02/28/2022
South Africa: Wealth declaration is not all negative
Allows government to gather better information before starting to make any tax moves.
Legal,Regulation,Tax & Compliance
02/28/2022
U.K. Plans New Law to Crack Down on Foreign Money Laundering
Law will set up registry of foreign owners of U.K. property
02/28/2022
The Swiss banking clean-up is a mirage
The impact of Swiss ‘success’ in these areas amounts to, TJN estimates, tax losses suffered by other countries of some US$21 billion a year, or enough to fully vaccinate more than a billion people against COVID.
02/28/2022
Singapore to Join «Like-Minded Countries» on Russia Sanctions
Singapore intends to act in concert with many other like-minded countries to impose appropriate sanctions and restrictions against Russia
02/25/2022
Hong Kong financial industry hails tax breaks for family offices
The budget is for Hong Kong’s fiscal year which begins on April 1.
02/25/2022
Evaluating Investment Opportunities: The Confidentiality Agreement stage and (6) key points to note.
The approach of “opting-out” of receiving personal data is often proposed in the course of negotiating the terms of an NDA.
02/25/2022
Suspect in Massive Kenyan Corruption Case Stashed Millions in Swiss Bank Account
The data was provided by an anonymous source to the German newspaper Süddeutsche Zeitung, which shared it with OCCRP and 46 other media partners around the world.
02/25/2022
Situation in Ukraine: Switzerland extends its measures
Annex 3 (Prohibition of new business relationships) is being extended in accordance with several decisions taken by the EU.
02/25/2022
The EU Commission's proposal for a directive on corporate sustainability due diligence
The Proposed Directive aims to foster the sustainable and responsible behaviour of in-scope companies operating in the European Union (the EU) throughout their global value chains.
02/24/2022
Ex-Goldman Sachs banker’s 1MDB trial to be paused on new evidence disclosure
Prosecutors reveal ‘inexcusable’ omission of 15,500 documents in second week of Roger Ng’s case
02/24/2022
Prosecutors request highest possible fine for Credit Suisse
Two Bulgarians and a Swiss banker are also on trial.
02/24/2022
Industrial and service cooperatives work to make green and digital transition inclusive for everyone – and they need more support
Transition pathways are intended to guide the green and digital transitions of EU industry, or the so-called twin transition.
02/23/2022
Banks' risk-based capital ratios remained stable and liquidity ratios improved in H1 2021
The monitoring exercises also collect bank data on Basel III's liquidity requirements.
02/22/2022
Revealed: king of Jordan used Swiss accounts to hoard massive wealth
The data was shared with the Guardian and 47 other media outlets as part of a global investigation called Suisse secrets.
02/22/2022
Seba Bank opens Abu Dhabi office
The office opening in Abu Dhabi will further accelerate the considerable growth that SEBA Bank has achieved over the past year.
02/22/2022
Investec to seek UK court approval over Ninety One distribution plan
The court will be determined whether, for the purposes of voting at the court meeting, Investec PLC UK-registered shareholders and Investec PLC South African-registered shareholders should be treated as a single class in which case they would vote togethe
02/21/2022
Agnelli Family Pays €746M in Italy Tax Dispute
Exor SPA had applied participation exemption regulations in 2016, when it merged with its Dutch subsidiary Exor Holding N.V., which would have excluded nearly all capital gains from taxable income in calculating the exit tax, the report said.
02/21/2022
‘Golden visa’ lawyers call for UK to rethink blanket ban
Critics say end of scheme risks billions in overseas investment due to myth that ‘foreign money is dirty money’
02/21/2022
Finma contacts Credit Suisse after leak reveals criminal clients
The Organized Crime and Corruption Reporting Project alleged Credit Suisse flouted international banking rules by having human rights abusers and criminals as its clients.
02/21/2022
Complex Ownership Structures: Addressing the Risks for Beneficial Ownership Transparency
The report attempts to address some of the comments at the roundtable which questioned whether there is a need to regulate complexity or whether there’s adequate evidence that complexity is actually abused.