Luxembourg Seeks to Steal a March with Family Office Regulation
16 May 2012
In March this year, Luxembourg moved to become the first European jurisdiction, and indeed the only other jurisdiction in the world in addition to the US, to look to implement a specific legal framework Read more…
Breakthrough in EU/US Foreign Bank Accounts FATCA Dispute - Report
10 May 2012
A major transatlantic disagreement appears to have been averted over a US FATCA anti-tax evasion law that requires banks in the EU to inform US tax authorities of funds they hold from US residents, Read more…
Crowdfunding Gets Professional Association
08 May 2012
The crowdfunding space is getting more ‘crowded,’ in a good way. The Crowdfunding Professional Association officially launched on May 7th. It will serve as a sister organization to the Crowdfund Intermediary Regulatory Advocates. Both Read more…
It’s the End of the World As We Know It
03 May 2012
Silicon Valley, Silicon Alley, Silicon Prairie-entrepreneurs everywhere-were likely collectively shouting, cheering, dancing in the streets, perhaps sharing the same sentiment in a REM tune in early April: “It’s the end of the world as Read more…
Financial Executives International Goes to Washington
02 May 2012
Jefferson Smith: “I wouldn't give you two cents for all your fancy rules if, behind them, they didn't have a little bit of plain, ordinary, everyday kindness and a little looking out for the Read more…
Swiss Ease Restrictions for Indian Tax Authorities Following New Agreement
01 May 2012
Switzerland has agreed to provide details of bank accounts of individuals sought by India even on the basis of “limited” information, according to the Indian Finance Ministry. Agreement was reached on April 20, 2012 between Read more…
UK Government to Target Wealthy Individuals Into 2013 and Beyond Warns International Law Firm
24 April 2012
The UK government is set to release a raft of consultations in May that will have an impact on wealthy individuals looking to live, work and invest in the UK. Proposed changes to income tax, Read more…
FSA Contacts More Than 75,000 People to Warn Over Financial Scams
24 April 2012
The Financial Services Authority (FSA) is contacting 76,732 people to let them know they are targets for fraudsters trying to con them out of their money, using major bank brands for the scams. Their names Read more…
The UK's 'Macho' FSA Prepares to Go Out with a Bang, Not Whimper
05 April 2012
The £8.75 million fine on Coutts for inadequate money laundering controls, along with what is widely expected to be similar swinging penalties on other London-based banks for a range of infractions, shows the Financial Read more…
Singapore to Act to Stem the Flow of ‘Too Many Millionaires’ into the Lion City
05 April 2012
Rumor has it that the city-state and Asian wealth management center Singapore is to end its successful, in fact, overly successful, “fast track” program that gave wealthy foreigners permanent residency. Under the scheme, run Read more…