05/02/2018
Russian billionaire Abramovich in Swiss court over debt case
The suit aims to recover alleged debts left behind by Abramovich's now-defunct Runicom trading firm, which was based in Switzerland until its bankruptcy in 2003.
Legal, Regulation & Compliance
05/01/2018
Peterborough legal company merges with historic rival
The newly created company offers international specialisms covering South Korea, Italy and Germany and its combined turnover of £12 million plus will propel it into the Top 200 law firms.
05/01/2018
Thousands of Scotland’s tax haven firms face being struck off
Striking off would clear such entities - and those which do not declare an owner - off the national register, forcing them to shut down.
05/01/2018
Chief Minister Meets UK Ministers to Address Constitutional Concerns with Amendments to Sanctions and AML Bill
“The speed with which the UK Government has intervened on this issue demonstrates the value of our close co-operation and our centuries of shared heritage.”
05/01/2018
Jersey Completes Multi-Jurisdictional Review of Exchange of Notes on Beneficial Ownership
This has ensured that the most adequate, accurate and current information is able to be exchanged quickly with the relevant law enforcement and tax authorities, in pursuit of the worldwide fight against financial crime.
05/01/2018
Finnish Self-Employed: Freelance provision requires reform
Finland has woken up to the difficulties created by the flexible world of employment and the inability of pension regulation to ensure suitable provision for the self-employed
05/01/2018
Regional groups defend BVI; UK votes on financial services today
Both CARICOM and the OECS have lambasted the UK for being ‘discriminatory’ to their British territories.
04/30/2018
UK searches for compromise over offshore ownership registers
Ministers try to broker deal to avoid defeat in parliament
04/30/2018
Vatican law seeks to keep charities, donations clean
Going forward, the current leadership has proposed changes that would eliminate a three-person board of auditors.
04/30/2018
Crackdown plan on Scottish limited partnerships
The proposals would apply to all limited partnerships in the UK.
04/30/2018
Scope of the 'reasonable excuse' defence
The finalised version of the Anti-Money Laundering (AML) Guidance, approved by the Treasury, offers additional information on when the defence may apply.
04/30/2018
EU Plans to Regulate Online Platforms and Search Engines
New proposed EC Regulation would impose transparency obligations vis-à-vis business users and introduces collective redress.
04/30/2018
Dolfin Awarded Custody And Depositary Licence In Malta
Malta’s financial services sector is experiencing a strong period of growth. It currently contributes just over 12 per cent of Malta’s GDP.
04/30/2018
Lead shareholders remain hidden despite transparency rules
Corporate register shows 13% of companies fail to name ‘persons of significant control’
04/30/2018
Ogier counsel recruitment launches insurance and private wealth services
Under Eva, Ogier's Luxembourg office will expand its established investment funds, corporate and finance services.
04/30/2018
Financial advisers arrested on conspiracy to defraud allegations
The City of London Police believes there may be hundreds of people affected that may be victims of fraud.
04/30/2018
Guernsey Finance publishes global distribution strategy statement: connecting to the parts of the world managers want to reach
The strategy statement sets out the aim by which Guernsey intends to become the global jurisdictional platform supporting managers to reach global markets
04/27/2018
Danske Wealth Management Robot Gets Caught Shirking Regulations
Danish regulator reprimands Danske’s asset management robot
04/27/2018
UK Branch of Pilatus Bank Closed Down
The Daphne Project revealed that more than 50 companies owned by the ruling elite of Azerbaijan moved millions of euros using Pilatus Bank.
04/27/2018
Wealth managers accused of dodging capital rules
"This can be seriously disruptive for firms’ plans. It suggests there is work to do if firms’ own assessments of capital requirements are to be aligned with those of the regulator."