05/23/2022
G7 countries cost the world $115 billion in lost tax – African finance ministers call for a UN tax convention
Three G7 countries ranked among the top 10, with the US in 1st, Japan in 6th and Germany in 7th.7
05/20/2022
We have found the Guernsey PIF rules to be well suited for structures to manage multi-generational family wealth
05/19/2022
Protecting the perimeter: The rise of external fraud
05/18/2022
“It is clear that the United Arab Emirates facilitates money laundering at a grand scale. This is highly damaging to the EU and cannot be tolerated.”
05/17/2022
New principles for charitable trustees exercising their powers of investment
The case was brought by the trustees of two charities – the Ashden Trust and the Mark Leonard Trust – whose principal purposes are environmental protection and improvement and the relief of poverty.
05/17/2022
US tops financial secrecy ranking as G7 countries upend global progress on transparency
The G7 countries’ undermining of global transparency has further fuelled calls by leading economists for a UN tax convention
05/17/2022
CHF 4bn IAM receives Finma licence and looks for new WMs
The company added that it is well positioned to play an active role in the industry’s consolidation.
05/16/2022
Settlement funds will be used to boost compliance at bank
05/16/2022
In 2020, the verdict was upheld by an appeals court, and was again by the Swiss Federal Court, dismissing an argument that the lower appeals court did not correctly conduct the proceedings.
05/13/2022
Since April 7, 2.2 billion francs had been newly reported while 3.4 billion francs blocked as a precaution, have been released.
05/13/2022
It dismissed his argument that the lower court had conducted proceedings in an inadmissible manner.
05/13/2022
The new amendments have been acted to address objections from the European Commission
05/10/2022
One official working on British sanctions policy told The Independent that the UK’s tax system, and specifically “ghost doms” and non-doms, “severely limited” their ability to track and trace individuals’ income streams
05/10/2022
MONEYVAL rebuked governments across Europe for failing to combat money laundering or police lawyers, accountants and other professionals who facilitate financial crime.
05/10/2022
The accusers maintain that Ivanishvili is a Georgian and French citizen and has no connection to any sanctions person or organization.
05/10/2022
The bank granted Gupta additional time by postponing hearings but has now broken off talks, which will lead to the commencing of insolvency hearings.
05/09/2022
Swiss Press Freedom Takes Back Seat to Banking Secrecy
The rules were an addition to Article 47 of the Swiss Banking Act which punished violations of banking secrecy with up to three years in prison and a fine.
05/09/2022
Revealed: Barclays avoids almost £2bn in tax via Luxembourg scheme
Arrangement has allowed bank to earn billions of pounds nearly tax-free for over 12 years
05/09/2022
Bernie Ecclestone provided $10 million guarantee for gold deal
05/09/2022
Guernsey is introducing legislation to regulate the charitable sector.