02/08/2021
Expose corrupt who hid wealth in tax havens
It is now time for government to unmask the corrupt and publicly reveal who actually benefits from every company registered in their jurisdictions.
Legal,Regulation,Tax & Compliance
02/08/2021
Denmark Tax Agency Clarifies Tax Residence Under DTA With Switzerland
The taxpayer inquired as to whether she could be considered a Swiss tax resident under the 1973 DTA with Switzerland.
02/08/2021
CS Victims Laud Fraud Report Findings And Demand Credit Suisse Return Client Funds
Irregularities included not providing information to clients, executing transactions without client confirmation and ignoring internal controls.
02/08/2021
Carey Olsen confirmed as leading offshore law firm to LSE listed clients for 15th consecutive year
The firm's total of 91 LSE clients is more than double the number of clients advised by the next nearest offshore law firm.
02/08/2021
Warrant served on UK law firm over alleged 1MDB assets
US says $330m held in Clyde & Co escrow account in London is linked to Malaysian fraud scandal
02/05/2021
A Key Player in Malaysia's Biggest-Ever Corruption Scandal Found Sanctuary in Cyprus With Help From a Major London Firm
To solve these problems, Low turned to the sunny eastern Mediterranean island of Cyprus
02/05/2021
FCA hit by 80,000 malicious emails every month
This news arrives less than a year after the FCA was criticised for accidentally revealing personal information of about 1,600 people in February 2020.
02/05/2021
Ireland Update: Strategy on Remote Working Strives to Keep Up
The Remote Working Strategy confirms the Government’s intention to legislate for employees to have a right to request remote working.
02/05/2021
Agreement reached for Greater Bay Area wealth management system pilot phase
This plan intends to reduce cross-boundary restrictions for nearly 70 million residents in the Bay Area cities to access wealth products
02/05/2021
FCA report outlines practices firms can consider to reduce failed technology changes
Financial services technology is constantly updated, but when firms implement changes they don’t always go to plan.
02/05/2021
UK directors face new liability demands under major audit reform
Far-reaching overhaul of corporate governance set to be unveiled in long-awaited white paper
02/04/2021
HMRC awards Open Banking contract to Ecospend
Under the new systems, payments will be sent directly from a payer’s bank account, using validated HMRC details to address the problems with fat finger errors.
02/04/2021
Indosuez Wealth Management: «Banning Short Selling Would Be a Bad Idea»
Despite diminishing impact from the Reddit rally, regulators worldwide are actively reviewing the situation and Indosuez believes that there is a possibility for a change in rules though it does not foresee or support an outright ban on short selling.
02/04/2021
New rates of stamp duty for non-UK residents from 1 April, says accountants Hillier Hopkins
“The new rates do not apply to commercial and retail properties and are likely to remain attractive for overseas investors.”
02/04/2021
Group of experts defines tax-related areas of action for Switzerland
The group of experts was instructed by Federal Councillor Ueli Maurer to draw up areas of action to strengthen Switzerland as a tax location.
02/04/2021
Maples Group Supports Major Investment Banks On Landmark Luxembourg Securitisation
The Initial Purchasers purchased notes issued by a Luxembourg special purpose vehicle for the principal amount of US$500 million.
02/04/2021
Bank of England says banks need 6 months for any sub-zero rates
“Nobody should take any signal from this,” Governor Andrew Bailey told a news conference.
02/03/2021
A New Report Suggests that UK Art Businesses Are Begrudgingly Adapting to New Money-Laundering Regulations
Still, the new rules pose certain challenges.
02/03/2021
CH-Force/Debt Rescheduling Fraud: Coordinated operation in Switzerland and Germany
The highly extensive and elaborate structure of the business model identified demands complex and resource-intensive measures that do not in themselves guarantee the success of the criminal proceedings.
02/02/2021
Financial Regulation: Daily Update
There is also an option to participate in a team or as an observer in a related US sprint, led by the Alliance for Innovative Regulation, further information on which is available on the webpage.