Tax & Regulation | 14 Aug 14
mexico more tax compliant than Jersey
Mexico has been named as fully compliant with international tax standards by the OECD while others, including Indonesia and Chile have been rated either largely or partially compliant.
fbme loses cyprus court challenge
The Supreme Court of Cyprus has rejected an application by FBME bank that sought to suspend the sale of the branch’s operations on the island, as reports say EY investigators are continuing to look at money laundering claims made last month by the US Treasury Department.
United Kingdom | 12 Aug 14
coutts intl could be sold off within months
RBS aims to sell off the international business of Coutts as the ‘Plan A’ part of its strategy to focus on building its UK operations.
singapore not gaining from illicit flow
Singapore has put in place measures to prevent fund flows linked to anti-money laundering and tax avoidance from jurisdictions such as Switzerland, Monetary Authority of Singapore managing director Ravi Menon has said in an interview.
Tax & Regulation | 11 Aug 14
FCA sees cross-border rise
Requests to the UK’s Financial Conduct Authority from international regulators increased last year as a result of more cross-border investigations.