Legal Archives - Page 155 of 212

AML systems and controls – an ever-increasing area of focus

April 14, 2021

Mr Steward addressed how seriously the FCA takes this crucial area of regulatory focus and reiterated the requirement for firms to have in place systems and controls that are purposeful and efficient in managing financial crime risk.

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Entry into force of double taxation agreements with Brazil and Saudi Arabia

April 13, 2021

The agreement between the Swiss Federal Council and the Government of the Kingdom of Saudi Arabia for the avoidance of double taxation with respect to taxes on income and capital entered into force on 1 April 2021.

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The war against money-laundering is being lost

April 13, 2021

The global system for financial crime is hugely expensive and largely ineffective

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Pandemic sees clients delay decision making

April 13, 2021

The research, commissioned by Octopus Investments and conducted by VouchedFor1, revealed that six in ten (61%) advisers had clients who delayed financial decisions due to the pandemic.

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Collapse of Jersey-based Football Index faces new UK probe

April 13, 2021

A government source was quoted as saying that "something appears to have gone very wrong here

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Cyprus Launches New Registry that Identifies Company Owners

April 13, 2021

The plan included the establishment of the UBO registry - an already existing obligation under the EU’s 4th anti-money laundering directive.

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UK tax compliance and enforcement for wealthy individuals

April 13, 2021

Wealthy individuals sit predominantly within the department's wealthy and midsized business compliance directorate (WMBC) which is responsible for general compliance, including spotting and correcting mistakes.

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UK Employer Reporting Obligations – Taxable Benefits

April 13, 2021

As an employer, it is important you are aware whether these new arrangements require you to return certain information to HMRC

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Banks and the lost fight against money laundering

April 13, 2021

The renowned business paper “Economist” has drawn the devastating conclusion in a recently published editorial: “The war against money laundering is lost”.

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New York, Finally, Taxes the Rich

April 12, 2021

A budget that spends on education, homelessness and undocumented immigrants is the product of years of progressive politics, not a governor looking for a diversion.

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