07/10/2017
Latvian bank fined heavily over laundering scheme in France
It was part of its business strategy in France
Regulation, Risk & Compliance
07/10/2017
ILS will continue to drive risk financing efficiency
The event, hosted by Guernsey Finance – the promotional agency for the island’s finance industry internationally – was attended by 90 delegates from across the insurance, asset management and adviser communities.
07/07/2017
Rietumu Banka hit with heavy fine over laundering scheme in France
The defendants organized large-scale tax evasion through offshore companies located in tax havens.
07/05/2017
Collapsed Premier Group loses out on £39m debt payment
Joint administrators Duff & Phelps are seeking a 12 month extension for them to conclude a claim by non-preferential creditors.
07/05/2017
Indonesia, Switzerland to Exchange Financial Data in 2019
Indonesia managed to make more than 900,000 taxpayers declare their previously unreported assets during he government's nine-month tax amnesty program.
07/03/2017
Jersey Chief Minister welcomes enhanced beneficial ownership information exchange
The main objective of the Exchange of Notes has been to enhance the timely sharing of information between Jersey and the UK
06/29/2017
New reporting rules to increase burden on thousands of trusts
Advisers warn trustees will need to give HMRC details of assets
06/29/2017
Abolition Of Reverse Discrimination Korean Government to Take Stern Action on Global IT Giants
The targets of the bill include global IT giants as well as their South Korean counterparts like Naver.
06/28/2017
Accountants 'Grapple' With Whistleblower Obligations
These requirements have serious implications for how some of your businesses will survive.
06/26/2017
Secretive owners of Scottish 'tax haven' firms to be revealed
It should mean that the shadowy owners of Scottish shell companies may finally be exposed.
06/26/2017
Cayman Islands: AEOI Portal Update
The AEOI Portal is now open and available for CRS Reporting.
06/23/2017
Bermuda: CRS regulations, guidance notes issued and portal open - Deloitte
The Ministry of Finance signed the OECD’s multilateral competent authority agreement on 29 October 2014 to become a member of the “early adopters group” for the CRS, meaning that the group will begin exchanging CRS information with partn
06/23/2017
Bermuda under EU blacklist threat, claims Richards
Bermudians should regard this Code of Conduct Group as the ‘EU Blacklist Group
06/22/2017
Edmond de Rothschild fined for alleged involvement in 1MDB scandal
The affair, however, is mentioned in the annual report published in June.
06/19/2017
Regulators Tighten Up Rules For QROPS Advisors
HMRC has scrutnised QROPS pensions to make sure they are compliant with UK rules and are not pension liberation schemes.
06/19/2017
Turks and Caicos working to introduce biometric surveillance legislation
The law will also determine the legality of using the technology in the financial sector.
06/17/2017
Deutsche Bank pullout is 'Malta dimension of global issue' - minister
No connection with recent controversies
06/16/2017
Guernsey regulator fines and bans directors for incompetence
Capital Solutions Limited failed to organise and control its internal affairs in a reasonable manner
06/15/2017
Barbados Adhering to Global Financial Standards
The Barbados International Business Association and the Barbados Chamber of Commerce and Industry hosted the breakfast meeting at the Lloyd Erskine Sandiford Conference Centre.
06/13/2017
CRS in Cayman - Ensuring Compliance
It is expected that CRS will be enforced in Cayman in a disciplined and systematic manner.