Cayman Is. mimic Delaware’s limited liability company
The Cayman Islands is to introduce a new type of business vehicle in the form of a limited liability company (LLC), inspired by similar legislation in the US state of Delaware.
The Cayman Islands is to introduce a new type of business vehicle in the form of a limited liability company (LLC), inspired by similar legislation in the US state of Delaware.
The Chartered Institute for Securities & Investment (CISI) has launched two qualifications on financial crime prevention in the Middle East to tackle the increased threats of cyber crime and financial crime.
The UK government’s planned new law making firms criminally liable for staff who facilitate tax evasion has expanded the circumstances in which an overseas company can be prosecuted for failing to prevent foreign tax evasion, according to legal experts.
Xin Qi, a Chinese asset management firm backed by property projects, has defaulted on CNY1.9bn (£203m, $291m, €261m) worth of investments, affecting thousands of retail investors across mainland China.
More than 100 people who invested in a fraudulent collective scheme will collectively receive around £2.9m compensation following the successful prosecution of a fake foreign exchange trader under the Proceeds of Crime Act 2002 (POCA).
The former head of investment advisory for KPMG in the UK, Patrick McCoy, is one of 10 people charged with tax cheating offences who have been ordered to appear at Birmingham Magistrates’ Court next month.
A financial adviser from Australia has been sentenced to nine-and-a-half years in prison after he pleaded guilty to 33 counts of fraud and 21 counts of falsifying records that resulted in investors losing millions.
Hong Kong’s Securities and Futures Commission (SFC) has frozen a total of HK$600,000 ($77,000, £54,000) in the bank accounts of three suspected boiler rooms.
The Financial Conduct Authority (FCA) has fined Barclays Bank a record amount for failing to minimise the risk that it may be used to facilitate financial crime.
The UK Court of Appeal has upheld a landmark sentence of 10 years’ imprisonment imposed on former independent financial adviser Phillip Boakes following his conviction on charges brought by the Financial Conduct Authority (FCA).
Thousands of Lloyds Bank shareholders, including various large investment funds domiciled in the UK, Europe, the US, Canada and Asia, have kick-started a legal battle after it was alleged the bank’s takeover of HBOS was a bad deal for investors.
The UK government’s plans for a new law to make offshore tax evasion a criminal offence must include a requirement that prosecutors prove criminal intent, according to the Chartered Institute of Taxation (CIOT).