08/03/2015
Judge deals hedgie setback in $100M suit against neighbor
New York hedge fund tycoon Louis Bacon must have been on island time.
Legal,Regulation,Tax & Compliance
08/03/2015
The Global Forum releases new compliance ratings on tax transparency
The Global Forum on Transparency and Exchange of Information for Tax Purposes published new peer review reports today for 12 countries or jurisdictions, moving further ahead with its goal to implement global standards on transparency and exchange of infor
08/03/2015
Cooperating with Indian authorities on Swiss a/c probe: HSBC
Facing a probe by Indian authorities into accounts held by Indians in Switzerland, global banking giant HSBC on Monday said it is cooperating with the authorities.
08/03/2015
A Staggering $12Tn In Assets Has Been Lost To Global Offshore Industry
The definition of victory for this paper is to review and improve upon existing estimates of the size, growth and distribution of untaxed private wealth protected and serviced by the global offshore industry.
07/31/2015
UBS Donations To Clinton Foundation Upped After 2009 Swiss Deal
It might just be coincidental timing, but it sure looks bad.
07/31/2015
NewsAlert: Tackling tax evasion - new measures - July 2015
HMRC has published four consultations – all issued under their ‘offshore evasion strategy’, seeking views on new criminal offences, civil penalties and sanctions aimed at offshore tax evasion.
07/31/2015
Extension of the AIFMD Passport
The European Securities and Markets Authority delivered their advice to the Commission, Parliament and Council of the EU on the extension of Alternative Investment Fund Managers Directive passports to non-EU jurisdictions.
07/30/2015
CSIRO chief silent on tax haven
CSIRO chief executive Larry Marshall has refused to reveal the beneficiaries behind a Channel Islands trust he filled with technology company shares worth up to $7 million when they were sold in a series of off-market trades.
07/30/2015
Why do off-shore tax havens still exist?
Described by the former British cabinet minister Vince Cable as "sunny places for shady people", tax havens are much maligned.
07/28/2015
Goldman Sachs Fined $1.8 Million for Reporting Violations
It is critical that firms have the necessary systems and supervision in place to ensure compliance with their OATS and trade reporting obligations
07/28/2015
Taxation of trusts revisited by ENS Africa
The Davis Tax Committee's First Interim Report on Estate Duty was released for public comment on 13 July 2015.
07/28/2015
Leonardo Braune: Brazil’s tax reforms risk alienating HNWIs
But by bringing Brazil’s taxes in line with jurisdictions like the US and UK, the country is risking its competitive edge.
07/28/2015
Prime Minister vows to stem flow of ‘dirty money’ into London’s luxury property market
Saadi Gaddafi will have trouble buying another £10m luxury mansion in Hampstead through a faceless British Virgin Island shell company if reforms announced today by UK Prime Minister David Cameron have their desired effect.
07/28/2015
Daughter’s £164k will victory ‘consistent with law’, say experts
The appeal court granted Heather Ilott a third of her mother’s estate on the grounds that IIott had not been given ‘reasonable financial provision’ in the will.
07/27/2015
Liechtenstein Disclosure Facility To Close In December
The UK and Liechtenstein have published a Joint Declaration that provides for the early closure of the Liechtenstein Disclosure Facility.
07/27/2015
Foreign criminals use London housing market to launder billions of pounds
Corporations, usually based in offshore tax havens, are sometimes used by buyers keen to hide ownership of assets, says National Crime Agency spokesman
07/27/2015
Ex-Deutsche Bank Chief Anshu Jain Cleared of Misleading Regulators Over Libor Rigging
German regulator BaFin is continuing investigation into other matters
07/27/2015
Dearth of compliance expertise complicates Singapore's fight against unlawful money
Singapore's fight to stem illicit fund inflows has shoved private bankers into a new quandary - finding enough qualified compliance specialists to ensure the money passing through their accounts is clean.
07/24/2015
Two more Swiss banks strike deals with U.S. over tax evasion
The United States aims to reach accords with all of them by the end of 2015.
07/24/2015
Banking Family Plans to File Suit Against Andorra
The Ciercos, who had 75 percent of the equity of Banca Privada d’Andorra, or B.P.A., said in a statement that their pending lawsuit would seek damages from Andorra for the “indiscriminate and unilateral expropriation” of the bank.