Tax & Regulation
North America | 21 Dec 16
Cayman Islands plans beneficial ownership platform
The Cayman Islands will gazette two pieces of legislation before Christmas that will pave the way for the jurisdiction to create a platform where overseas authorities can access information on the beneficial owners of companies and other financial entities.
Tax & Regulation | 21 Dec 16
Payments to tax informants by HMRC nears £500K
HM Revenue & Customs (HMRC) has spent more than £460,000 ($570,000, €547,000) for confidential information from the public and the business community to help it combat tax avoidance, according to London-based law firm RPC.
Convicted ex-BSI banker to be sentenced ‘beyond the norm’
Former BSI banker Yeo Jaiwei has been found guilty of four charges of witness tampering by a Singapore court as part of the investigations into the 1Malaysia Development Bhd (1MDB) money laundering scandal.
Tax & Regulation | 20 Dec 16
Dodgy carbon credit trio struck off after investors lose £3m
Three former directors of a carbon credit scheme have been banned for a total of 44 years after investors in the fraudulent investment lost almost £3m ($3.7m, €3.5m), the UK’s Insolvency Service (IS) has revealed.
Senior managers must be held more accountable, says HK regulator
Senior managers at financial firms must take greater accountability for corporate wrongdoing, according to a circular released by the Hong Kong Securities and Futures Commission (SFC).