04/18/2017
Your Taxes: Why the Banks are Cranky
In March 2014, the Bank of Israel issued an instruction to Israeli banks to comply with FATCA.
Regulation, Risk & Compliance
04/13/2017
Bob Bail-Out Debtors Block Property Access
The Bank of the Bahamas ‘bail out’ saw 13 ‘bad’ loans transferred from its balance sheet to Bahamas Resolve, in exchange for $100 million in government promissory notes (bonds).
04/12/2017
TISE gains recognition from German regulator, BaFin
The application to BaFin was supported by the German Investment Funds Association, BVI (Bundesverband Investment und Asset Management).
04/12/2017
New Jersey and Guernsey Private Funds Regimes
In this situation a more informal and flexible regulatory regime may be appropriate for the fund and its investors.
04/12/2017
Ghana, Czech sign Double Taxation Agreement
It will also eliminate the incidence where income from both countries are taxed twice and as well as increase Ghana’s Exchange of Information network
04/11/2017
‘Panama Papers’ project wins Pulitzer
Journalists in 80 countries worked together to investigate 11.5 million files leaked from inside Mossack Fonseca, a Panama-headquartered law firm that specialized in building offshore companies.
04/11/2017
Time to close down Gibraltar, major part of criminal network
A glance at the map immediately reveals the strategic value of the tiny territory, especially to an empire like Britain’s
04/11/2017
Swiss Federal Prosecutors' Office Wants To Speed Up International Tax Assistance Procedures
The Lead Swiss Federal Prosecutor, Mr. Michael Lauber, therefore pleads for more efficiency and speed.
04/10/2017
AIG targets non-doms hit by inheritance tax change
AIG has been working on a solution and is now able to offer life cover to non-residents
04/10/2017
Jersey: The Advantages Of Jersey As A Corporate And Trust Domicile
These reasons are all compelling and have been applicable for many years
04/10/2017
Irish residents must declare accounts, assets and benefits outside of the State or face tax penalties
This is a freely disclosed tax default to Revenue, rather than it being discovered through an audit or investigation.
04/10/2017
SIX simplifies challenge of Automatic Exchange of Information
As of January 2017, all financial institutions in Switzerland must begin collecting client data
04/10/2017
Cayman Islands Introduction of Beneficial Ownership Registers
There is no requirement to disclose information protected by legal professional privilege or where disclosure is prohibited by law.
04/06/2017
Turkish regulator gives new permits for PASHA Yatirim Bankasi
Pasha Bank is a leading corporate bank in Azerbaijan.
04/06/2017
Americans abroad lobby for tax changes
FATCA requires financial institutions in other countries to report information about accounts held by U.S. citizens.
04/06/2017
Consumer Protection Agency In The Works For Banking Customers
The US launched its own Consumer Financial Protection Bureau during the Obama administration.
04/06/2017
SANNE awarded depositary licence in Luxembourg
SANNE opened its Luxembourg office in 2008
04/05/2017
Barclays announces further Non-Core disposals: sale of the UK Trusts business completes
I want to thank our UK Trusts colleagues for their hard work and commitment in ensuring a smooth transition for our clients. I wish them well in the future.
04/05/2017
CUC closes first $40 million tranche of private placement
Auditor’s authority and accounting body sign agreement
04/05/2017
New Gibraltar Deposit Guarantee Scheme Website
The Deposit Guarantee Scheme is administered by the Gibraltar Financial Services Resolution and Compensation Committee and is funded by the Credit Institutions covered by the scheme.