04/20/2016
Spain probes list of Swiss bank accounts provided by Germany
Germany’s North Rhine-Westphalia state said last week it gave Spain and more than 20 other European nations the list of people and companies.
Legal,Regulation,Tax & Compliance
04/19/2016
ABN AMRO Surfaces in Panama Papers with Controversial Loans
Trouw and Financieele Dagblad are the two Dutch newspapers involved in the investigation into the Panama Papers
04/19/2016
For Deutsche Bank, Justice Delayed
Mr. Noll had said prosecutors had failed to prove the allegations against the five men
04/19/2016
Ogier’s Luxembourg team ‘punches above its weight’ according to latest industry analysis
The Luxembourg team, which was established in 2012 and is the only office of a Channel Island law firm in the City, has a ‘very commercial and client-oriented approach’, Legal 500 notes in its 2016 rankings for Europe, Middle East and Africa.
04/18/2016
Concrete actions needed to advance global tax transparency, OECD says
The international community should call time on all remaining holdouts who have yet to implement internationally agreed tax transparency standards, OECD Secretary-General Angel Gurría said in a new report to the G20.
04/18/2016
Panama Papers leak will have negative impact on expat banking options
The banks in the main offshore centres are extremely nervous of taking on any clients who are not resident in their jurisdiction.
04/15/2016
Money Trail - The Route Of ‘Cash the King’
The first reaction of Najib was to deny but later he admitted to having this money in his secret personal account.
04/15/2016
Swiss banking whistleblower claims the CIA behind the Panama Papers
Bradley Birkenfeld, who served 30 months in prison, but received more than $100 million for US tax authorities revealed the extent of tax fraud at the heart of the Swiss banking industry in 2008.
04/15/2016
Billionaire Prokhorov's Onexim Being Checked by Tax Service
Onexim’s main building in Moscow was being searched by the enforcement officials, though the reason isn’t clear, an Onexim representative said by the phone, asking not to be identified because of corporate policy.
04/15/2016
Fraud and Asset Tracing in the British Virgin Islands - What You Need to Know - Harneys
With more than 500,000 active entities and unrivalled assets held (by value), the British Virgin Islands leads as the global domicile of companies.
04/15/2016
Why Offshore? A lesson from David (and Ian) Cameron
This post was originally published on The Offshore Funds Blog, which aims to demystify hedge funds. Click here to subscribe to the blog or read the original post.
04/15/2016
AIMA adds voice to those defending offshore funds - Harneys
This post was originally published on The Offshore Funds Blog, which aims to demystify hedge funds. Click here to subscribe to the blog or read the original post.
04/15/2016
Credit Suisse Faces Penalty in Japan for Leaking Information
Credit Suisse Group AG faces punishment in Japan after the nation’s securities watchdog found that it leaked private information about a company.
04/14/2016
Mourant Ozannes named Firm of the Year for Jersey at the 3rd Annual Who's Who Legal Awards
Firms with the most nominees who have received the most votes from those canvassed for their opinion are named winners in each category.
04/14/2016
FCA bans former RBS Libor submitter
This sets out the FCA’s finding that Mr Hussein is not a fit and proper person and its decision to prohibit him from any role in regulated financial services.
04/14/2016
Tax administrations meet on "Panama Papers"
Participants from a number of countries - including members of the OECD and the G20 - exchanged views on the Panama Papers and explored mechanisms for co-operation.
04/14/2016
HSBC risks losing US banking licence as pressure mounts over Panama Papers probe
That could lead to any fines being paid to American authorities and HSBC could even lose its right to operate in the country.
04/14/2016
Hong Kong and Singapore funnel wealth into tax havens
The granddaughter of China’s then fourth-ranked politician was among dozens named in a vast cache of documents leaked from the Panama law firm that have given a glimpse into how the rich and powerful hide their money.
04/14/2016
Germany forwards Swiss bank account data to 27 countries for tax checks
We are facing an outright tax evasion industry
04/13/2016
Swiss authorities expand criminal investigations into Malaysia’s 1MDB
The inquiry has so far shown that about $4 billion appeared to have been misappropriated from Malaysian state companies, Attorney General Michael Lauber said in January.