03/13/2019
Macau | City stays off EU tax haven list
Macau has managed to stay off a tax haven list established by the European Union by complying with OECD standards
Legal, Regulation & Compliance
03/13/2019
UBS: France to Appeal Ruling
UBS was ordered to pay 4.5 billion euros ($5.1 billion) in fines and damages.
03/13/2019
EU adds ten more countries to the blacklist of tax havens including several British Overseas Territories
Those on the blacklist are allowing widespread tax evasion by corporations and individuals and did not meet EU deadlines for reform.
03/13/2019
Depositaries and the No-Deal Brexit Scenario
Here, David Price, Depositary Services Manager at Estera Depositary (UK) Limited, explains what depositaries need to know in order to prepare.
03/13/2019
EU reaffirms Guernsey as a co-operative Jurisdiction
ECOFIN's decision also follows a further commitment made by Guernsey in December 2018 to work with the EU on sharing beneficial ownership information, such as through an integrated platform.
03/13/2019
Data protection and mythology in the charity sector - Withers
Charities have found their resources stretched more thinly as they try to comply.
03/13/2019
Statement on various MiFID obligations and benchmarks regulation if the UK leaves the EU without an implementation period
The Treasury’s approach to the onshoring of EU legislation into UK law means that UK and EU trading venues will operate to the same set of standards on day 1 after the UK leaves the European Union.
03/13/2019
Bitcoin After Death: your digital inheritance: Part 2 - Estate planning tips
Unfortunately, there is no magic solution as the law in the UK has yet to catch up with the latest technological advances, especially in the world of cryptocurrencies.
03/13/2019
FCA fines The Carphone Warehouse over £29m for insurance mis-selling
The FCA therefore found that The Carphone Warehouse breached Principle 3, Principle 6 and Principle 9 of the FCA’s Principles for Businesses between 1 December 2008 and 30 June 2015.
03/13/2019
Taxation: Council revises its EU list of non-cooperative jurisdictions
The list, which is part of the EU's external strategy for taxation as defined by the Council, is intended to contribute to ongoing efforts to prevent tax avoidance and promote tax good governance worldwide.
03/13/2019
New MoU between JFSC and FCA will give managers added certainty and confidence, says JFA
Jersey Finance CEO, Joe Moynihan, says: “This MoU is a precautionary measure and should give managers using Jersey for their fund structuring added confidence."
03/13/2019
Guernsey confirms continuity of UK market access for funds post-Brexit
GFSC Director-General William Mason signed the agreement with Andrew Bailey, CEO of the Financial Conduct Authority.
03/12/2019
Money laundering concerns justify Jersey intervention, say MPs
Backbenchers tackling Jersey, Guernsey and Isle of Man on grounds of national security
03/12/2019
EU blacklist: Burt prepared for any outcome
Reuters reported that Britain had at first pushed other EU states not to include Bermuda on the list of jurisdictions said to be not co-operative on tax matters.
03/12/2019
Hard Brexit to cost pension funds billions
The asset manager estimated the Brexit vote had boosted asset values by about £125bn, while liabilities increased by about £160bn – which resulted in a deficit of £35bn.
03/12/2019
Will UK investment bounce back? Speech by Jonathan Haskel
Brexit is a process not an event.
03/12/2019
A binary future? How digitalisation might change banking by Andrea Enria
The world of finance is no exception; banks, too, face a binary future – one, they adapt; zero, they perish.
03/12/2019
EBA report on high earners in EU banks
Most of the Member States across the EU have registered an increase in the number of high earners and only a few of them have witnessed a high slight decrease.
03/12/2019
EU to add Bermuda, Aruba to tax haven list, Italy against EAU listing
Other jurisdictions in the Caribbean and the Pacific Ocean are set to complete the updated list.
03/12/2019
Court of Appeal Gives Guidance on Scope of Fiduciary Duty in "Secret Commissions" Case
A principal's knowledge of its agent's remuneration may limit the scope of the fiduciary duty that the agent owes to its principal to disclose that remuneration.