for Failing to Provide Fund Sales Charge Waivers for Eligible Customers
If these conditions are satisfied, the mutual fund waives the front-end sales charge.
09/27/2016
Obeid family loses multimillion-dollar lawsuit against ICAC
The court will hold a separate hearing in February on legal costs, which are understood to be in the order of $5 million.
09/27/2016
Panama papers: investigative journalists discuss their work in Parliament
The release of the so-called Panama papers in April reignited the debate on tax evasion
09/27/2016
Global money laundering group urges Singapore to step up its efforts
The executive summary of the task force's report did not mention 1MDB.
09/27/2016
Jersey introduces virtual currency regulation
The new regime, developed by Digital Jersey, the States of Jersey, the JFSC and Jersey Finance as part of Jersey’s Digital Policy Framework, came into effect on Monday.
09/27/2016
Switzerland confirms its commitment towards greater tax transparency
Switzerland is committed to implement automatic exchange of financial account information in time to commence exchanges in 2018
09/27/2016
Malta taxation on income and gains derived from intellectual property
As an international financial services centre, Malta provides for various fiscal incentives both to Malta companies and also to their shareholders. This makes Malta a very tax efficient jurisdiction where to set up companies to hold intellectual property
09/27/2016
Malta’s Refundable Tax Credit System
No tax is refunded which represents tax paid on profits which would have been allocated to the UA, IPA or FTA.
09/26/2016
India Court Issues Warrant for Malaysia Billionaire
Investigators told the court they were seeking arrest warrants as the men couldn’t be served summons issued by the court.
09/26/2016
Flaunting her family's wealth on social media - as her dad faces fraud charges after his company collapsed owing $30million in tax
Queensland Police confirmed they were investigating a number of fraud complaints referred by the Queensland Building and Construction Commission.
09/26/2016
Former IMF head on trial over bankers’ luxury sprees
They are accused of having paid for personal expenses with credit cards put at their disposal by both banks, without ever justifying them or declaring them to tax authorities.
09/26/2016
France asks Switzerland to hand over 45,000 UBS accounts
UBS denies the accusations, arguing that its involvement in such financial operations has not been proven.