06/23/2014
The Commission’s objective has been to apply international standards in a way that is consistent with neighbouring territories, and the money laundering and terrorist financing risk present in Jersey.
06/23/2014
MS Management Services, a Luxembourg-based subsidiary of the Maitland group, has been authorised by the CSSF to act as an alternative investment fund manager
06/20/2014
If they knew about the practice and did not stop it, they could be criminally responsible for the alleged fraud.
06/20/2014
The bankers encouraged them to open undeclared accounts in Switzerland, according to a report last month in the magazine M... Belgique, which didn’t say where it got the information.
06/20/2014
This means that with immediate effect Ogier Fiduciary Services and Ogier are two independent businesses.
06/20/2014
Switzerland's central bank has urged UBS and Credit Suisse to further improve their capital strength, even after good progress made in recent years, due to the "substantial" risks still faced from economic and legal issues.
06/20/2014
In our first article, the recent tensions in Ukraine have prompted us to consider the implications of financial sanctions for lenders on their existing facilities and documentation.
06/20/2014
On 18 June the US Internal Revenue Service (IRS) announced major changes to its offshore voluntary compliance programs, resulting in new guidance for both taxpayers overseas and those residing in the US.
06/19/2014
Americans living abroad and certain others who can now come within the IRS Streamlined Program.
06/19/2014
BNY Mellon, a global leader in investment management and investment services, has launched MyOnCore, an online portal that offers transparency and oversight to investment managers that have outsourced their middle-office operations.
06/19/2014
French President and Co-Prince of Andorra François Hollande praised the Andorran Government's decision to open up the nation's economy and reform the tax system in the wake of the financial crisis during a recent visit to the Principality
06/19/2014
The information was secured under a landmark deal on undeclared Swiss bank accounts held by UK residents, which entered into force in January 2013.
06/18/2014
An expected resolution to the US tax evasion probe into Swiss banks will likely be a catalyst for consolidation in the country's private banking industry.
06/18/2014
‘More families will be hit by IHT’ - St James’s Place Wealth Management
Advisers need to tell clients to plan early and make use of the many opportunities to help Britons mitigate inheritance tax liability, Tony Mudd has said.
06/16/2014
Firms failed to ensure financial promotions were fair and not misleading.
06/16/2014
On 5th June, the United States Department of Justice (DOJ) extended some information reporting deadlines for Swiss credit institutions that have sought to participate in its tax regularisation programme to secure a non-prosecution agreement.
06/13/2014
The money is supposed to have been made from “retrocommissions”
06/12/2014
Geneva’s French Ties Fray as Banks Tell Clients to Come Clean
For more than a century, the Swiss city of Geneva has provided wealthy French families with a convenient and safe place to stash their money.
06/12/2014
Jersey to introduce attractive new measures to its company offering
Jersey is introducing further innovations to its Companies Law, making the jurisdiction even more attractive for those who use Jersey companies for investment structuring, asset holding and a wide variety of other purposes.
06/12/2014
UBS shares fell on Thursday following a research report which said the Swiss bank could have to pay $8 billion in fines and settlements relating to alleged collusion and price-manipulation in the global currency market.