10/08/2020
5MLD legislation came into force on 10th January 2020 as part of UK’s plans to help combat the growing money laundering problem facing the country, and all firms previously within scope should have been compliant immediately.
10/08/2020
Figures reveal that there were a total of 318 Local Market transactions during Q3 of this year, comprising 239 houses and 79 flats.
10/07/2020
The NRA is a key step towards our next assessment by MONEYVAL, which uses the FATF recommendations as its starting point.
10/06/2020
Randall Arthur, Joyce Xiang and Calvin Koo looked at judicial assistance between Hong Kong and Mainland China, as well as the recently amended Hong Kong money laundering statutes.
10/06/2020
The anticipated shift is not limited to the balance of roles, but will also impact how salespeople across various roles interact with advisors.
10/01/2020
Private jet terminal could bring big spenders
Upgrades to general aviation terminal needed
10/01/2020
A number of examples outlined in the report did not end in prosecution, despite suspicions from Jersey authorities of criminal activity.
09/30/2020
"In general, in any social network like LinkedIn or Facebook, there is something called 'Small World Phenomenon', which means that you're only ever around six people away from anyone in the world," Kejriwal said.
09/30/2020
Customers are encouraged to continue to use online channels—Butterfield Online, the Butterfield mobile banking app, or ATMs—to conduct banking transactions wherever possible.
09/30/2020
UK Commercial Real Estate and the Resurgence of JPUTS
Walkers’ Jersey team has recently seen an increasing number of instructions coming from South East Asia and the Middle East for the establishment of new JPUTs to acquire and hold UK commercial real estate.
09/30/2020
Among other areas, the Island scored highly in the integrity and independence of its financial crime prosecutors, the effectiveness of its definition of money laundering crimes and the quality of its border controls.
09/29/2020
Attracting millionaire yacht owners would bring challenges as well as benefits
09/28/2020
Australia followed in sixth place at US$24.98 billion.
09/28/2020
BVI economic substance for private wealth – snagging items?
The RA is required to maintain prescribed information relating to whether the entity carries on a relevant activity
09/28/2020
Managing the evolving compliance landscape facing multinationals
We take a closer look at the findings of the Global Business Complexity Index 2020
09/25/2020
Eddie Morris, Jennifer Breeze and Janelle Sadri discuss how the growth in the number of mutual agreement procedures, coupled with fine-tuning of the process, has affected its themes of access, resolution and implementation.
09/23/2020
What Are The Go-To Jurisdictions for Wealthy Middle Easterners and Why?
As a result Cayman remains a favourable jurisdiction providing substantive offshore structuring solutions for the region.
09/23/2020
Introducing A Guide to Family Offices
The launch of the guide comes as the number of family offices has surged in recent years
09/22/2020
‘Switzerland failing to tackle money laundering’: Thelesklaf
The former head of Switzerland’s anti-money laundering office says the country is failing to pull its weight in the fight against large scale corruption.
09/21/2020
Companies House powers boosted to tackle £137bn dirty money deficit
Transparency International UK research has found at least 929 UK shell companies used in 89 corruption and money laundering cases, amounting to around £137bn globally in potential economic damage.