A recently-agreed tax deal between British and Swiss tax authorities to collect tax on an anonymous basis from the Swiss accounts of UK-based individuals is about to get more expensive, an expert from one of the major UK accountancy firms specialising in looking after international clients is warning.
The Hong Kong regulator has suspended a director of advisory firm Able Alliance International Limited, for the late filing of financial statements and making false claims.
The Isle of Mans Financial Supervision Commission has issued a warning in relation to Alpha Fund Management, a potentially fraudulent entity claiming to be located on the island.
The Spanish government last week approved its first ever trust tax amnesty for individual and corporate taxpayers.
The EU Code of Conduct Group is due to discuss Guernseys zero-10 corporate tax regime at its next meeting on 17 April, as the only one of the three Crown Dependency islands not to have received the Code Groups nod of approval for its zero-10 scheme last year looks to get it in 2012.
The Swiss federal government has issued arrest warrants for three German tax officials for their role in the purchase of banking information in 2010.
The Chartered Institute for Securities and Investment is introducing mandatory integrity and ethics tests for all its members, as part of its commitment to promote high standards in financial services.
The Isle of Mans Financial Supervision Commission has issued a warning on Volt Inland Capital, a potentially fraudulent entity which claims to occupy the same address as the regulator.
Coutts has been fined £8.75m by the Financial Services Authority for anti-money laundering control failings, which the regulator termed “serious, systemic and allowed to persist for almost three years”.
The Hong Kong regulator today banned a former private banker at Citigroup Global Markets Asia from the financial services industry for ten years, for operating a ponzi scheme.
Hong Kongs Securities and Futures Commission will waive its annual licensing fees for a two-year period from 1 April, 2012, it announced today.
Jersey has signed a double taxation agreement with Qatar as part of a five day visit to the Middle East region by representatives from Jerseys finance industry and government.
