11/30/2020
An entity that indicates it does not comply with Economic Substance Regulations in the declaration section will be required to indicate which parts it failed to comply with.
11/30/2020
Those disclosing SARs need to be confident that, when filing them, their data will remain confidential. If not, then they need to have the right to a remedy against FinCEN.
11/30/2020
Clarity on employer obligations to home working employees is particularly welcome due to the significant increase in employees working from home on a full or part time basis due to COVID-19 restrictions.
11/30/2020
Regulation is necessary and should provide a clear framework for asset managers and suitable protection for investors.
11/27/2020
A joint enforcement notice on misleading adverts is one of several interventions to tackle promoters.
11/27/2020
The Supreme Court unanimously dismissed Halliburton's appeal.
11/26/2020
A practical guide to substance in Guernsey for trust and corporate service providers
Whilst the new substance regime is aimed at companies rather than trusts, where those companies form part of a trust structure, the trustees will seek reassurance that applicable substance requirements are being met.
11/25/2020
FIAU fines Credence €261,000 over shortcomings in due diligence of PEPs and lack of scrutiny of high-value transactions
11/25/2020
Dart first considered the question of where to locate its own family office in the early 1990s in order to choose an offshore base of operations for Ken Dart and his family.
11/25/2020
Given the challenges posed by the need for increased regulation and compliance of these sectors and the growth in interactions between the DCI an online system has been established to make things easier.
11/24/2020
This report comes as a result of a coordinated supervisory exercise performed alongside national competent authorities (NCAs), following a recommendation issued by the European Systemic Risk Board (ESRB) in May.
11/23/2020
CRS to be introduced locally to combat tax evasion
This is the Revenue Administration (Amendment) Act, which was approved by the Lower House on November 10 and passed in the Senate yesterday.
11/23/2020
Yet, the situation in Central America and neighbouring Colombia is catastrophic.
11/23/2020
Post-COVID financial regulation - John Cassar White
The EBA has postponed its 2020 EU-wide stress testing of banks to 2021.
11/23/2020
In order to benefit from the TPR, such Luxembourg entities are invited to notify the FCA of their intention to do so. Notifications have to be submitted before 30 December 20201.
11/23/2020
The inherent discretion to confirm the powers of controllers appointed under Section 24 of the Insurance Law
11/23/2020
The Bill seeks to amend the substantive legislation to implement the Convention on Mutual Administrative Assistance in Tax Matters to improve international tax compliance
11/20/2020
These non-US resident tax members are responsible for assessment on any net profits at 30% of their US-sourced income.
11/20/2020
Among the companies participating in the study, 31% said they have been actively engaged in the OECD’s project consultation.
11/19/2020
Technology has had a significant role to play in overcoming the challenges presented by COVID 19.