11/25/2014
Collas Crill announce Cayman merger
The merger creates the first and currently only law firm with offices in Singapore, the Cayman Islands, London and each of the Channel Islands.
Legal,Regulation,Tax & Compliance
11/25/2014
New trust and tax reporting obligations for UK Resident Non Doms – a Mini UK FATCA? by Withers
Under new rules, information about offshore bank accounts and non-UK structures with UK resident owners (in the case of personally held accounts) or UK resident settlors, beneficiaries and protectors (in the case of trust structures) will be provided auto
11/23/2014
Bank executives want City wrongdoers to face jail, says top funds boss
The latest of those is the foreign exchange scandal, which saw six banks fined $4.3 billion by U.S. and UK regulators last week for failing to put in place systems and controls to prevent traders from attempting to rig benchmark exchange rates.
11/23/2014
International tax avoidance – now the investment community takes action by George Bull, Baker Tilly
We recently reported on a growing number of investors becoming uncomfortable over the tax affairs of some multi-national corporations. Now it appears that following the agreement by the G20 leaders to accept OECD recommendations to tackle tax avoidance an
11/23/2014
Managing Operational Risk Under AIFMD by Tom Kirkpatrick and Colin Keane, SS&C
In a recent interview with Hedgeweek, Tom Kirkpatrick and Colin Keane discussed managing operational risk.
11/21/2014
Swiss Vote to Abolish Tax Break for Rich Threatens Status
The disinterest of diners entering Cafe du Centre on the adjacent Place du Molard is echoed in the latest poll
11/21/2014
Marrache liquidators sue Baker Tilly for £28m in bid to recoup lost client funds
The liquidators of Gibraltar firm Marrache & Co are suing the local branch of accountancy firm Baker Tilly for negligence, breach of duty, conspiracy and dishonest assistance for audit advice given prior to Marrache’s collapse in 2010.
11/21/2014
Cyprus Agrees Double Tax Pact With Iceland
Cyprus and Iceland have released the text of a new double tax agreement signed between the two nations on November 14, 2014.
11/20/2014
Switzerland takes important step to boost international cooperation against tax evasion
The Swiss decision is subject to Parliamentary approval, as well as the possibility that voters may be asked to approve the necessary laws and agreements.
11/20/2014
Rich foreigner tax perks tipped to stay
Observers believe that the sea change in voting intentions has been influenced by more vocal arguments from the “no” campaign
11/20/2014
Swiss banks asked to hand over more data in U.S. tax case
The U.S. Department of Justice has requested more information from around 40 Swiss banks taking part in a program to make amends for possibly aiding tax evasion by wealthy Americans
11/19/2014
FATCA: Cost-Overruns Come with the Territory
That is, if they haven’t faced the music already.
11/19/2014
Cyprus May No Longer Be A Tax Haven For Funds Or May It?
available to investors from the European tax haven under the bilateral tax treaty between the two countries.
11/19/2014
Banks chase trading cheats with 'fuzzy' surveillance
Older systems to catch misconduct, still in use at some firms, pick through conversations for trigger words, but they can be easily circumvented.
11/18/2014
Curbs on bankers’ fixed pay may be needed: UK’s Carney
Amid concern the current pay regime does not deter misbehaviour
11/17/2014
Credit Suisse Among Banks in Limbo Over Regulatory Waiver
Wall Street has hit an unexpected stumbling block in its efforts to move beyond government enforcement actions.
11/17/2014
Bhutto’s jewellery to remain in Switzerland
The money was allegedly deposited in Swiss banks, and accounts belonging to Bhutto and her husband were frozen following an official Pakistani request in 1997.
11/17/2014
Swiss Seek Better Image in Germany After Tax-Cheat Cases
Switzerland’s ambassador to Germany said his country is working to improve its image after years of revelations that Germans used Swiss banks to avoid taxes.
11/17/2014
HSBC Unit Charged by Belgian Prosecutors in Tax Fraud Probe
“More than 1,000 Belgian taxpayers could be affected over amounts involving several billions of dollars that were invested, managed and/or transferred between 2003 up to the present day,” prosecutors said in the statement.
11/17/2014
Worldwide: (More) Business As Usual
When it comes to new regulations, Guernsey is offering optionality to overcome 'fortress Europe', according to Fiona Le Poidevin, Chief Executive of Guernsey Finance.