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Results: 1-10 of 623

Money laundering regulations make Cyprus equivalent jurisdiction
  • Harney Westwood & Riegels
  • Cayman Islands
  • May 21 2015

On November 21 2014 the Cayman Islands gazetted an amendment to the Money Laundering Regulations to include Cyprus in the Third Schedule to the


Privy Council clarifies when innocent third parties are liable to victims of fraud
  • Cooley LLP
  • United Kingdom
  • April 28 2015

To what extent must a bank make inquiries as to the commercial purpose of a transaction, particularly a transaction involving an offshore structure


Civil liability for breaches of the Codes - update
  • Ogier
  • Jersey
  • March 5 2015

On 20 February 2015, the Financial Services Commission (Amendment No. 6) (Jersey) Law 2015 was registered (Amendment Law). The Amendment Law makes


FATCA agreement between Curaçao and the U.S. - the data protection and contractual client confidentiality issues
  • HBN Law
  • Curacao, USA
  • January 30 2015

On 16 December 2014, Curaçao and the U.S. signed an intergovernmental agreement (“Curaçao-IGA”) setting out the information reporting and withholding


Will you have AML transitional arrangements in place by 1 November 2014?
  • Hall & Wilcox
  • Australia
  • October 23 2014

On 1 June 2014, new customer due diligence requirements were introduced to amend the Anti-Money Laundering and Counter Terrorism Financing Rules


Civil liability for breaches of the Codes
  • Ogier
  • Jersey
  • August 5 2014

On 6 June 2014, draft primary legislation to provide the Jersey Financial Services Commission with the power to impose civil financial penalties for


Justice Department warns Swiss banks of impending deadline
  • Blank Rome LLP
  • Switzerland, USA
  • December 17 2013

The Justice Department has issued a press release "strongly encouraging" Swiss banks to participate in the program previously announced by the U


Voluntary disclosures lead to John DOE summonses for information about U.S. accounts at Zurcher Kantonalbank and Bank of Butterfield
  • Baker & Hostetler LLP
  • USA
  • November 14 2013

In a sign that the U.S. government continues to aggressively seek information on U.S. taxpayers with non-U.S. bank accounts, the government announced


New Justice Department-Swiss bank program announced
  • Morvillo Abramowitz Grand Iason & Anello PC
  • Switzerland, USA
  • October 28 2013

Since 2008, the Department of Justice and Internal Revenue Service have targeted the use of undisclosed offshore accounts to evade U.S. income taxes:


Beanie babies creator to plead guilty to hiding income in Swiss account
  • Baker & Hostetler LLP
  • USA
  • September 23 2013

Tax Analysts reports that H. Ty Warner, owner of Beanie Babies production company TY Inc., was charged yesterday with federal tax evasion for