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.
Legal,Regulation,Tax & Compliance
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.
04/13/2016
Tax evasion - is a criminal offence for companies the answer? by George Bull
This week, the Prime Minister announced that the Government is bringing forward plans to introduce a criminal offence for corporations that fail to stop their staff facilitating tax evasion. So will this be an effective measure or is it a knee-jerk reacti
04/13/2016
Basel III: Proposed Revisions to the Leverage Ratio - Field Fisher
The Basel Committee on Banking Supervision (the "Committee") has recently issued proposed revisions to the leverage ratio framework building on and amending standards issued in January 2014.
04/13/2016
Tamper with tax havens at your peril
Global financial centres facilitate trade, investment and economic growth, writes Richard Hay
04/13/2016
RBC's Taft: Read the Fine Print Before Deciding Who Wins with Fiduciary
Six years in the making and the target of furious inside-the-beltway politicking, the rule will have dramatic and lasting impact on how Americans save for retirement for years to come.
04/13/2016
Major brokers JLT, Willis in $40 million settlement
In a statement to the London Stock Exchange, JLT said that the two parties had reached a settlement as their case was due to be heard in the High Court this month.
04/12/2016
Norway's Wealth Fund Faces Demonstration Over Tax Havens
The planned demonstration follows calls last week by opposition lawmakers in Norway for the sovereign wealth fund
04/12/2016
Jersey's Chief Minister issues statement on beneficial ownership
They are required to provide accurate, up to date information on beneficial owners to the Companies’ Registry, which forms the central register of beneficial ownership.
04/12/2016
Latest issue of Intouch - Maitland
Mauritius: As easy as GBC 1,2,3
04/11/2016
My brief career as an Indian Ocean tax pirate
How easy is it to set up in one of the world’s favourite tax havens?