05/16/2016
Hong Kong residency draws interest from China's elite
Top officials in China's Communist Party are tied to this link via relatives who have established permanent residency in Hong Kong.
Legal,Regulation,Tax & Compliance
05/16/2016
Bank blunder millionaire spent bulk of A$4.6 million on designer handbags, ‘deluxe vacuum cleaner’
A Malaysian student in Australia who mistakenly received A$4.6 million due to a banking error had allegedly spent a large amount on designer handbags, clothes and a ‘deluxe vacuum cleaner’.
05/16/2016
Rich are exploiting inheritance tax loophole
Michael Noonan, the finance minister, has been told about the extensive use of the loophole, according to documents released under the Freedom of Information Act.
05/16/2016
Listen as Nigel Griffiths struggles to explain involvement in Rangers tax avoidance scheme
THE former Labour MP denied any wrongdoing and insists it was a sting operation but has struggled to provide evidence.
05/13/2016
Heads of tax administrations take big step forward in global tax co-operation
Participants from forty-nine delegations, including international and regional tax organisations, committed to continued international co-operation in order to tackle offshore tax evasion and work towards a fairer and more transparent international tax sy
05/13/2016
JERSEY: Correspondence With The UK Chancellor
A letter to the Chancellor of the Exchequer, George Osborne MP, sent on Monday 9 May, confirmed that Jersey would actively participate, as it had done in the past, in the work on the development and assessment of compliance of the standard.
05/13/2016
Singapore charges ex-BSI banker with forgery in 1MDB-linked probe
Singapore authorities are conducting a wide-ranging money-laundering probe into bank accounts linked to 1MDB, whose activities have triggered investigations across three continents.
05/13/2016
‘No dirty money in Panama’, minister claims
The so-called Panama Papers scandal has shone light on the creation of secretive shell companies around the world.
05/13/2016
Why Jersey says it's not a tax haven
Convincing the world you're not a tax haven isn't easy.
05/13/2016
Vatican bank: now 'impossible' to launder money here
In an interview with Vatican media, de Franssu acknowledged that in the past the IOR had been subject to abuse "because you cannot serve two masters, and money is tempting."
05/13/2016
Dollars stashed in Swiss banks reverberate in Senate
Dar says highlight of renegotiated treaty is replacement of Article 26 on exchange of information with a new one; exchange of tax info to help catch tax dodgers and corrupt
05/13/2016
FCA fines and bans Towry man for insider trading
Mark Steward, Director of Enforcement and Market Oversight at the FCA said: 'There can be no let-up in tackling insider dealing and this case shows the consequences will be grave and serious ones for perpetrators, even in small cases like this one.&#
05/12/2016
UK tipped off over Swiss bank years before US exposed tax fraud
The banking secrecy techniques revealed in internal BSI documents seen by the FT offer the latest glimpse of how bankers in the City have helped clients move money around the world incognito.
05/12/2016
Beneficial ownership: the good, the bad, and the geeky
Discussions quietly began the over how Jersey might introduce a public register.
05/12/2016
Emma Watson: Illustrating the Difference Between in the Public Interest and What Interests the Public
The Panama Papers that were released on Monday didn't appear to have the ammunition they had threatened.
05/12/2016
Anti-corruption summit: the economic and moral case for tax havens
It follows last month’s leak of millions of the so-called Panama Papers from law firm, Mossack Fonseca.
05/12/2016
UK tipped off over Swiss bank years before US exposed tax fraud
The banking secrecy techniques revealed in internal BSI documents seen by the FT offer the latest glimpse of how bankers in the City have helped clients move money around the world incognito.
05/12/2016
Family offices, captives, trusts and Bermuda by Ashley Fife, Appleby
Bermuda captives are increasingly insuring reputational, regulatory, credit, terrorism, mergers and acquisitions, environmental, satellite technology, political and cyber security risks and funding employee benefits.
05/11/2016
Panama Papers: Emma Watson named in latest offshore data release
Offshore companies do not publish these shareholder details.
05/11/2016
Zurich Supreme Court confirms data transfer blocking in favour of bank employee
The court considered that the bank employee would fear criminal investigations in the United States once his identity became known, severely endangering the employee.