02/20/2017
The Vatican froze €2 million in funds suspected to be connected with money laundering in 2016
Milano gave no details in his speech but added that the total amount of suspect money frozen between 2013 and 2016 was about 13 million euros.
02/20/2017
Think-tank proposes dual funds regime for post-Brexit UK
The proposed scheme would allow less EU-focused asset managers to avoid some of the burdens of EU regulation.
02/20/2017
HSBC Stops Issuing P-Notes As Government Steps Up Clampdown
(Sebi) has shared with the government a list of foreign fund houses that are found to have issued the Offshore Derivative Instruments (ODIs) to Indian nationals.
02/20/2017
MiFID II – New European Regulation To Govern Increasing Demand For Bespoke Investment Strategies
European Capital flows are expected to continue their upward trajectory despite sluggish global growth concerns and the diminishing of monetary easing polices.
02/20/2017
Pakistan to access citizens’ past financial details in foreign countries
The official said the exchange of information between the signatory countries would be restricted to the present details in case of accounts with deposits below the mark of one million dollars.
02/17/2017
Guidance to Cyprus Investment Firms on communications with clients
It must be provided by authorised and qualified employees of the appropriate department.
02/17/2017
A view from Jersey and Guernsey
As a result, the MLP should simplify local regulatory requirements for structures which choose to be AIFMD complaint.
02/17/2017
Who cares about offshore licensing?
They want FCA regulation above all.
02/17/2017
Why China’s Richest Worry About Moving Money Abroad
Affluent asset-holders are finding strict foreign exchange rules are bad for their wealth.
02/17/2017
1MDB: Emboldened Trusts Wrangle Over Jho Low Assets
Low is fighting in Los Angeles court to keep those assets, exposing an unseemly side of the private banking and trustee industry that is usually kept out of sight.
02/17/2017
Japan, Bahamas agree to automatic exchange of financial information for tax purposes
The Ministry said the new agreement provides for information exchange based on the latest international tax standards.
02/17/2017
Banks: Homeowner Bill To Change ‘Risk Profile’ Of Mortgages
Suggesting that the latter could involve requiring borrowers to come up with higher downpayment or equity contributions
02/16/2017
It cannot be a purchase for any fair market value, which is going to be abysmally low.
02/15/2017
It was “most disappointing and regrettable that no one at the political level at HM Treasury was able or willing to meet” during the trip to London last week from the European Parliament’s Panama Papers inquiry committee
02/15/2017
CARTA specialises in providing Private Equity focused.
02/14/2017
The jurisdiction is keen to promote itself as a financial centre to Asian based clients.
02/14/2017
Others in the industry have accused the Irish Central Bank of scaremongering.
02/14/2017
Now, the trusts are asking a Los Angeles judge to ignore a deadline to file claims over assets that have been seized by the U.S, «Bloomberg» reported.
02/13/2017
A good example of this in recent years has been the introduction of the BVI Approved Fund and BVI Incubator Fund, which have steadily gained traction over the last 18 months as awareness in the market about their availability grows.
02/13/2017
Some newspapers even speculated that I was sure to be booted from the Cabinet and the political party to which I belonged.