UK power to use Unexplained Wealth Orders a 'clear wake-up call' for wealth advisers
International law firm Baker & McKenzie has warned that UK government agencies' ability to now use Unexplained Wealth Orders (UWO) against ...
Standard Chartered fined over controversial Guernsey accounts move
Standard Chartered has been fined in Singapore over the contentious transfer of $1.4 billion of private bank client assets from Guernsey ...
Channel Islands data protection laws gain Privy Council approval
The UK Privy Council has given its approval to Guernsey's new Data Protection Law.
Asset and wealth management CEOs optimistic about growth but aware of looming disruption - PwC survey
Asset and wealth management (AWM) chief executives remain very confident about their companies' growth prospects in 2018, but they are also ...
G20 urged to adopt common regulations for cryptocurrencies
The G20 must work towards an agreement to adopt common regulations for cryptocurrencies such as Bitcoin, the boss of global independent ...
New clampdown on tax avoidance and evasion aims to bring in £1.2 billion
'Tough' new measures including action to tackle VAT fraud, close loopholes on offshore tax avoidance and crack down on rogue illegal ...
IRS releases much-needed guidance on new 'Repatriation Tax'
On 13 March 2018, the IRS released a series of Frequently Asked Questions and sample forms providing some guidance to taxpayers ...
IRS to end offshore voluntary disclosure programme for US citizens
The US tax authority - the Internal Revenue Service (IRS) - will begin to ramp down the 2014 Offshore Voluntary Disclosure ...
Three jurisdictions removed and three added to EU list of non-cooperative jurisdictions
The EU has removed Bahrain, the Marshall Islands and Saint Lucia from its list of non-cooperative jurisdictions in taxation matters and ...
Foreign affiliates of KPMG, Deloitte, BDO charged by US authority over improper audits
The United States' Securities and Exchange Commission has charged foreign affiliates of KPMG, Deloitte & Touche, and BDO for their involvement ...