05/29/2016
Panama Papers May Inspire More Big Leaks, If Not Reform
In recent days, Sri Lanka, Zimbabwe and South Africa joined the growing list of countries hunting down tax evaders among citizens who own offshore accounts.
Legal,Regulation,Tax & Compliance
05/27/2016
New Swiss law to target dictators' bank accounts
The Tunisian assets are set to remain frozen until Jan 18, and the others, until February.
05/27/2016
Top management sets the tone in fight against money laundering
It said that it had highlighted "many serious risks" since 2013
05/27/2016
Liberia, America’s outpost of financial secrecy
They can also issue “bearer shares”, a legal instrument banned in most countries because of the ease with which they can be used for tax evasion and money laundering.
05/26/2016
Black money: India may sign agreements with Swiss banks during PM Modi’s Switzerland visit
Both countries have stepped up their cooperation on tax matters related to black money allegedly stashed by Indians there.
05/26/2016
Hulk Hogan, Peter Thiel, and the Future of ‘Revenge’ Lawsuits
Historically, giving a lawyer money to sue on someone else's behalf was considered illegal.
05/25/2016
US Department of Justice fires warning shot to taxpayers and financial institutions after 'Swiss Bank Program'
Through the prosecution of the banks and the Swiss Bank Program, the DOJ has collected over US$5.6 billion.
05/25/2016
FCA warns banks on use of anti-money laundering rules to close accounts
Regulator criticises banks for using rules as excuse to terminate accounts of individuals and businesses they perceive as risky
05/25/2016
Being Named in the Panama Papers Does not Mean You Broke the Law
The line between the legal and illegal establishment of offshore companies can be blurry, but it doesn’t mean it’s always wrong.
05/25/2016
BTG Pactual wants Generali indemnity over BSI's 1MDB link, source says
Singapore closed BSI's local branch on Tuesday as part of a probe into 1Malaysia Development Bhd, a Malaysian fund that was a client of the bank.
05/25/2016
French bankers try to reassure Senate over tax havens
Jacques D’Estais also said BNP was closing a branch in the Cayman Islands.
05/25/2016
Panama Papers: British-Canadian billionaire mysterious middleman in ‘corruption scheme’
U.S. officials say he “enriched himself” with $400 million (U.S.) in mark-ups and paid tens of millions of dollars in bribes to Bahraini officials, a Toronto Star/CBC investigation has found.
05/25/2016
What happens to the UK tax system if we leave Europe? by George Bull
Relax – this isn’t another doom-laden set of predictions on what might happen if the UK votes to leave the EU in the forthcoming referendum. But we thought it might be helpful to think about the big tax picture before revisiting some of the de
05/25/2016
Former Asia Global Finance Chair Sues Barclays For $2.4 Million
Pratt is suing the bank’s Asia unit for money he was allegedly owed after leaving the firm.
05/25/2016
Regulators step up pressure on Asian banks
Lisa Jucca says no bank, big or small, is immune.
05/24/2016
Rich on the Run: Swedish Hunt for Tax Evaders in Denmark Yields Millions
Despite the task group's efforts, tax evasion remains a long-standing problem for the Swedish economy.
05/24/2016
Swiss attorney general opens criminal proceedings against BSI
In a separate statement, Swiss financial watchdog FINMA said it found BSI in breach of money laundering regulations in connection with 1MDB.
05/24/2016
Laws and locations: A look at forced heirship regimes and estate planning for investments in Europe - Withers
The aim of international estate planning is to identify with trusted advisers such uncertainties and keep them to a minimum.
05/24/2016
Qatari Royal Family Settles Picasso ‘Bust of a Woman’ Suit
The artwork was for years a prized possession of Maya Widmaier Picasso
05/23/2016
Moving offshore doesn’t mean you’re avoiding tax
But what the uproar has shown is there is good and bad offshore tax avoidance.