Search Results for: Guernsey
Individuals fined and banned from performing any role in regulated financial services
November 7th, 2018
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has issued a press release to inform that The Upper Tribunal has upheld the Financial Conduct Authority’s (FCA) decision to fine ...
Stock manipulator has agreed to pay nearly $800,000
August 3rd, 2017
The Securities and Exchange Commission today announced that an overseas stock manipulator has agreed to pay nearly $800,000 and be permanently barred from involvement in penny stocks after hiding his significant stake in a small oil & gas company ...
Switzerland moves to end banking secrecy
December 5th, 2016
Today, the Federal Department of Finance (FDF) initiated the consultation on introducing the automatic exchange of information (AEOI) in tax matters with a series of other countries. The AEOI with these countries should enter into force on 1 January ...
Offshore law firm opens Hong Kong office
November 9th, 2016
Carey Olsen, one of the largest offshore law firms With 49 partners and 200 lawyers has issued an announcement to inform for its Hong Kong office opening. According the announcement: The Hong Kong practice has a dispute resolution and ...
HMRC sets rules for Worldwide Disclosure Facility on unreported offshore accounts
August 29th, 2016
The WDF will launch on 5 September 2016 and will be available to anyone who is disclosing a UK tax liability that relates wholly or in part to an offshore issue. This includes: income arising from a source outside ...
The Swiss Council adopts dispatch on automatic exchange of tax information with eight states and territories
July 8th, 2016
The Federal Council adopted the dispatch on the introduction of the automatic exchange of financial account information with Iceland, Norway, Guernsey, Jersey, the Isle of Man, Japan, Canada and the Republic of Korea, and submitted it to Parliament for ...
Nearly 400 LSE-listed companies based in tax havens linked to UK
May 13th, 2016
Research finds 389 firms on London Stock Exchange with market capitalisation of £225bn are registered in offshore territories Almost 400 companies listed on the London Stock Exchange (LSE), with a collective market capitalisation of £225bn, are based in offshore havens connected ...
US tax havens – the new Switzerland
May 9th, 2016
America is a magnet for offshore wealth, notably South Dakota, which has guaranteed secrecy In an old discount store hugging a corner in downtown Sioux Falls, South Dakota, the heirs to the William Wrigley chewing gum fortune have an office for ...
Bitcoin becoming regulated currency in the European Union
April 27th, 2016
Slovenian startup Bitstamp just did something that no other digital currency startup was able to do – launch the first nationally licensed Bitcoin exchange (BitEx). As it usually goes, the startup could not receive a license in its home country, so ...
Which country is the World’s Favorite New Tax Haven?
January 28th, 2016
The World’s Favorite New Tax Haven Is the United States Moving money out of the usual offshore secrecy havens and into the U.S. is a brisk new business. Last September, at a law firm overlooking San Francisco Bay, Andrew ...
