The Economic and Financial Affairs Council of the European Union (ECOFIN) has granted Uruguay the status of “cooperating jurisdiction without assumed commitments”, meaning that it is no longer on the EU’s list of non-cooperative jurisdictions for tax purposes.

South Africa's Companies and Intellectual Property Commission has announced that compulsory registration of trust and company beneficial ownership will take effect on 1 April 2023.

Two recent England and Wales proprietary estoppel cases have confirmed that proof of the nature of any promise or assurance is fundamental to establishing a claim, experts have noted.

The Supreme Court of the United States (the Supreme Court) has determined that a taxpayer who unintentionally failed to file annual foreign bank account reports (FBARs) to the Internal Revenue Service (IRS) should receive a penalty only once for each annual form and not for each unreported bank account as the IRS had claimed.

The Ministry of Justice has decided not to amend the Mental Capacity Act 2005 (MCA 2005) to give families in England and Wales access to small funds belonging to relatives without having to ask permission from a court.

The Superior Court of Justice of Ontario has ruled that creditors of an estate are not the same as beneficiaries and are not entitled to the appointment of an estate trustee during litigation.

The Financial Action Task Force (FATF) has added South Africa to its list of jurisdictions under increased monitoring for anti-money laundering (AML) weaknesses.

A damages claim for negligent tax advice given by law firm Speechly Bircham in September 2009 is not time-barred and can proceed, the England and Wales High Court (EWHC) has ruled.

The French authorities now require property owners to submit a declaration confirming their title and occupancy status.

The UK government has updated a policy paper noting that the new register of overseas entities, established by the Economic Crime (Transparency and Enforcement) Act 2022, and the register of persons with significant control are both compliant with the European Convention on Human Rights (the Convention).