08/02/2021
US targets wealthy tax evaders using Panama law firm
10 institutions including Wells Fargo Bank, BofA, HSBC and Citibank to receive summonses
Legal,Regulation,Tax & Compliance
08/01/2021
HMRC identifies AML risks facing the art market
The global art market is valued at more than £50 billion, with an estimated £2.3 billion of this per year linked to financial crime.
08/01/2021
International Tax Round-up - July 2021
This publication gives an overview of key international tax developments across the Linklaters network.
08/01/2021
Celebrity endorsement by Katie Price inadvertently promotes a Forex Scam to her followers
Most of the money is lost online and the government's National Cyber Security Centre battles to take down hundreds of websites promoting financial fraud as they arise.
07/30/2021
New OECD data highlights the importance of the international tax reform discussions
The data, released in the OECD's annual Corporate Tax Statistics publication, shows the importance of the corporate tax as a source of government revenues
07/30/2021
EU Money Laundering Overhaul Targets Private Banking
The entire package, totaling well over 300 pages of proposed legislation, certainly looks comprehensive.
07/30/2021
Wealthy Americans Targeted by U.S. in Panama Tax-Fraud Probe
The order requires that they produce information about possible violations of tax laws by people whose identities are unknown
07/30/2021
Reforming a Cayman Islands STAR trust: A lesson in obsolescence
The written reasons recently released by the Court
07/30/2021
How your cryptoassets will be taxed in the UK
This means that investors found to be evading tax bills may incur severe penalties – further evidence for why getting your cryptoasset taxes in order is crucial.
07/30/2021
Maltese trusts – an attractive estate planning tool
Whilst the main aim behind Malta’s adoption of the trust is the offering of a further tool for estate planning, protection and security, from an international perspective, a trust with a Maltese trustee, whether individual or corporate, may also pro
07/30/2021
Demystifying VASPs in Crypto Compliance
This definition encompasses a range of crypto businesses, including exchanges, ATM operators, wallet custodians, and hedge funds.
07/29/2021
BIS Innovation Hub and Monetary Authority of Singapore publish proposal for enhancing global real-time retail payments network connectivity
The BIS Innovation Hub Singapore Centre is working on both.
07/29/2021
Credit Suisse Group publishes the report of the independent external investigation into Archegos Capital Management
The review consisted of more than 80 interviews with current and former Credit Suisse employees as well as the collection of more than 10 million documents and other data.
07/29/2021
Increased IHT tax take shows nil rate band freezes are working
HMRC could not accept paper cheques at the height of Covid-19, and with digital tax still not where it needs to be, we are now seeing these payments being processed as normalities return.
07/29/2021
Man Utd and Newcastle in HMRC tax probe as it nets £464m from football world
The UK's HM Revenue & Customs clawed back around £464m from football players, clubs and agents after a six-year probe into the sport, the Daily Mirror has reported today (29 July).
07/29/2021
Latham & Watkins Advises Swiss Life Asset Managers and Gelsenwasser on Acquisition of Infrareal
A cross-border team represents Swiss Life Asset Managers on their first investment in a life sciences infrastructure.
07/29/2021
Instagram Influencer Hushpuppi Pleads Guilty To Money Laundering
Today’s announcement deals a crucial blow to this international network and hopefully serves as a warning to potential victims targeted with this type of theft.
07/29/2021
Switzerland and Ethiopia sign double taxation agreement
It guarantees legal certainty and a contractual framework, which will have a beneficial effect on the further development of bilateral economic relations.
07/28/2021
David Guin featured in Investment News article on proposed SEC legislation for family offices
David tells Investment News he’s unsure if the legislation’s prospects are very promising.
07/28/2021
Global tax guide to doing business in...
The complexities and intricacies of navigating different tax systems has proven to be a challenge for multinationals that operate in more than one country.